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In my last post I mistakingly referred to Dividend Certificates when I meant to say Dividend Tax Vouchers.
These are the vouchers that companies need to create when a dividend is paid to a shareholder.
For example, if a net dividend of £1000 is paid, the (non-refundable) Tax Credit is
1000 x 1.11111 = 1111.11
1111.11 - 1000 = 111.11
Therefore the tax credit is £111.11 and the gross dividend is £1111.11.
We’re currently working on a new bit of functionality for version 4 of Earnings Tracker, which will allow users to generate dividend certificates, and then edit and delete them if necessary. This is aimed at UK companies.
We’re still on track to deliver v4 of Earnings Tracker in September 2008.
Earnings Tracker was originally designed to be used by UK-based contractors, and much of the accountaing and bookkeeping functionality in the current version is aimed at this group of users.
This does not mean, however, that the application can’t be used by anyone who simply wants a basic bookkeeping / accounting package, as any functionality that is not required can be ignored. For example, one of the features enables users to set up a VAT flat rate percentage to be used to calculate the amount of VAT payable. This is only of any significance to UK-based businesses that are registered to use the VAT flat rate scheme. If you are not one of these businesses, you can ignore the figures relating to the amount of VAT payable that are generated and displayed on the main Earnings Tracker spreadsheet.
In version 4 of Earnings Tracker you will be able to hide columns in the spreadsheet that are of no interest to you or that you only need to refer to occasionally.
Version 4.0 of Earnings Tracker is scheduled for release in September 2008.
Currently, the following new features will be included in v4.0:
- More elegant way of selecting months for editing/deleting.
- The ability to show/hide columns in the main spreadsheet.
- The ability to create dividend certificates.