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Group Accounting

Diesel Tzedek
Registered User
Join date: 11 Sep 2006
Posts: 19
12-03-2006 20:40
i have a group with only me set to pay liabilities/recieve dividends.
I am having trouble making sense of the accounting information in the group managment tool.
i understand the 'your share' info is wrong from other posts on this subject.

a parcel of group land was sold for L$13500,

in the planning tab it shows:
Balance = L$12000
Debits = L$1500
Total = L$10500

in the Details tab it shows:
Directory fee = L$30
Group Dividend = L$1470
Total = L$12000

is the payout from this group going to be:
L$13470, L$12000 or L$10500 ?

EDIT: this isnt meant as account specific, :)
this was an example of the accounting section in the group managment tool that doesent seem to make sence to me.( deducting group dividend twice) and i was unable to find an expanation in the knowlage base of what the group dividend was. lol . is it a kind of tax on group earnings as a exchange for the extra tier allowance? etc.l
Torley Linden
Enlightenment!
Join date: 15 Sep 2004
Posts: 16,530
12-04-2006 13:49
Diesel, sorry, Linden Answers isn't for account-specific questions. Please see About This Forum, and check with Support about this, but I'm going to move this to Resident Answers in case anyone else would like to try and help. :)
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