Issuing a Dividend

Overview

Use this job aid to calculate dividends on outstanding shares of stock. If you have Patronage set to integrate with Accounts Payable, you will also be able to generate an A/P voucher for each dividend check.

To refund patronage:

1. Review all responses to Patronage Setup Information including Stock Class Information, Dividend Information, and System Integration.

2. If you've added new voucher types in System Integration, add the voucher types in Accounts Payable, Setup Information, A/P Setup, and Add/Edit Voucher Types.

3. From the Toolbar, click PAT for Patronage.

4. From the Patronage menu, select Patronage Transactions, and then select Issue Dividends.

5. In the Transaction Date box, type the date that will be used when selecting transactions for inclusion in 1099 printing and 1099 diskette.

6. In the Stock Classes, type Y for each stock class you want to calculate a dividend for.

7. Click OK.

8. Click OK.

Learn more about Issuing Dividends feature:

• Adding System Accounts for Payroll
• Adding System Accounts for Bank
• Adding System Accounts for Accounts Receivable
• Adding System Accounts for Accounts Payable
• Adding System Accounts for Inventory Activity
• Adding System Accounts for Commodity Settlements
• Adding System Accounts for System Clearing
• Printing System Accounts Reports
• List of SJI Transaction Codes