Reply to: Mistakenly entered net wages instead of dividends in payment reference

[northernladuk]

Mate, I enjoy your posts, but when you use that particular phrase it is going to colour how the other questions are read.

Fair enough

It would be possible for MyCo to make the same mistake he did (not that we ever have, but we've done similar). It's really largely dependent on the interface your bank gives you whether you could make the same mistake or not. It has nothing to do with having an accountant, unless your accountant actually makes the payments for you, in which case the initials "MSC" might be of interest to you.

I know that. But the accountant should be advising on him the best way to pay himself and if he makes a mistake they are there for him to ask.

Anyway, thread has turned to tulip over nothing so I'm done with it.

[WordIsBond]

That particular phrase might not but the 4 other questions I asked in the same post kind of indicates I am.

Mate, I enjoy your posts, but when you use that particular phrase it is going to colour how the other questions are read.

It would be possible for MyCo to make the same mistake he did (not that we ever have, but we've done similar). It's really largely dependent on the interface your bank gives you whether you could make the same mistake or not. It has nothing to do with having an accountant, unless your accountant actually makes the payments for you, in which case the initials "MSC" might be of interest to you.

[northernladuk]

Suggesting that something "doesn't smell right" is not looking for a better way to do things. But you go ahead and convince yourself that it does if it makes you feel better.

And on that note, I'm off.

That particular phrase might not but the 4 other questions I asked in the same post kind of indicates I am.

Why did you need to fill that field in? Doesn't your bank have set payments that you can just use again? I have one for expenses, pay and Dividends. All go to the same account but have split them up to be clear. All I do is pick the one option I want to use and select pay now. Don't have to enter anything in to fields?

Why don't you use standing order for pay so don't need to fill it in?

Something doesn't smell right here. Do you use and accountant as well?

Really useful thanks.

[TheFaQQer]

Stop being a moron TF. It doesn't suit you.

I'm trying to find out if there is a better way he can do this. If you want to have a pop at me rather than help the OP then fill your boots. I'm fine with it.

Suggesting that something "doesn't smell right" is not looking for a better way to do things. But you go ahead and convince yourself that it does if it makes you feel better.

And on that note, I'm off.

[northernladuk]

Ah, I see now wher you're coming from. It's not dodgy but because not everyone works the way that you do, and possibly even uses a different bank from you, it must be not right.

I'd forgotten that there's only one way to do these things and anything that differs from the way that you do things is wrong.

Stop being a moron TF. It doesn't suit you.

I'm trying to find out if there is a better way he can do this. If you want to have a pop at me rather than help the OP then fill your boots. I'm fine with it.

[TheFaQQer]

And? Does something not being right mean it's dodgy?

Ah, I see now wher you're coming from. It's not dodgy but because not everyone works the way that you do, and possibly even uses a different bank from you, it must be not right.

I'd forgotten that there's only one way to do these things and anything that differs from the way that you do things is wrong.

[northernladuk]

You can't accidentally pick the wrong one from the list?

Do you expense the tin foil for that hat, or did your accountant say it had duality of purpose?

That's different. I said I can't do what the OP did.

[northernladuk]

Really?

And? Does something not being right mean it's dodgy?

But keep going. It's quiet today so it passes the time.

[TheFaQQer]

I suggest something could be better about the processes he is following to achieve his end, not that there is anything dodgy.

Really?

Something doesn't smell right here.

[TheFaQQer]

Not at all. The OP has made a mistake doing something I can't even do with my set up.

You can't accidentally pick the wrong one from the list?

Do you expense the tin foil for that hat, or did your accountant say it had duality of purpose?

[northernladuk]

Talk about an over-reaction!

Not at all. The OP has made a mistake doing something I can't even do with my set up. He's got his answer but he doesn't have a solution. We don't know exactly what is happening but if he's doing a manual system that's open to mistakes such as this, let alone his RTI timings and other things there has to be a better way. He should also be passing little nuggets like this through his accountant. I think it's fair to ask if he's got an accountant because that could explain why he might be doing something wrong. If he's getting this wrong what else is he getting wrong and doesn't know it without an accountant. It's a fair question I think.

I suggest something could be better about the processes he is following to achieve his end, not that there is anything dodgy. Getting the right answer to a wrong process isn't the best advice for the OP.

[radish2008]

Talk about an over-reaction!

Have to agree. My bank transfers for dividends are just that, transfers - I account for them as dividends and I would think that is all Hector cares about.

[craigy1874]

Something doesn't smell right here. Do you use and accountant as well?

Talk about an over-reaction!

[TheFaQQer]

If the OP isn't using standing orders to make the payment, their bank may prevent them from having more than one payment description per payee.

Or if you're using a mobile device, some banks truncate the display name when picking from the list of payments.

[northernladuk]

If the OP isn't using standing orders to make the payment, their bank may prevent them from having more than one payment description per payee.

But he can change it manually? Seems a bit of a poor system if that's the case.