separate account for your business finances. If you are setting up as a sole trader or self-employed there is no legal requirement to have a separate business bank account, but it can be useful if you want to keep track of your incomings and outgoings quickly and easily, and for tax ...
Set up an address book record for the special payee. Set up a bank account record for the special payee. You cannot issue payment to the special payee using the automatic payment process unless bank account information exists for the special payee. 4.4.3 Forms Used to Set Up Special Payees...