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The video provides the following guide to using the Share Register & Franking Account -

• Creating a class of shares and authorised share capital with a face value on each share
• Issuing shares from the authorised capital to the members
• Transferring shares to another member
• Disposing of shares (capital reduction
• Understanding how adding members in the share register updates the relationships module
• Setting up the franking account
• Adding a balance to the franking account
• Adding a transaction in the franking account
• Paying franked and unfranked dividends
• Understanding how notating the company as SBE changes the rate of franking to equate to either 30% tax rate or 27.5% tax rate

Watch the video below:

Other Share Register Article HERE

In this article: 

• Set up Shares for Shareholders
• Transfer of Shareholders Shares
• Issue "New" Shares

Set up Shares for Shareholders

Illustration 1. Bread Co Pty Ltd has 3 Shareholders with 200 shares for each for $1. 

Navigate to Tools > Share Register

Select Classes

Fill the information

Note, set as large as possible the "Authorized Number"

Once "Classes" has been set-up, navigate to "Issued Capital" 

Since the shareholders has total of 600 shares, we will issue 600 from the 100000 Authorized Number

Then, we can now "Assign" the shares

"Anna Doe" illustration for the assign shares

Summary table for the "Shareholders" Shares. 

Transfer of Shareholders Shares

Anna Doe's shares of 200 will transfer to Marie Smith for $2/share

Via "Register" tab and select the Ana Doe 

Result after the transfer, Anna Doe has 0 and Marie has the 200, with "Total Paid" of $400 ($2/ea)

Issue "New" Shares

"Zach Smith" as additional shareholder with 300 shares for $3/each