Skip to main content

Search

Welcome to our Support

Accounting & Disclosure Error: Directors' Remuneration/Balances

Sohini Chakraborty
  • Updated

Directors’ Remuneration/Balances

Issue

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

Advances = Opening Balance.

DRM1.jpg

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.