Glossary
What is remittance advice?
A remittance advice is a note from a customer telling you which invoices a payment covers.
It helps you match the money to the right invoices, especially when one payment covers several.
Example
A wholesaler's customer emails a remittance listing invoices 201, 205 and 209 for one bank transfer.
In Australia
Often sent by email from the customer's accounting system when they pay by bank transfer.
General information only, not legal or financial advice.