Question 1

What is Dividendly and what does it do?

Accepted Answer

Dividendly is a UK-focused web app that helps directors, contractors, and accountants produce dividend vouchers from their Xero data. It drafts compliant vouchers, posts the SPEND transaction back to Xero, attaches the PDF, and emails the shareholder — so the audit trail stays in your accounts. It's built specifically for UK limited companies that pay dividends to their shareholders.

Question 2

Do I need a Xero account to use Dividendly?

Accepted Answer

Yes. Dividendly is built specifically to work with Xero, so you'll need an active Xero account to use it. The tool connects to your Xero data to pull through the financial information needed to generate your vouchers. If you already use Xero, getting started takes a few minutes.

Question 3

What is a dividend voucher and why do I need one?

Accepted Answer

A dividend voucher is a record of a dividend payment from a UK limited company to its shareholders. UK company practice expects a voucher every time a dividend is paid, listing the amount, the date, the recipient, and the company details. Without one, a dividend payment lacks the documentation HMRC and your accountant expect.

Question 4

Is Dividendly suitable for accountants managing multiple clients?

Accepted Answer

Yes. The Accountant Lite and Accountant Plus tiers are designed for practices handling dividend vouchers across multiple Xero client accounts. You connect each client's Xero separately, switch context without mixing data, and produce consistent vouchers across the whole client book — no Word templates, no copy-paste.

Question 5

How does Dividendly connect to my Xero account?

Accepted Answer

Through Xero's standard OAuth integration — the same authorisation method used by other approved Xero add-ons. You log in to Xero and grant Dividendly access to the scopes needed for voucher work. No login credentials are shared, and you can revoke access from your Xero settings at any time.

Question 6

Where does my registered office address come from?

Accepted Answer

Companies House. We fetch your registered office address directly from the official UK record so vouchers always match what's on file. Other company details — accounting context, contacts — come from your connected Xero account.

Question 7

Are the dividend vouchers produced by Dividendly legally compliant?

Accepted Answer

Vouchers include the fields expected under UK practice: company name, registration number, registered office address, shareholder details, dividend amount, amount per share, payment date, tax year, and a unique reference. They're formatted to meet what HMRC and accountants typically expect. For complex share structures, confirm with your accountant.

Question 8

How much does Dividendly cost?

Accepted Answer

Dividendly offers four paid plans — Starter, Growth, Accountant Lite, and Accountant Plus — with monthly or annual billing in GBP plus VAT. Every plan starts with a 7-day free trial. Founder pricing locks in 40% off the standard rate. The full pricing table, including company and run limits per plan, is at dividendly.co.uk/pricing.

Question 9

Can I use Dividendly if I'm a sole director and shareholder of my limited company?

Accepted Answer

Yes — sole director-shareholder is one of the most common setups, especially for contractors and freelancers. Whether you have one shareholder or several, Dividendly drafts a voucher per recipient and handles the surrounding paperwork.

Question 10

How long does it take to create a dividend voucher using Dividendly?

Accepted Answer

Once Xero is connected, a voucher takes a couple of minutes. The tool pre-fills the company and shareholder data — including the registered office address from Companies House — so manual entry is minimal. You can generate, save, and download a complete voucher in a fraction of the time it takes manually.

Question 11

Is my financial data safe when using Dividendly?

Accepted Answer

We use Xero's OAuth flow with encrypted connections. We request only the scopes needed for voucher work — no payroll, no advisor permissions, no broader access. Each company's data sits in its own tenant, and you can revoke Dividendly's Xero access from your Xero settings at any time.

Dividend voucher FAQ for UK limited companies

№ 01Who is Dividendly for?+

№ 02Do I need to manually enter company details?+

№ 03Where does my registered company address come from?+

№ 04How does Dividendly interact with Xero?+

№ 05Can I create a voucher without pulling data from Xero?+

№ 06What data does Dividendly use from Xero?+

№ 07Can I manage multiple organisations?+

№ 08What is included on each voucher?+

№ 09Will this replace my accountant?+

№ 10Is there a free option?+

№ 11What happens after the 7-day free trial?+

№ 12Can I download old vouchers later?+

№ 13What if I generate a voucher by mistake?+

№ 14How quickly can I get started?+

№ 15Do I need board minutes as well as a dividend voucher?+

№ 16What's the difference between an interim and a final dividend (UK)?+

№ 17How often can a UK limited company pay dividends?+