Payroll holding account

Anyone know a way to make net payments from payroll to a holding account rather than triggering an entry into the bank account.
The reason is to a) keep back some cash for company business b) pay amounts
as/when needed
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Many companies use a separate impress payroll checking account.

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Acutally I answered my own question: create bank account, make payments for net PAYE to that Actual transfers make between current and that a/c and of course document the procedur

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Pay your payroll from a separate bank account. If you bank can do a ZeroBased Account this is what you want. As payroll checks come through, clearing through the payroll account, the bank transfers only enough money from your operating account to cover them, keeping the payroll account at zero balance. If you earn interest on the operating account you will continue to draw interest on money until it is absolutely needed to cover a payroll check. TK
David Wood wrote:

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wrote:

Your solution will not achieve (a) or (b) any more than having one bank account.
--
Peter Saxton from London
snipped-for-privacy@petersaxton.co.uk
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