also if you can explain it a bit in regards to banking and finance
2006-12-07 23:49:27 · 7 answers · asked by Trojan 2 in Business & Finance ➔ Credit
a document accompanying a receipt showing which invoices less credit notes are being paid. would not go to the bank just suppliers.
2006-12-07 23:53:39 · answer #1 · answered by Just Me.... 3 · 0⤊ 0⤋
A remittance advice is simply a notification of payment, often sent along with a cheque to show which invoices are being paid.
It is just as a courtesy to help accounts departments tie up the payment with any outstanding invoices. They're not mandatory and not all companies use them.
2006-12-07 23:52:35 · answer #2 · answered by muppetofkent 3 · 1⤊ 0⤋
Remittance advice as far as I know, is like an invoice, but it is telling you what payment THEY have received.
For example, you receive an invoice from say... a stationary company, you pay, then they send you a remittance advice.
This is so you have written evidence that they received your payment, so they can't deny recieving it and try to make you pay again.
2006-12-07 23:53:55 · answer #3 · answered by Yasmin H 3 · 0⤊ 0⤋
a remittance advice is a the opposite of a receipt for payment you would get is you buy something.
if a customer pays you "X" amount of money, they sometimes give you a remittance advice which tells you what invoices they are paying. it makes it easier when matching payments to invoices that you send out.
2006-12-08 00:01:26 · answer #4 · answered by Paul S 5 · 0⤊ 0⤋
Hi, remittance advice literally advises one of what has been remitted - ie what has been paid. So basically, its a reciept. Company's need to provide remittance advice to clients.
2006-12-07 23:52:34 · answer #5 · answered by Madam Rosmerta 5 · 0⤊ 0⤋
ditto - just indicates what to apply payment to -
2006-12-08 01:04:54 · answer #6 · answered by Goodmomma1 3 · 0⤊ 0⤋
as above
2006-12-08 05:13:52 · answer #7 · answered by dream theatre 7 · 0⤊ 0⤋