Bacs Approval makes payroll a whole lot simpler
Not all payroll providers have Bacs approval. But does that really matter? At Perfect Payrolls we believe that Bacs approval and efficient payroll services go hand in hand. A Bacs Approved Payroll Bureau can save you a whole lot of stress and hassle by making electronic transfers on your behalf.
When you choose a Bacs Approved Payroll Bureau they will be able to make payments to your workforce, to HMRC or for Student Loans, taking away the need for cumbersome cheques or needing to call on someone in-house to make the payments.
Your own dedicated payroll expert
Fully compliant with HMRC legislation
Support designed to meet your needs
Bacs explained
Bacs stands for Bank Automated Clearing System and is a structured payment system that’s used to move money from one bank to another in the UK. A system that’s been up and running for around 50 years, is made up of sixteen of the UKs major banks and building societies and is fast, safe and trusted.
Why choose a Bacs Approved Payroll Bureau and what you’ll need to do
In a nutshell, when you work with a Bacs Approved Bureau your payroll becomes even simpler than it is if you just outsource your payroll. Making this choice makes your payments simple, fast, secure and flexible. To make it possible, you need your bank’s approval. Getting that isn’t difficult, but you will need to prove a good financial track record and demonstrate that you keep your accounts in order.
Direct Credits versus Direct Debits
Direct Debits are commonly used by businesses, but it’s Direct Credits that are processed through the Bacs system. Direct Credits are an ideal way for employers like you to send money to your employees, to HMRC and any other third parties. When you choose a Bacs Approved Payroll Bureau like Perfect Payrolls, you can enjoy the peace of mind that someone else is looking after your payments for you.
Service User Numbers (SUNs), why they matter and how to get one
If you’ve already heard about the Bacs system, then you may well have heard about SUN numbers. If you’re authorised to use the Bacs system, then you’ll have a SUN number. It’s a unique number that identifies your business. When you authorise a Bacs Approved Payroll Bureau to make payments on your behalf, you’ll need to provide them with your SUN number.
If you don’t have a SUN number, you can ask for one by contacting your bank and asking them for an application form.
Frequently Asked Questions (FAQs)