The Exchequer Department is responsible for:

Payroll

• Payment of salaries of all Trust employees correctly and on time
• Respond to pay and pension scheme related queries from staff
• Perform statutory responsibilities regarding the provision of information to Government Departments e.g. Inland Revenue
• Arrange deductions from salaries at the request of employees or Court
• Provide statistics and ad-hoc reports to management regarding payroll/sickness issues
• Payment of travel and subsistence claims
• Implementation of the Agenda for Change and Electronic Staff Record Systems

Accounts Payable Section

• Process invoices to payment to Trust suppliers, comply with the CBI prompt payment code by paying suppliers within 30 days of receipt of goods or a valid invoice
• Maintain creditors database, periodical payments register and records for tax returns
• Provide information required by the Inland Revenue for inclusion on P11D's (Benefits in Kind)
• Liaison with the Treasury Office to provide payment information to enable the effective management of cash

Treasury and Losses

• Manage the Trust's cash flow balance
• Ensure timely repayment of both principal and interest of Public Dividend Capital (PDC)
• Monitor External Finance Limit (EFL) against target and produce relevant reports
• Prepare and submit monthly VAT returns to Customs and Excise
• Act as an advisor and contact for insurance issues
• Manage losses and special payments register and produce quarterly reports for Trust managers

Accounts Receivable Section

• Raise debtor invoices on the receipt of invoice requisition forms
• Follow up and produce weekly list of outstanding debts that have owed for 28, 42 and 49 days, send reminders to such debtors
• Reconciliation of various accounts and cashbooks
• Completion and submission of P11D's to Inland Revenue