Limited company payment

[tdb carpentry ltd]

Hi I recently started a limited company and the y paid me into my personal account is that the norm ....?

[Pondlife]

Hi I recently started a limited company and the y paid me into my personal account is that the norm ....?

No.

[mudskipper]

Hi I recently started a limited company and the y paid me into my personal account is that the norm ....?

No. You must have given "them" the account details, or how would they know where to pay?

[ASB]

I expect you gave them the sort code and account number to pay to ???

Just transfer the amount from you personal account to you ltd co account and notify them of the correct details for the future.

edit: SNAP. I win.

[pr1]

Hi I recently started a limited company and the y paid me into my personal account is that the norm ....?

I expect they've paid you into wherever you asked them to pay you
(who's "they"?)

edit... double snap

[fuzzypenguin]

Hi I recently started a limited company and the y paid me into my personal account is that the norm ....?

Do you mean you are contracting through an agency / going direct and they have paid directly into your personal account instead of your LTD account? If so, no that's not norm. You must have given them the wrong details. Just update them and speak to your accountant about how to resolve it. Maybe it is just a case of transferring the amount from your personal account into your business account so all income matches invoices? But then that sounds too simple.

[northernladuk]

Have you asked the agency? It seems pretty straight forward as the only way they can pay it in to your personal account is if they had the details.....

I assume you'll be contacting your accountant about what to do with the payment and how to account for it properly?

[tdb carpentry ltd]

Basically they've been paying me into my personal account for nearly two yrs
And yes they have my company detail I've account details...too late to put it back into business acc,Mrs has spent it lol

[tdb carpentry ltd]

But thanks for the info anyway 🤑

[DallasDad]

Hi I recently started a limited company and I have discovered I can keep all the money by diverting it straight to my personal current account is that the norm ....?

FTFY