Dividends Paid and Franking Account

Modified on: Tue, 14 May, 2024 at 12:23 PM

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

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

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