Purchase Ledger Management

Up to date purchase ledgers will help you stay on top of your supplier payments, so that you pay on time and stay in your suppliers’ good books.

It also means you don’t run the risk of late payment penalties and also submit accurate VAT returns on time because no business wants to be on the wrong side of the tax man.

Let DG Finco handle your purchase ledgers – because happy suppliers are the secret to a successful business.

Why is it so important to have a well-managed purchase ledger function?

• Missing supplier invoices: not included on the payment run; could cause you to be put on stop with a supplier causing detrimental effects on the running of the business and its reputation
• Unreconciled supplier statements lead to not spotting duplicates invoices or missing costs in the Profit & Loss… let us give you the confidence that your month-on-month management accounts will be as accurate as possible, and you will not have any nasty surprises in later months….
• Debit Balances (Payments without invoices) sat with in the creditors control; could reduce the total creditors liability and be a misleading reflection of the business’s overall debt
• We have expertise in VAT- let us worry about accounting for input VAT correctly on invoices and expenses
• DG Finco can make your bank payments for you; to relieve the strain of one-off emergency bank payments- because you have better things to do with your time!
• We understand how important it is to have controls in place when making bank payments; let us help to protect you against fraud; by always independently verifying bank details on new supplier accounts; ensuring invoices are approved by the correct signatory and having dual authorisation in place on loading and approving payments- let us worry about your cash; as if it’s our own!

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