Making manual payments to employees and third parties each month can be time consuming and you might be wondering if there is an easier way to administer these types of payments. As a registered BACS bureau, Menzies payroll service can offer a solution and relieve the administrative burden of processing payments.
Our BACS payment service allows us to manage your entire payroll function and offer comprehensive end-to-end payroll support from data processing through to payment of salaries, PAYE liability, and other payroll related payments such as attachment of earnings orders or the child maintenance service.
Using Menzies BACS payment service to process your employee’s salary payments means that we can pay these directly to your employee’s accounts on a day that is agreed by you. There are many advantages to setting up a BACS facility with us such as:
- You no longer need to make payments via cheque, cash, or bank transfers and this will save you the time of administering these payments every month.
- Letting us process your BACS payments eliminates any need to manually key payments each period and therefore reduces the risk of keying errors.
- You will only see one single transaction on your bank records for each BACS transaction. A single transaction means that you will not need to reconcile multiple bank transactions.
- Your data is stored securely on our payroll software and transferred directly to the BACS payment system.
- All payments are subject to a rigorous checks and approvals to ensure that employees receive their payments accurately and on time.
As a registered BACS approved bureau, we can manage the BACS payment process for you if you have a UK bank account. Here is everything you need to know about how to set up a BACS facility:
- Get in contact your bank and request an “Indirect submitters form”.
- Provide the bank with our Bureau number (B20695)
- The application process usually takes around 8 weeks.
- Once the application is completed the bank will issue you with a SUN (service user number)
- Provide us with your Service user number to allow us set up the BACS facility.
Our payroll team will be able to provide you with support and guidance during the application process if you need it so, please reach out and ask for our help.