Paying out a dividend in Ember
To pay yourself a dividend via Ember, use the following steps
Check the dividends available - You can check how much you have available in dividends via the Dashboard in Ember. This will be displayed at the very top of the page on the right hand side. Be advised this figure will only be accurate if your transactions are fully categorised & up to date in Ember.
Transfer Funds to Your Personal Account: If you have profit available, you can transfer funds from your business account to your personal account via bank transfer. This will generate a transaction in Ember.
Categorise the Transaction: In your Ember account, please categorise the dividend as "Dividends paid". This categorisation helps you track dividends separately from other business expenses in the balance sheet & generates a dividend certificate.
It's as simple as that! You've now paid yourself a dividend.