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: