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📋 Accounts Payable & Receivable

Accounts Payable & Receivable UK —
Know What You Owe & What You’re Owed

Complete accounts payable and receivable management — tracking every customer invoice, every supplier bill, overdue payment alerts and accurate debtor and creditor ledgers maintained at all times. Never lose a pound to late payment again.

✓ Debtor Tracking ✓ Creditor Management ✓ Overdue Alerts ✓ Cash Flow Protection ✓ ACCA Qualified
📋 Debtor & creditor ledger management
🔔 Overdue payment alerts
💧 Cash flow protection
📊 Aged debtor & creditor reports
⚡ Real-time visibility via client portal
What It Is

Accounts Payable & Receivable — What’s the Difference?

Accounts receivable is money owed to you by your customers. Accounts payable is money you owe to your suppliers. Managing both accurately is critical to your cash flow — and poor management of either is one of the most common reasons UK businesses fail.

Accounts Receivable (debtors) — every sales invoice you raise needs to be tracked from issue to payment. We monitor every outstanding invoice, flag overdue accounts, prepare aged debtor reports and alert you when chasing is needed — so you never have to wonder who owes you money or how long it’s been outstanding.

Accounts Payable (creditors) — every supplier bill needs to be recorded, approved and paid on time. We process all purchase invoices, maintain your creditor ledger, track payment due dates and ensure your supplier relationships are protected by prompt, accurate payment.

Together, accurate AP/AR management gives you real-time visibility of your working capital — what’s coming in, what needs to go out, and exactly where you stand at any point in the month.

✅ What’s Included

  • Sales invoice processing & tracking
  • Aged debtor report (monthly)
  • Overdue invoice alerts
  • Credit control support
  • Purchase invoice processing
  • Creditor ledger maintenance
  • Supplier payment scheduling
  • Aged creditor report (monthly)
  • Duplicate invoice checks
  • Supplier statement reconciliation
  • Working capital visibility
Key Facts

Late Payment — The UK Reality

£23bn
Lost annually by UK SMEs through late payment — FSB 2024
30 days
Standard UK payment terms — 8% statutory interest applies if late
50%
Of UK SME failures linked to cash flow — often preventable
Frequently Asked Questions

AP & AR Management — Common Questions

What is the difference between accounts payable and accounts receivable?

Accounts receivable (AR) is money owed to your business by customers — sales invoices you’ve raised that haven’t been paid yet. Accounts payable (AP) is money your business owes to suppliers — purchase invoices you’ve received that need to be paid. Both need to be accurately tracked and managed to protect your cash flow.

Can I charge interest on overdue invoices in the UK?

Yes — under the Late Payment of Commercial Debts Act 1998, you are entitled to charge statutory interest of 8% above the Bank of England base rate on overdue business-to-business invoices after 30 days. You can also claim fixed debt recovery costs. We can advise you on enforcing these rights and help you set up payment terms that protect you.

How often will I receive aged debtor reports?

We produce aged debtor and creditor reports monthly as standard — showing you exactly who owes you money, for how long, and which suppliers you owe. For businesses with high invoice volumes or cash flow concerns, we can produce weekly reports via your client portal.

Do you provide credit control services?

We provide credit control support — monitoring overdue invoices, sending payment reminder letters and escalation notices and alerting you to accounts that may need legal action. For full credit control and debt chasing, we work alongside specialist credit control firms we can introduce you to.

How does AP/AR management help my cash flow?

Accurate AP/AR management gives you real-time visibility of your working capital — you always know how much is owed to you, when it’s due, how much you owe and when payments need to go out. This allows you to manage your cash flow proactively, avoiding the shortfalls that catch businesses off guard.

AP & AR Specialists

Never Lose Money to Late Payment Again

Book a free consultation and we’ll set up your accounts payable and receivable management — real-time visibility of every penny owed and owing.

Who It’s For

Which Businesses Need This Service?

🏗️

Construction & Project Businesses

High-value project invoices with staged payments, retention clauses and subcontractor bills require meticulous AP/AR management to protect cash flow.

🛒

Wholesalers & Product Businesses

High supplier volumes, credit accounts and large customer orders make AP/AR management essential — particularly for managing working capital during growth.

💼

Professional Services Firms

Consultancies and agencies billing multiple clients on project milestones need robust AR tracking to ensure every deliverable is invoiced and every invoice is collected on time.

🏥

Healthcare & Care Businesses

NHS and local authority contracts with long payment cycles require careful debtor management and cash flow planning to bridge the gap between service delivery and payment.

Common Mistakes

4 Mistakes That Cost UK Businesses Thousands

❌ Not chasing overdue invoices promptly

Waiting too long to chase late payment significantly reduces your chances of recovery. After 90 days, the probability of collecting a UK B2B debt drops sharply. We alert you to overdue invoices from day 31 so you can act early.

❌ Not issuing invoices promptly

Every day between delivery and invoice is a day added to your debtor days. Delayed invoicing is one of the most common causes of cash flow problems — particularly for service businesses that complete work before billing.

❌ Not matching supplier invoices to purchase orders

Without a purchase order matching process, duplicate invoices and fraudulent supplier invoices go undetected. We implement three-way matching — PO to GRN to invoice — for clients with significant purchase volumes.

❌ Paying suppliers too early

Paying supplier invoices before they’re due gives suppliers free use of your cash. We schedule supplier payments to fall on or just before the due date — preserving your cash position while maintaining supplier relationships.

Transparent Pricing

AP & AR Management — Fixed Fee, No Surprises

All Britvex fees are fixed and agreed upfront before we start. No hourly rates, no per-transaction charges, no surprise invoices. The fee you’re quoted is the fee you pay — every month.

Our pricing is based on transaction volume, business complexity and the services included. Book a free 30-minute consultation and we’ll provide an exact fixed-fee quote for your specific business — typically within 24 hours. Most clients tell us our fees are lower than their previous accountant while providing significantly more service.

📞 Get Your Free Quote →
Related Services

Complete Your Accountancy Package

📚
Monthly Bookkeeping
Full monthly bookkeeping service — AP/AR tracking included. Learn more →
💧
Cash Flow Forecasting
Turn your AR data into accurate cash flow projections. Learn more →
📈
Management Accounts
Monthly aged debtor and creditor reports as part of management accounts. Learn more →