This article discusses the concepts of profit, its types, as well as its economic essence. Profit is the main goal of any business, and maximizing it is the main objective. The study and correct formation, distribution and use of profits is an indicator of the competent implementation of a business. The article discusses various types of profit, as well as various ways of generating profit. This analysis will help determine which areas of activity should be developed and what should be cancelled. Statistical data on the profits of enterprises for the last year period are also considered. According to the data, it can be observed that many enterprises may be unprofitable, but not cease their activities, since this area of activity is necessary for the country’s economy

The article is based on the fact that the distribution of profits of joint-stock companies and the improvement of the calculation of dividends paid to shareholders is an urgent issue. Based on the analysis of the data obtained from the practice, the accounting of profit distribution and dividend payments is covered