Shares & Dividends

For limited liability companies dividends can be declared, dividend payments evaluated and tax vouchers prepared and printed from within the system. Details of share types, shares authorised and shares in issue together with company members (shareholders) are maintained to provide the base information for dealing with a dividend declaration. The process in summary is: -

Ensure the Company name, number and registered address is accurately held on the system
Check that a least one company officer has been set up
Ensure that details of company members are added and accurate
Set up details of share types and record the authorised numbers
Record the details of the number of shares issued to individual members

The items above are usually only infrequently updated. The items below apply to any declaration.

Enter details of the specific declaration
Inspect the dividend list and when content, distribute the dividend tax vouchers
Pay the dividend in cash

Control - Shares & Dividends

A fly-out menu then offers the following: -

Dividend Declaration: Allows the declaration, approval and posting of dividends
Tax Year Dividends: Lists dividend tax vouchers and provides for their printing or email to shareholders
Share Types: Share types can be set up and managed
Authorise Shares: Shares are authorised on this screen
Issue Shares: Shares are issued to shareholders on this screen
Transfer Shares: Management of the transfer of shares between shareholders
Cancel Shares: Use the screen to record cancelling shares
Member Shareholdings: Presents a summary screen of all share holdings and movements
Company Members: Lists details of company members and allows for amending of details
Add Company Member: Screen to add a company member (Shareholder)
Print Member Listing: Prints a report of company members