If you need help to identify suppliers who have been paid by instalments or determine discounts which may have been accepted, our management accounts team can help by maintaining your creditors ledger. In doing so, we will supply you with aged creditor records on a regular basis. This will give you up-to-date information on monies owed to your suppliers and help you maintain good trading arrangements needed to obtain the vital supplies you need to service your customers.
We can also help with the production of remittance advice and their despatch to suppliers with payment. This will aid the purchasing process and focus your resources on the collection of discounts. As a result, you can improve your cash control and minimise the risk of disrupted supplies.