Doctors & GPs + Debt Management: The Challenge
As doctor, preparing bank statements for debt management is a common but time-consuming task. Debt management advisors and IVA supervisors need detailed analysis of a debtor's bank statements to assess income, essential spending, and disposable income.
How BankScan AI Helps Doctors & GPs with Debt Management
Automate bank statement conversion for your practice accounts so your accountant can quickly reconcile NHS payments and private income. For debt management specifically, BankScan AI extracts Net income from all sources, essential living costs (housing, utilities, food, t automatically.
How Doctors & GPs Handle Debt Management
When preparing bank statements for debt management, doctors & gps need to GP practices receive Global Sum payments from NHS England, enhanced service payments, QOF achievement payments, and private income. Practice managers . BankScan AI automates the data extraction step.
Key terms you'll encounter: Global Sum, QOF payments, partner drawings, PCSE schedule.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 3-6 months of recent statements to establish a reliable income and expenditure pattern for the proposal of statements for debt management.
AI extracts what you need
Our AI extracts Net income from all sources, essential living costs (housing — formatted for doctors & gps workflows.
Complete your debt management work
Download Excel files ready for debt management. Income and expenditure categorised according to the Standard Financial Statement (SFS) format used across the UK debt advice sector
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Doctors & GPs — Debt Management
- Built for Doctors & GPs — Saves the practice manager 3-4 hours per month on NHS payment reconciliation and partner drawings tracking
- Software compatible — Output works directly with Sage, Xero, IRIS GP Accounts
- Built for Debt Management — Convert bank statements to Excel to quickly categorise income and expenditure, calculate disposable income, and prepare debt management or IVA proposals.
- Key data extracted — Net income from all sources, essential living costs (housing, utilities, food, transport), non-essential spending to reduce, existing debt repayments, disposable income calculation
Compliance: Doctors & GPs + Debt Management
When doctors & gps prepare bank statements for debt management, specific compliance requirements apply.
- NHS GP contracts require accurate financial reporting to PCNs and ICBs. Partnership agreements dictate profit-sharing arrangements that depend on accurate bank reconciliation. CQC financial governance standards apply, and superannuation contributions must be correctly calculated from practice income.
- Legal basis: Insolvency Act 1986 Part VIII (Individual Voluntary Arrangements); FCA CONC 8 (debt counselling, debt adjusting, and debt administration)
Debt Management — Built for Doctors & GPs
IVA proposals must be sent to creditors within 14 days of the nominee's report; debt management plans need quick setup to stop creditor action and interest accrual
Try Free — Doctors & GPs + Debt Management