Glossary or Definitions on Crunch - Directors LoanAdditonal Advance

MichaelK

Hi there, this is my first post on the forum. I have been trying to resolve an issue associated with a Director’s Loan. Our annual accounts statement has a table detailing an Opening Balance, Additional advance, Amount repaid and Closing balance.
I want to understand how the Additional advance, Amount repaid are calculated.
Any help is appreciated.
Many thanks
Michael

Katie

Hi Michael,

As you’re subscribed to one of our software and service packages I’d highly recommend arranging a call with our accountants to discuss this. They’ll be happy to explain any figures in your Year End accounts or that you can see in your Crunch account.

You can either give us a call on 0333 311 8001 or email support@crunch.co.uk to set up a call.

All the best,

Katie

MichaelK

Katie Thanks, Katie. I’ve done that and waiting to schedule a call.

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