Dividend & Book keeping

[Benji]

I'm doing the book keeeping of my ltd myself and i don't know how to record a dividend paiement into the account.
I know the process of meeting minutes/dividend tax vourcher but when you really pay the dividend out the company account, i don't know against which account of the standard chart of account to use.
If somebody can give me the example of journal they use, would be gratefull.
Thanks.

[Davey78]

You'll definitely need to include it in your cash flow statement as an outflow (if you prepare a cash flow statement).

Dividends that have been declared, but not yet paid, would appear as a current liability on the balance sheet. Dividends already paid do not appear on the balance sheet as they are no longer in the business.

On the Profit and Loss Account / income statement you would record the dividend declared below net profit after tax.

[xoggoth]

Agreed. Specifically, divi owed at year end will usually be in BS under other creditors (includes directors). On P&L subtracting divi from net profit after tax gives you retained profits for the year figure, should be explicit in the P&L sheet you are using.