The video provides the following guide to using the Share Register & Franking Account -
- Creating a class of shares and authorised share capital with a face value on each share
- Issuing shares from the authorised capital to the members
- Transferring shares to another member
- Disposing of shares (capital reduction
- Understanding how adding members in the share register updates the relationships module
- Setting up the franking account
- Adding a balance to the franking account
- Adding a transaction in the franking account
- Paying franked and unfranked dividends
- Understanding how notating the company as SBE changes the rate of franking to equate to either 30% tax rate or 27.5% tax rate
Watch the video below: