Payment of Invoices
Hertfordshire County Council recognises the importance of cash flow to all companies, especially small firms and has a clear policy to pay bills in accordance with the terms of the contract. The main way we pay our suppliers is through BACS (Bank Automated Clearing System) and at the same time we will email you the remittance advice. Supplier Payments are processed every day by BACS and funds will be available in the suppliers own bank accounts in 4 days.
The benefits to you are:
- Payment is made directly into your account
- You spend less time handling and banking than if paid by cheque
- You do not need to make a trip to the bank
- You do not need to wait for the cheque to be cleared
- Prompt payment means that you can use the money straight away as "cleared funds"
- If paid into an interest bearing account it also means that you are earning interest earlier
- The money transfer is secure. With a cheque there is always a risk that this may go missing
Our standard payment terms are 30 days from the date the payment is due, on receipt of a correct invoice.
For more details contact - supplier.manager@hertscc.gov.uk
Remittance Advice Notes
We recommend that you create a generic email address so that a number of people in your organisation can view it eg accounts @ acompany.co.uk rather than use an individual account.
Please email your information to supplier.manager@hertscc.gov.uk
The remittance advice notes are produced in a .pdf file. To read this you need to have Adobe Acrobat Reader© installed on your computer. This can be downloaded free from Adobe by clicking on the link below.
If you have a query about the detail contained with the remittance advice note, please contact our accounts department on 01992 555338 quoting your vendor reference number.
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