Cash

[John Benton]

I do use a business account to which charges are applied, I suppose a current account would be free. Not sure how you would get round having a personal account with a business name though to avoid charges

 

[White Room]

I'm just trading as and use my current account as my name not trading as.

 

[John Benton]

I'm just trading as and use my current account as my name not trading as.

So no charges at all?

 

[White Room]

So no charges at all?

That's right no charges, did speak to my accountant about it and he just said stick with your currant account.

 

[Andy Allen]

Must admit get Really peed off with the banks excessive charges on a business account....seems you get charged for anything and everything!!

 

[Kyle Knowles]

I'm just trading as and use my current account as my name not trading as.

Same as

 

[Andy Allen]

Been thinking about switching myself to be honest ...

 

[John Benton]

Must admit get Really peed off with the banks excessive charges on a business account....seems you get charged for anything and everything!!

TBF most customers pay by transfer and very few with cash so costs are minimal.

 

[John Benton]

Been thinking about switching myself to be honest ...

From business to personal Andy?

 

[Andy Allen]

TBF most customers pay by transfer and very few with cash so costs are minimal.

Got any direct to debits going out each month?

 

[One Day]

I'm just trading as and use my current account as my name not trading as.

Me too.
I only bank about 2 invoices a month at the most.
Why pay crazy charges just to use my trading name on an account, with no other benefits?!

 

[Andy Allen]

From business to personal Andy?

Yes.....
like you most pay bank Transfer , the odd cheque....but still seem to get charged about £15 a month for some reason

 

[White Room]

I did find though that some customers ask, if paying by cheque, what name do I write on it and I say my name.

One did write my trading name which got a bit arkward when producing it to the bank.

 

[One Day]

Bank transfer is definitely the easiest way though. Can't beat it.

 

[Flintstone]

I just use my personal account and have always done so, why change ?

 

[Flintstone]

No fees for anythng

 

[lmkitchens]

Using your personal account can be a PITA if you ever get investigated as they will want to know what every little transaction is.

I personally have a business account, I pay charges on cash paid in over £1000 only. I have a monthly bank fee, all charges go against your tax bill so why worry?

I keep mine separate and just pay my wages over weekly by direct debit, keeps things simple especially when doing book work.

 

[White Room]

If you have a business account and a current account does both accounts get checked by an accountant ?

 

[lmkitchens]

No because my current account is my personal account, only my wages go in there. Which are DD from my business account.

 

[White Room]

No because my current account is my personal account, only my wages go in there. Which are DD from my business account.

The reason I ask is I know plumber who pays to have both accounts pawed over by his accountant.

 

[John Benton]

My plumber just has one account with his and his wife's name and they both have access to it, they pay for shopping etc out of one account, no idea how long it takes to reconcile everything.

Business account for business and personal for myself, and I intend to keep it that way.

 

[lmkitchens]

You should only need to do that if your are a plumber AKA ropey as fu*k LOL

 

[mma]

Separate current account for business. No issues, no fees!

 

[Flintstone]

It's very simple for me using my current account, any more that goes in is money I have earnt, anything I want to claim for I have a receipt for.

 

[J Sid]

Same as

same as, same as