How To: Create a Dividends Nominal Account

To create a dividends nominal account that will appear in the Balance Sheet under Retained Earnings follow the steps below:

  1. Open an Accounts screen (show me how).
  2. Open the [ Accounts | Nominal Accounts | Nominal Accounts ] screen.
  3. Press Alt+E or click the green triangle icon is the buttonbar's EDIT button to enter edit mode.
  4. Press F3 or click the NEW ITEM button has an icon that shows two sheets of paper (identified by having the top right corner folded down), arranged diagonally on the icon from top left to bottom right to add a new item.
  5. Enter the following information:
    1. Code: enter the Nominal Code.
    2. Description: for example Dividends.
    3. System Type: Finance
    4. Account Type: Company
  6. Press Ctrl+S or click the disk icon is the button bar's SAVE button to save changes

See Also

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