How to Record Distributions
This article explains how to record distributions so that you can accurately capture how income or capital is distributed between your client's entities.
Before You Start
Make sure you have an active Group with at least two entities — one to act as the distributor and one as the recipient.
Steps
- In the left-hand navigation, go to Distributions.
- Click Add Distribution.
- In the Add Distributions form, click the Select distributor dropdown and select the distributing entity. You can start typing to jump to an entity in the list.
- Click the Select recipient dropdown and select the receiving entity in the same way.
- Select the Distribution Type. The options available depend on the distributor's entity type — for example, a Company distributor shows Dividend, while a Trust distributor shows Trust Income or Trust Capital.
- Enter the Amount and select a Date.
- To record another distribution at the same time, click Add Row and repeat steps 3–6. The Create button updates to reflect the number of distributions you are about to create (e.g. Create 2 Distributions).
- Click Create [X] Distribution/s.
What You'll See
A "Created [X] distribution/s" message appears. Your distributions are recorded on the Distributions page, where you can filter by date or type to find what you need.
Editing and Deleting Distributions
- To edit a recorded distribution, click the pen icon.
- To delete a recorded distribution, click the red bin icon.