I see that there are a couple of topics about dividends, but I've found advice here and in other forums confusing. I would like simply to account for dividends paid to the director (me) of a small UK limited company on the date that they were paid. Here is what I have done:

1. Created a new equity account called "Dividends Paid".

2. Marked the relevant entry on the imported company bank statement as Transfer to another account/Dividends Paid.

It that correct? Is there anything more that I should do?

Thanks.