Plan ahead to avoid Easter payment delays

Small businesses should start planning now to maximise profits over the Easter period and avoid payment delays.

Businesses must plan ahead to avoid payment delays to staff and suppliers over the Easter Bank Holiday weekend, says Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit.

With Good Friday and Easter Monday classed as public holidays and therefore non-processing days, payments must be scheduled to take that into account.

Mike Hutchinson from Bacs says, ‘Easter is fast approaching and we don’t want businesses to be caught out with important payments being delayed because payment files have not been submitted taking those bank holidays into account. Planning ahead is essential if staff and suppliers are to be paid, and customer payments collected, on time.

‘Payment files can be submitted up to 30 days in advance and a helpful processing calendar is available from our website which gives details of all the processing dates around public holidays for the rest of the year.’

Further reading on payment delays

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