MYLEDGERTax preparation & working papers
Franking account and dividends
Track the franking account balance and dividends declared each year, including ATO payment receipts.
The problem it solves
Franking credits and dividend statements need an accurate franking account.
How it works
- Record dividends declared and tax payments.
- Review the franking account balance.
- Produce dividend information for the year.
What your practice gets
- Accurate franking balance.
- Dividends recorded.
- ATO payments included.
Watch it in the product
A short recording of franking account and dividends in use.
Questions accountants ask
Are ATO payments included?
Yes.
Is it per year?
Yes.
Is there a tutorial?
Yes, see the franking account and dividends tutorial.
Related features
Features that work alongside franking account and dividends.
Working papers hub
One tabbed page per client for year-end schedules: checklist, GST, tax return labels, depreciation, amortisation, Division 7A, FBT, investment income, distributions, franking, dividends, SMSF and more.
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Allocate trust net income to beneficiaries and post or unpost the distribution journals.
VideoPartnership distributions
Split partnership net income between partners and post or unpost the journals.
VideoSMSF member allocation
Allocate the fund's result across members, with checks including pension minimums.
VideoIndividual tax estimate
Estimate tax payable for resident individuals in working papers and tools.
ATO small business benchmarks
Compare a client's ratios with published ATO small business benchmarks for their industry, with risk indicators and trends.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.