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many thanks..some 50% of my client pay me by cash because I give my bussiness bank details with my invoice to them to deposit..am in full time employed with income of £29750 p.a in the last 2 yrsnnj10 wrote:Can you explain what do you mean by clients paying directly in your business account?
If it is the money for which you have already generated invoice for your clients then it is perfectly OK, as John said.
If you mean something else, please elaborate.
Do they actually play cash into your business bank account, or alternatively do they use internet banking or telephone banking to get the money into your account?some 50% of my client pay me by cash because I give my bussiness bank details with my invoice to them to deposit
John wrote:Do they actually play cash into your business bank account, or alternatively do they use internet banking or telephone banking to get the money into your account?some 50% of my client pay me by cash because I give my bussiness bank details with my invoice to them to deposit
For my own business, the great majority of clients pay money into my business bank account using internet banking. I only need to bank about 3 or 4 cheques per year, and I consider it to be a hassle every time I need to pay in a cheque.