There may occasionally be a requirement to cash wages cheques etc. One current account is maintained with Bank of Ireland. Lodgements of cash and cheques are made regularly. Credit and laser card transactions are communicated electronically to the credit card company after close of business each day and then subsequently credited electronically to O'Dea's Hotel bank account. Two of the main suppliers are paid through a variable direct debit mandate set up by the hotel on their current account Suppliers O'Dea Hotel has a maximum of 25 suppliers.
All suppliers provide invoices for goods and services supplied.
The major nationwide suppliers such as Eircom, Calor Gas, ESB, Guinness Group and Murphy Group already show the euro equivalent on their invoices. Local suppliers such as the butcher and the disc jockey are still invoicing in Irish pounds only. All suppliers with the exception of Guinness and Murphy Groups are paid by cheque. There are four tills in use, two in the hotel bar and two in the disco bar. All of the tills are electronic but are not linked back to a central controller.