Clearing House - a cost effective and convenient way to pay your suppliers

“in our opinion the bssa clearing house system is cost effective, time saving, quick and efficient, simple in operation, with queries speedily and courteously dealt with. A trouble free system.”

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What is the Clearing House and how does it work?

The Clearing House is a service allowing members to pay all their suppliers with one cheque. Each month all you need to do is simply list the amount to be paid to each supplier on a schedule, total the schedule and send it to us together with a cheque and any supporting remittance advices or statements. It’s as easy as that! Our staff will take over from there ensuring that all your suppliers are paid on time to meet any appropriate discount terms.

Choice of clearance dates

There are three clearance dates - the 12th, 19th and month end. Users have plenty of flexibility in meeting supplier settlement deadlines, as they can utilise one, two or all three clearances each month. A separate schedule and cheque is required for each clearance.

What will it cost me?

Just £5 per month which is paid quarterly on your schedule. This charge covers you for using all three clearances each month should you so wish. You can budget to pay your suppliers for the sum of £60 per annum.

I’m really interested, what should I do now?

Simply telephone the Clearing House on 01295 713344 and one of our members of staff will be happy to give you further information or send you a joining pack.

Use of the Clearing House is restricted to Members of bssa - telephone 01295 713333 for further membership details.

Why should I use it?

Think of the time it takes you to pay your suppliers each month. Can you really afford to ignore a service that allows you to do this in a more cost effective way?
Have you ever considered what it costs to pay your suppliers in terms of bank charges, stationery, and postage. As a member paying 30 suppliers a month you could make savings on these costs of £130.00 per year, £271.00 per year if you are not already receiving our competitive HSBC banking rates.
Suppliers are assured of regular payment dates and the convenience of receiving consolidated payments.
The regular payment dates can aid cash flow, budgeting and even help you negotiate better discounts from your suppliers.