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Limited company - dividend vouchers

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km123
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Posts: 6
Joined: Thu Sep 01, 2011 8:39 pm

Limited company - dividend vouchers

Post by km123 » Sun Sep 04, 2011 8:09 pm

Hi,
I am the Director of a limited company.
I am paid the gross income on weekly basis into my Business account and then I transfer the Net profits + Net Pay ( salary + expenses) equivalent amount to my personal account. However, in the payslips, the Net Divided and Gross dividend is showed as drawn from Business account, only on monthly basis. Now, when I prepare the dividend vouchers, do I show the Net Dividend as drawn at various times in a month as it is never paid as a single payment and not as a Net/Gross dividend amount for a Limited Company.

Those who have gone through similar situation, could some one please help me with this. Thank you for your time in advance

John
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Posts: 12320
Joined: Wed Nov 10, 2004 2:54 pm
Location: Birmingham, England
United Kingdom

Post by John » Sun Sep 04, 2011 10:12 pm

What do the resolutions of the Board of Directors say? You know, the resolutions that declare the interim dividends!
John

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