The video provides the following guide to using the Share Register & Franking Account -

  • Setting up the franking account ( company as SBE changes the rate of franking to equate to either 30% tax rate or 27.5% tax rate)
  • Adding a balance to the franking account
  • Adding a transaction in the franking account
  • Paying franked and unfranked dividends
  • How it will inject to company tax forms

Related Article:

How to use the Share Register & Franking Account

In the Financial Information Section, franking account must be positive or zero. Not negative.