QuickBooks Online

Software that automates the supplier-invoice side of the ledger: capture of incoming supplier invoices, auto-coding to nominal and VAT, approval workflow, and payment posting. Distinct from expense management, which handles employee-initiated spend.

An automated daily connection between an Irish business bank account and accounting software, removing CSV uploads. Modern feeds run over PSD2 Open Banking APIs; older feeds use Yodlee or Plaid screen-scraping.

EU regulatory framework that lets authorised third parties access bank account data (AIS) and initiate payments (PIS) on the customer's behalf. The basis for live bank feeds and payment-initiation tools.

The PSD2-mandated regime under which Irish banks expose regulated APIs that authorised third-party providers (TPPs) can use to read account data (AIS) or initiate payments (PIS) on a customer's consent.

The EU directive governing payment services and payment service providers across the EEA. Transposed into Irish law by SI 6/2018 (European Union (Payment Services) Regulations 2018). Created the open banking and Strong Customer Authentication regimes.

Software that ingests a photographed, emailed or scanned receipt and uses optical character recognition to extract structured fields - supplier, date, net, VAT rate, VAT amount, currency - so the receipt can be posted to accounting software without manual keying.

Vendors.ie term for the integrated four-layer workflow that moves an Irish SME from a business spend transaction to a Revenue-compliant VAT reclaim line without manual data entry: card or bank feed, receipt capture, VAT extraction, and accounting integration.

The periodic VAT return filed with Revenue via ROS. Most Irish businesses file bi-monthly; small traders can apply for four-monthly or annual filing. An annual Return of Trading Details (RTD) accompanies the final period.