Shareholder

A Shareholder is a person or company that owns shares, with their contact details, folio number and a table of holdings by share type that Share Transfers keep up to date. It is the share register that the Office of the Company Registrar expects a private company to maintain, so the two founders with 12,500 shares each are recorded here. The record itself posts nothing; issues post through Share Transfer and dividends through a Journal Entry or Payment Entry on which the shareholder can be the party. Dividend payments to a resident shareholder carry 5% TDS, which is withheld on that payment entry.

1. 01Go to Invoicing > Shareholder > New.
2. 02Enter the name, folio number, address and contact details; pick the company.
3. 03Save. Holdings fill in as Share Transfers are submitted.
4. 04Open the record to read the current holding per share type.
5. 05To pay a dividend, create a Journal Entry as below with the shareholder as party on the bank line.

Create under Accounts > Shareholder; a shareholder can be the party on dividend payments.

Two founders holding 12,500 shares each.