Paying out a dividend in Starling
To pay yourself a dividend via Starling, use the following steps
Check the dividends available: You can check how much you have available in dividends via the Dashboard in Accounting & Tax. 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 Starling.
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 Starling.
Categorise the Transaction: In Accounting & Tax, 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.
View and print the certificate: Click on the dividend transaction, then click on the arrow next to the Dividends category box to view and print the declaration.
It's as simple as that! You've now paid yourself a dividend.
