Pay Yourself

How to add a payroll run

Fancy some visual assistance? Watch our handy tutorial video for Setting up Payroll Runs in Crunch. Please note: Payroll Runs are used to pay salaries to limited company directors only. If you have employees within your company, you’ll need to speak with our Crunch Payroll team or contact your cl...

How to record a director withdrawal

A Director Withdrawal is a record of an outgoing transaction which can cover multiple reasons: salaries, dividends or personally paid for expenses owed back to you. Dividends, in particular, should be viewed as a two-step process so we’d always recommend checking that profit is available (profit aft...

How to record a director shareholder dividend

Fancy some visual assistance? Watch our handy tutorial video for Issuing & Paying Director Dividends in Crunch. Dividends are payments made to company shareholders from the profits of the company after corporation tax (profit after tax). Dividends are the most tax-efficient way to take your i...

How to record dividends for a non-director shareholder

Fancy some visual assistance? Watch our handy tutorial video for Issuing & Paying Non-Director Shareholder Dividends in Crunch. Dividends are payments made to company shareholders from the profits of the company after corporation tax (profit after tax). Dividends are the most tax-efficient wa...

Why does the maximum dividend available not match my bank balance?

For information on tax-efficient dividends, please see here. In our experience, by far the most common reason for a mismatch between the Maximum Dividend Available and your bank balance is the fact that your Crunch Account is not up to date. Perhaps you have not recorded all of your Invoices and Ex...

Taking a dividend

Dividends are payments made to company shareholders from the profits of the company (after Corporation Tax). They can be the the most tax efficient way to take profits from your limited company. Learn more about the dividend thresholds for the 2018-19 tax year. Important: The available divide...

Dividend scenario 1

Difference between invoices raised and paid Dividends are payable from your net profit, as your net profit is based on invoices issued rather than Client Payments received then there will be times when the Maximum Dividend available will be higher than your bank balance. Crunch uses the "Accru...

Dividend scenario 2

Withdrawing money without recording a Dividend: Let’s say the "Maximum Dividend Available" is £3,000. We withdraw £3,000 from the company Bank account but do not record a Dividend in Crunch. Crunch will still display the "Maximum Dividend Available" as £3000, even though your bank balance is no...

Dividend scenario 3

Purchase of an asset: This is a very common reason for the "Maximum Dividend" amount not matching your bank balance. If you have any assets this can cause a dramatic difference between the dividend amount available and your bank balance. Dividends are based on your company’s profits after tax. E...

Dividend scenario 4

Multiple bank accounts: Let’s say you have £10,000 worth of work and receive payment for this. You decide to split this money and put it in two separate bank accounts. The Crunch system will calculate your dividend as £10,000, but the money in either of the two bank accounts will be less than thi...

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