How To
Companies that pay interest on shares rather than dividends
CCH Trust Accounts
Some companies (a very few) pay interest on shares instead of dividends. An example is SEDOL BW4NPD6, Ranger Direct Lending Fund Plc. Three changes have been made for these companies:
- In the Exshare feed, these came through as dividends. This has been fixed and they now come in as interest.
- The Income/Acquisition report shows the payments as Interest Paid Net of Tax.
- The interest payments now come into Personal Tax from 2018/19 onwards.
Related documents
Linking to clients in CCH Central
This document provides instructions on how to link and unlink clients from CCH Central in the CCH Trust Accounts system. To link a client, the user must select the client, click "Edit," then "Link," and choose the appropriate client from Central. Once linked, certain fields become non-editable in Trust Accounts. To unlink a client, the user clicks the "Unlink" button, which restores editability but deletes any accounting periods in Central. Key fields updated from Central include client name, address, and contact details.
Database Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Data Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Database Parameters
Database Parameters
Passwords
Passwords