With 2020 soon to be a distant memory, thoughts are inevitably turning towards how to make the most out of 2021. To help you achieve your new year cash flow goals, we have shared the Bacs processing calendar for 2021 below.
Learn when non-input and non-processing days fall throughout the year so that you can plan your collections in advance, minimising disruption to you, your customers and that all important cash flow. Tired of chasing payments and extra admin? Don’t worry – we’ll also cover how FastPay can automate your entire Bacs payments process so that you get paid on time, every time.
What is a Bacs processing calendar?
Bacs, or the Bacs Payments Scheme Limited, recently published their processing calendar for 2021. The calendar is an invaluable tool which shows the dates Bacs will, and will not, accept Direct Debit submissions.
Available in pdf format, the processing calendar can be downloaded directly from the Bacs website. We have also reproduced it below for our customers:
Christmas and New Year processing dates
Christmas and New Year dates require extra attention as upcoming festivities lead to additional non-processing days.
It’s important that you are aware of these dates otherwise funds may not be available for transfer – this is true whether you are collecting payments or making payments in the case of staff wages or suppliers. Use the Bacs payment calendar to plan in advance around these festive dates.
Refresh your knowledge of Direct Credits payments with the help of our handy guide.
Let FastPay take control of your Bacs payments
At FastPay, we take the Bacs processing calendar into account so that you don’t have to. Whilst it is still useful to be aware of non-processing days that may affect your payment schedule, instruct FastPay to look after your bacs payments to automate your payments process.
As a Bacs approved bureau and Bacs affiliate, we manage and run Direct Debit schemes for businesses, clubs, organisations and charities of all sizes. We pride ourselves on offering a professional and hassle free direct debit service.
But don’t just take our word for it – Time Associates reached out to the FastPay team to tackle aged debtors. They describe the service as “first class” and now enjoy a better business relationship with their clients as a result of outsourcing to FastPay. The Dagenham business stated:
The key advantage however is that it enables us to deal with our clients about the work we do rather than discussing money and this massively improves the business relationship.
Want to improve your cash flow like Time Associates?
Call 0161 737 5290 to speak with a FastPay Direct Debit advisor.
Alternatively, you can request more information about our Bacs payment services or request a quote, simply complete this quick contact form.
Learn more about the exceptional customer service provided by our direct debit company.