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Post Info TOPIC: Supplier Payment
joannek3009


Newbie

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Supplier Payment
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We have received a supplier invoice from a Limited company, however they are requesting payments to be made to the bank account of the Director.

It is a new company, incorporated in January.

I'm pretty sure this should not happen as there won't be any evidence of our payment in their company accounts and possible tax implications but does anyone have any advice?

Many Thanks



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Peaman


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Contrary to popular belief it is not a legal requirement for a company to have a bank account in the company name.

They probably just haven't managed to open a bank account for the company yet.

I don't see this as a problem for you as you have the supplier invoice and the proof of payment from your bank account.

How they deal with the receipt is frankly their problem!

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Richard 
joannek3009


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Date:
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Thank you for your response. I shall just process as normal.

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