Setting up bank account in quickfile

[QFMathew]

With a limited company there are 2 main ways for you to get paid:

• PAYE (salary)
• Dividends

You can find out more about dividends here:

Dividend

Funds which are paid by a company to a shareholder or unit holder. The payment is made from accumulated profits and is dependent on the individual’s shareholding. Paying yourself through a Limited Company

You can also read about getting paid as a director in a blog post from our sister company, Company Wizard:

How do I pay myself as a director?

Unless the company is lending you the money, it should be done through one of the above methods rather than a transfer. However, I recommend double check with your accountant just to be sure that it’s recorded correctly, and works in your best interests too.