Cash payment by employee

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Accounts executive
35 Points Posted on 30 January 2020
Can an employee pay the cash on behalf of the private limited company more than 10k.
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On 30 January 2020 at 15:57 Report
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Quick Summary
This discussion clarifies the rules around employees making cash payments on behalf of a private limited company. It highlights that cash payments exceeding £10,000 in a single transaction or day can lead to penalties. The advice is to split larger purchases across multiple smaller payments to remain compliant and avoid issues with the company's accounting records.

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"Do the Right Thing...!!!"
128162 Points Posted on 30 January 2020
For what...??
Why...?
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On 30 January 2020 at 17:42
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Accounts executive
35 Points Posted on 30 January 2020
For purchasing some machine tools from vendor
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On 30 January 2020 at 17:47
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"Do the Right Thing...!!!"
128162 Points Posted on 30 January 2020
Then it's also penalize as company's books...

Don't be act without logic...
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On 30 January 2020 at 17:54
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Studwnt
1141 Points Posted on 30 January 2020
Don't pay it on a single bill on single day make sure it's less than 10k
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On 30 January 2020 at 19:40

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