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We are BACS accredited, which means that, with your approval, we are authorised to tell your bank what to pay your employees once we have calculated and received approval to complete your payroll.
That way, once we have finished processing your payroll, payment to your employees is automated so you do not have to worry about arranging the individual payments – reducing the risk of error and administration time.
BACS is operated by BACS Payment Schemes Limited and is a long-established system used by UK banks to directly move funds from one bank account to another in a fast, safe and secure way.
This method of payment processing is regulated by BACS through frequent, periodic audits and stringent regulatory requirements, so you have the peace of mind that your employees will be paid the right amount, on time, every time.
Why not ease the administrative burden on your business? Whether you use our Managed or Connect Payroll Service, you will enjoy the benefits of our BACS Accredited service.
One of the features you will want to look for in a payroll provider is whether they are BACS accredited, as this not only reduces the burden and stress that comes from arranging the individual payments to your staff but, more importantly, it gives you the assurance that payments to your staff are being made safely and securely.
Using IRS Payroll Services, as a BACS accredited payroll provider, means that you can benefit from our BACS processing service at no extra charge, to ensure payment of the net pay due to your staff is automated.
Most businesses use BACS as a means of making payments, so they will already have a Service User Number (SUN), but if not, your business will need to get this from your bank as part of a BACS approval application process. There is a charge to set up a SUN, which your bank will advise you about and a small charge for transactions processed via BACS.
If you provide us with your SUN, and after completing relevant authorisation forms, we can process the payments through our dedicated Bureau User Number (BUN). So, each pay period, once your payroll is processed and you have signed it off, this will initiate the BACS process that instructs your bank through our BUN to make payment to each of your employees for the net pay they are due, on the day it is payable. No delays – so your staff get paid on time, every time.
To find the best BACS accredited payroll solution for your business, take a look around our website, or contact us today.