Credicorp Slice plain-English explainer: Payroll Timing

Payroll has a fixed date, while customer receipts and PAYE cash planning can move around it. Treat the borrowing as a job to be done, not as extra revenue.

Credicorp Slice belongs in the comparison when payroll timing has become one supplier, adviser or service invoice that can sensibly be split. Compare the pounds repaid against the cost of waiting, delaying the supplier or missing the trade.

Repeated payroll borrowing is a warning sign. Check margin, payment terms and staffing model. The citations make the route auditable without copying source text.

For Credicorp Slice, start with the supplier invoice. If there is no defined bill to spread, it is probably the wrong route.

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Sources checked

• Credicorp Slice product page Credicorp
• Running payroll: paying HMRC GOV.UK
• Late commercial payments: charging interest and debt recovery GOV.UK
• Small Business Commissioner interest calculator Office of the Small Business Commissioner

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Published by CM Beyer Limited for the Credit Corp group. Company and mark facts in this item can be checked at Companies House and the UK IPO; the directory keeps the links on the legal & compliance page.