technology

Spreadsheets

A tool used in the finance department to automate calculations, generate charts/graphs, and create templates for financial statements.

Financial Software

Software like SAGE used to manage and process financial information, such as generating invoices, managing payroll, and completing tax returns.

BACS

An electronic system used to make secure and quick payments directly from one bank account to another, commonly used for staff wages and supplier payments.

EFTPOS

Electronic funds transfer point of sale, an electronic method of paying for goods through debit cards, credit cards, contactless payments, and mobile apps.

Online Banking

Conducting banking activities via the internet, allowing for instant fund transfers, reduced cash handling, and importing banking information into accounting software.

Databases

Used to organize large amounts of information on suppliers and customers in the finance department.