QB Issue Resolution:
As an accountant, I would set up an account as follows:
Chart of Accounts > New
Account type > Equity
Detail type > Retained Earnings
Name > Dividends
I would then create a bank rule to transfer the payment from the bank account to the dividend account.
This will take the dividend payments out of your P&L and onto your balance sheet, thus reflecting the correct profit and CT.
I’d also be questioning your accountant about there reasoning for setting it up as an expense.
Resolution for Issue 'Paying Monthly Dividends – Chart of accounts' available: Yes (Solved).
Source: Intuit Community forum.
Paying Monthly Dividends – Chart of accounts: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Balance Sheet
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