AAT (Association of Accounting Technicians) is pleased to announce it has become the latest signatory to the Prompt Payment Code (PPC).
The code, administered by the Chartered Institute of Credit Management, was developed on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) with all signatories pledging to pay their suppliers on time, give clear guidance to suppliers, and encourage good practice. In addition, signatory companies undertake to pay suppliers within a maximum of 60 days and working towards adopting 30 days in normal circumstances, and avoiding practices that adversely affect the supply chain.
AAT has become a signatory as it recognises the benefits to its suppliers - many of whom are small businesses - of receiving prompt payment which helps them invest in their own future growth and pay their own outstanding bills.
For more information please contact:
Adam Harwood, Media Relations Manager
0207 367 1392
Jude Obi, Assistant Media Relations Manager
0207 397 3026
AAT (Association of Accounting Technicians) is the UK’s leading qualification and professional body for vocational accountants, with over 130,000 members around the world. We offer a range of qualifications that are open to all regardless of previous qualifications or age, such as the AAT Accounting qualifications that provide a non-degree route into chartered accountancy, and the AAT Bookkeeping qualifications that can support businesses with accurate and up-to-date financial records. Students encompass a wide range from school and college leavers undertaking apprenticeships, to older people hoping to change their career or learn the skills to run their own business.
- An AAT Accountant is a qualified accounting professional with the practical and technical skills needed to support businesses with their accounting activities. Typical job roles of an AAT Accountant include: Financial Accountant, Commercial Analyst, Senior Finance Officer, Payroll Manager, VAT Accountant and Tax Supervisor. An AAT Accountant can sign off the accounts for companies up to the audit threshold, where a company does not have a turnover more than £6.5 million and its balance sheet total is not more than £3.26 million. The majority of businesses within the UK do not meet this threshold so currently over half a million businesses trust AAT Accountants and AAT Bookkeepers to service their accounting requirements.
- AAT awards around 90% of all vocational qualifications in accounting in the UK.