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Grace2015


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Company name on invoice?
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Hi All

I have an invoice from a supplier . but when I arrange payment, I notice that the supplier's bank detail is another company name which is different from the name on the invoice. 

is it normal practice?

 

Thanks in advance!



-- Edited by Grace2015 on Friday 25th of December 2015 10:10:08 PM

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Grace
Cheshire


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How are you able to check what account name is on their Bank account?

Has the company changed names (check co house), or is it a trading name?

If it's a completed unrelated company then it could be attempt at fraud or money laundering.

Query it as you need to find out more.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Grace2015


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Cheshire wrote:

How are you able to check what account name is on their Bank account?

Has the company changed names (check co house) or is it a trading name ?

If it's a completed unrelated company then it could be attempt at fraud or money laundering.

Query it as you need to find out more.

 How are you able to check what account name is on their Bank account?

I have received a email showing the bank details with different account name 

 

Has the company changed names (check co house) or is it a trading name ?

No , the company has not change names . the company on the invoice is its trading name.

 

If it's a completed unrelated company then it could be attempt at fraud or money laundering. 

i think that it is related company. but why can the supplier just give me different account name for payment .(  not the company trading name)

 

 



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Grace
Cheshire


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The invoice should be from the supplier of the product or service and the payment of that invoice should be to a Bank account in the same name. You will need to go back to the and ask for correct Bank details.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Leger


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Grace2015 wrote:
How are you able to check what account name is on their Bank account?

I have received a email showing the bank details with different account name 

 Grace, I would ring the supplier on a recognised number (not from the email) and confirm the details.

there is a scam operating where emails are intercepted and bank details changed, or an email issued regarding a change of bank details.

http://www.theukcardsassociation.org.uk/news/invoice-fraud2013.asp

 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Amanda


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Joanne,
On a completely different note I made that cake for Christmas day it looked great! Yours looks great too!

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Amanda
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