BACS Payment

I got a LTD Comp and will be getting funds from clients this month end. so i am planning to take a salary of 4000 every month for the next 5 months.

While transferring money from Business Account to my current account, does it need to be a BACS payment?? as my accountant issues a proper iris payslip and method pf payment is BACS on it.

But the issue is does banks can still do a BACS payment even if my accounts are linked as i am not paying to another person.

plz advise!!

canon123 wrote:I got a LTD Comp and will be getting funds from clients this month end. so i am planning to take a salary of 4000 every month for the next 5 months.

While transferring money from Business Account to my current account, does it need to be a BACS payment?? as my accountant issues a proper iris payslip and method pf payment is BACS on it.

But the issue is does banks can still do a BACS payment even if my accounts are linked as i am not paying to another person.

plz advise!!

That is a strange questions.
Why would it have to be a BACS payment,
Do you know what a BACS payment is?

just ask him to change it from BACS to Standing Order or Bank Transfer...he should be able to do it....

thanks gaurav

My Payslip always said, Cheque payment, however I always transferred funds using FASTER payment. Didn't face any problem in getting extension.

ok thanks rajesh