Directors’ Remuneration/Balances

Issue

This error occurs when the Closing Balance + Amounts Waived in financial year + Repayments +

Advances = Opening Balance.

Resolution

Go to the Compliance Database > Client Details > Officer Details and double click on the officer. 

The Amounts Waived in financial year, Repayments or Advances will need to be amended so that the total amounts match the opening balance.

The Issue is now resolved because 500+9,500=10,000.

If directors' accounts show duplicate amounts in financial statements, navigate to Compliance Database > Client Details > Officer Details > Open/Edit, and enter the relevant nominal account under Current Account for each director. This should address the issue of duplicate financial figures across different periods.

If the related-party/director loan note is already appearing in your accounts but the figures shown are incorrect or out of date, the wording itself is controlled separately from the underlying values. To update the current year's repayment amount: check the nominal code(s) posting to the director's loan account in the Trial Balance and confirm the current year's repayment has been posted via a journal or trial balance import, rather than typed directly into the note text. The note will then reflect the updated balance/movement automatically. Only use Other Note Information > User-Defined Notes if you need to add or edit descriptive wording around the figures, not to change the figures themselves