SEPA is here – 6 things you should know as a business

Simon Bell

August 1st 2014 marked the passing of the final (and extended) deadline for the implementation of SEPA across the Eurozone countries. Despite some challenges with regards to adoption rates, leading to the extension of the compliance deadline from February 1st 2014 to various dates up to August 1st 2014 across different Eurozone jurisdictions, it should […]

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Simon Bell, Commercial Manager, Sage Ireland, comments on 31st March SEPA extension date confirmed today by IPSO

IXBRL and Accountants

“Following the recent announcement from the European Commission proposing a six-month grace period for SEPA implementation (from 1st February until 1st August), it was yet to be determined how this proposal would be implemented at a national level. The Irish Payment Services Organisation (IPSO) has today confirmed that the grace period will last two months […]

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Sage Ireland comments on SEPA announcement “The situation is still crystalising and it remains to be seen how this proposal will be implemented at a national level. Businesses should continue to work to the legal deadline of 1st February”

SEPA

Sage would advise that businesses continue to work towards the 1st February deadline to avoid the risk of a shutdown of payments in and out of their companies after this date. In early December, ISME reported that 73% of SMEs have started the implementation process.

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Taking the Pain Out of Multi-Currency Transactions

Multi Currency

More than ever, companies are sourcing materials and products from different countries in order to remain cost effective and competitive. With the correct functionality, you can reduce the stumbling blocks and manual processes when it comes to generating sales and purchase orders in different currencies. Multi-currency transactions can incur foreign exchange gains or losses. How […]

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