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BACS Payments

13/10/2016

 
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  • Correspondence
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​What?

​Unfortunately, we cannot accept on-the-night cash payments – we can only accept BACS transfers. This is due to various security and legal requirements. We've seen it occur in the past that cash payments go missing in part or entirely, and it is more difficult to ensure that they are adequately accounted for in our books for tax/accounting purposes.

Please note however that the payment can be made within 14 days of the event at your earliest convenience. We issue invoices with bank details. I hope you enjoy the band and I look forward to hearing how it goes, and receiving the payment following the event.

Why?

Unfortunately, we don’t take on-the-night cash payments - would have to be a BACS transfer. There are several reasons why we do this:
​
  1. We’re a limited company so it has to all go through accounts and be accounted for properly.
  2. Aesthetically, dealing with cash on the night would disrupt the performance, and interrupt the flow of the evening.
  3. Logistically, it’s complicated because the musicians are paid differently according to what sort of retainer they’re on, where they’re travelling from and by what means, how many rehearsals they’ve attended and a number of other factors such as whether they’re driving or providing sound/lighting facilities.
  4. It’s a risky, insecure method of payment and we have experienced incidents such as the loss of cash on the night. The manager is not necessarily present at the performance and it’s not the producer’s job to dish out money.

However, the payment can be made within 14 days of the event at your convenience. We issue invoices with bank details. I hope you enjoy the band and I look forward to hearing how it goes, and receiving the payment promptly following the event.
From: Red & Black Music
Subject: Re: Dispersion Pequeña, 27th April
Date: 7 May 2013 at 10:44:06 BST
To: K
Hi K,
Thanks for this. Just to confirm that I've received the payment. Receipt attached -
Thanks again, best wishes
Rory

On 5 May 2013, at 20:18, K wrote:
Hi Rory,
Please find attached a scanned receipt from the online transaction today with my bank Intelligent Finance, a subsidiary of Halifax. It will take effect on the first banking day, i.e. Tuesday, and should show in your account on Tuesday or Wednesday.
Once again my sincere apologies for the delay.
Best wishes
K

On 5 May 2013 19:26, Red & Black Music wrote:
OK, no problem. I look forward to receiving.
Thanks,
Rory

On 5 May 2013, at 12:04, K wrote:
Bloody exhusband. Will do a transfer today. So sorry!!!!

On 5 May 2013, at 09:42, Red & Black Finance wrote:
Hi K,
I'm very sorry but the cheque has been rejected for some reason. I've posted the cheque back to you together with the return letter from HSBC + pay-in receipt. These should reach you by Tuesday.
When you receive these, would you be able to make a BACS (online) payment? I've attached an invoice with our bank details (I've enclosed a hard copy in the post).
I'll send you a receipt once the BACS payment has gone through.
Thanks so much for your cooperation.
Cheers
Rory

On 30 Apr 2013, at 13:11, Red & Black Music wrote:
Hi K
Thank you so much for this kind feedback, as much appreciated. Thanks also for your part in organising such a fabulous party - I can heartily say on behalf of all of the band members that we all really enjoyed playing for you & your guests. There was a friendly vibe and a real sense of community / solidarity, and especially heartwarming for me as I care so much about the local area. It was a fantastic evening, so well done and congratulations for putting it together!
I'll report back accordingly to CK. Cheque has gone in today - thanks very much.
I really hope that we can keep in touch, and please do pop by and say hello if you are in the next door neighbourhood / Wandsworth Road area!
Best wishes
Rory
Ps - attached are a couple of photos. Hope you enjoy!

Comments are closed.

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    Red & Black Music was set up in 2012 to stop musicians cancelling.

    This blog has been running since 2009 for the purpose of preserving the lessons learned in music management and committing them to account. It transparently documents the internal struggles of running bands, managing relationships and dealing with people; evidencing breaches of communication and accountability both on the artist side and the client side, in an open access format.

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    At Red & Black Music, we believe in accountability = learning from experience. This blog serves as a record of challenges we’ve faced and how we’ve worked to resolve them. By sharing this, we aim to demonstrate our commitment to professionalism, problem-solving, and continuous improvement.

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