How Do I record a Stock not Cash Dividend

Celia Brigman on

Received 5 share of stock and can't figure out how to record
this.

Laurie Frederiksen on

Dear Celia,

A true stock dividend is usually a non taxable transaction that is recorded as a stock split.

If you want to let us know which company gave you the new shares, we're glad to research for you whether there would be any reason to record it any differently.

--
Laurie Frederiksen
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iras1 on

If it was a stock dividend, you record the transaction as a split. You will probably need to account for fractional shares which were "sold".

Ira Smilovitz

In a message dated 07/17/11 13:44:05 Eastern Daylight Time, cbrigman@carolina.rr.com writes:

Received 5 share of stock and can't figure out how to record
this.

Laurie Frederiksen on

Dear Celia,

Just enter it using the split button that you'll find on the Accounting>Investments screen. The split ratio is 105 to 100.

On Mon, Jul 18, 2011 at 10:13 AM, Celia Brigman <cbrigman@carolina.rr.com> wrote:

OK, record as a split but I am not sure how to enter that in
- ratio, etc. We had 100 shares and received 5 more - there
was no cash/fractional. Just need guidance in entering it
correctly. Thanks.

--
Laurie Frederiksen
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www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
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