Before you start make sure you have setup your investment register link in chart

DRP (Dividend Reinvestment Plan) enables eligible shareholders to reinvest all or part of any dividend paid on their shares into additional shares, rather than receiving dividends in cash

Note: There is often a small difference between the dividend paid ($274.49) amount and the value of the shares received through the dividend reinvestment plan (8 x $34.05 = $272.40). In this case the difference is $2.09. This small amount left over, the company (e.g. BHP Group Limited) will just keep as a credit for next time you receive a DRP allocation

To Enter the DRP into Cashbook and the Investment Register

Step 1: Add Transaction

• Click the Cashbook toolbar option
• Click Add
• Click Yes to the Confirm message: 'Do you want to enter transactions for "............", in the company file "............"?
  

• Type: Cash Journal
• Date: e.g. 25/09/2018
• Reference: CASH JNL (auto-fill)
• Paid To: Cash Journal (auto-fill)
• Account: 460 Shares Purchased
• Quantity: the number of shares purchased e.g. 8
• Note: this dissection line is red, which indicates that account 460 Shares Purchased is linked to the Investment Register.
• Using the tab key, tab through to the Note (Optional) and select share name (e.g. BHP Group Limited) from the drop-down list, then click on the [I] button to access the Investment Register

• Transaction Type: Dividends re-invested
• Date: e.g 25/09/2018Notes: e.g. 2018 Final Dividend
• No. of units for Dividend: auto-fill 
• Franked Amount: see dividend/DRP statement
• Franking Credit: see dividend/DRP statement 
• Unfranked Amount: see dividend/DRP statement
• Tax Withheld: see dividend/DRP statement
• No. of Units Purchased: see dividend/DRP statement 
• Avg. Price Unit: make sure this matches amount recorded on statement
• Click OK to save

Step 2: Second Dissection of the Cash Journal 

• Account: 645 Share Income/Dividends
• Quantity: 310
• Click OK to save