How do I record a dividend check - cash balance should not increase in account

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I receive dividend checks - and cash them. I want to record the dividend income but not increase cash balance in the account. Any suggestions?

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    Show the dividend received transaction, in the brokerage account, as being a transfer to either a Banking account, or to a CASH account ... depending upon what you actually did with the check.

    Q user since February, 1990. DOS Version 4
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