When all your accountant needs is the finance cost, a full transaction list is more than necessary. You can isolate the interest charged over a period so the figure lifts straight into your books.
How to get it
- Open a custom-range statement or export for the period.
- Read the total interest charged for that range, or filter the export to interest lines.
- The year-end summary gives the full-year interest in one figure.
Using the figure
Interest on a business loan is generally an allowable finance cost for Corporation Tax; your accountant confirms the treatment. Because interest is simple and fixed, the isolated figure reconciles against your schedule with no adjustments to hunt for. Keep the supporting statement with it so the number is evidenced, not just asserted.
Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.
See also: How to get the total interest figure for your tax return, Getting a record of total interest paid over the year, How to understand the interest on your statement.