We are one week on from e-Day, 19th of September 2014, the date from which Government Departments, Local Authorities and State Agencies no longer use cheques in their dealings with businesses.
The particular focus of e-Day was to encourage SMEs to migrate from cheque usage as they are either issuers or receivers of more than 60% of all cheques in Ireland. A shift from cheques to electronic methods as the preferred method of payment will result in reduced costs and improved cash-flow for the overall business sector.
You can use Sage 50 to produce an electronic payment file which can be uploaded to your bank to pay suppliers. For further details contact James on (071) 91 46815. Don’t get left behind.