BACS = payroll the easy way

BACS = payroll the easy way

Author: Sam Desilwa

Most large companies use BACS to make salary payments directly into employees' bank accounts. Automating payroll services through the BACS Payment Scheme, originally known as Banker's Automated Clearing Services, gives companies the means to ensure fast, timeous payment of salaries electronically. If you are a small or medium enterprise, you may be considering moving your payroll services onto the BACS direct credit service in order to increase efficiency and lower your carbon footprint. SMEs using manual payroll systems are using resources that could otherwise be invested in core business functions. There are more efficient payroll solutions, including contracting payroll out to a BACS Bureau.

Why use a bureau? Well if you are an SME, your turnover may not be high, you may not meet all the criteria for direct payment through BACS and you may only need to service a small payroll. You need to obtain a BACS user number from your bank and once your account has been set up by your service provider, you prepare payroll data on the forms provided and transmit this to your payment service provider by the day it is due to be processed. You can transmit your payroll data in spreadsheet or csv file format, or it can be faxed if necessary. The service provider will send the details to BACS on your behalf, a checklist is sent to you for authorisation and you can make amendments or add new employees if necessary. Payments are made directly into accounts and payslips are generated which can either be posted or emailed to employees.

Find the right payroll company for your needs and the benefits will speak for themselves. Moorepay Limited is a commercial BACS approved bureau providing secure, internet-based payment services. We specialise in providing payroll services to SMEs and, as the first computer bureau in the UK, have over forty years experience of payment services provision.

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The Article is written by moorepay.co.uk/ providing payroll solutions and payroll company Services. Visit http://www.moorepay.co.uk/ for more information on moorepay.co.uk/Products & Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included. Visit moorepay.co.uk/ for more services!