What it should include
- Payer name
- Payment date and amount
- Payment method (ACH, wire, check)
- List of invoice numbers and amounts being settled
- Any deductions (early-pay discount, credit notes applied)
PAYMENTS
Remittance Advice
DEFINITION
A remittance advice is a notification a buyer sends to a seller to confirm a payment has been made and to identify exactly which invoices it covers. It is essential for AR teams to apply incoming payments to the correct invoices, especially when one wire covers multiple bills.
Free tool
Automate your AR follow-ups
Generate a complete reminder schedule with email copy in 30 seconds.
Try the Reminder Schedule Builder