Remittance advice что это
remittance advice
Смотреть что такое «remittance advice» в других словарях:
remittance advice — UK US noun [C] ► ACCOUNTING, COMMERCE a document that is sent by someone who makes a payment to the person receiving it, with details of the amount, method of payment, etc.: »If the payment is by BACS, the remittance advice will include the BACS… … Financial and business terms
Remittance advice — In business transaction, a remittance advice is a letter sent by a customer to a supplier, to inform the supplier that his invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque.Remittance… … Wikipedia
remittance advice — /rɪ mɪt(ə)ns ədˌvaɪs/, remittance slip /rɪ mɪt(ə)ns slɪp/ noun an advice note sent with payment, showing why it is being made (i.e. quoting the invoice number or a reference number) … Dictionary of banking and finance
Electronic Remittance Advice — An Electronic Remittance Advice is an electronic version of a payment explanation which provides details about providers claims payment, and if the claims are denied, it would then contain the required explanations. ERA are provided by plans to… … Wikipedia
Remittance — can also refer to the accounting concept of a monetary payment transferred by a customer to a business. See remittance advice A remittance is a transfer of money by a foreign worker to his or her home country. See remittance man below for the… … Wikipedia
advice — ad‧vice [ədˈvaɪs] noun 1. [uncountable] information given to someone, especially by an expert, so that they know what to do and can make the right decision: • She will remain on the board and provide financial advice to the company. • a law firm… … Financial and business terms
advice — advice, advise 1. Advice is a noun (‘an opinion given about future action’) and advise a verb (‘to give advice to’), in both BrE and AmE: • The hardest thing is knowing where to go to get help, to get the advice and information you need The Face … Modern English usage
Supplier enablement — is the process of electronically connecting suppliers (or other trading partners) to a company s supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company s back office systems to exchange… … Wikipedia
Health Insurance Portability and Accountability Act — The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers… … Wikipedia
Medical billing (United States) — Medical billing Coding is the process of submitting and following up on claims to insurance companies in order to receive payment for services rendered by a healthcare provider. The same process is used for most insurance companies, whether they… … Wikipedia
Cheque — A Canadian cheque … Wikipedia
remittance advice
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payment advice — извещение о платеже; уведомление о платеже
letter of advice — уведомление; извещение; авизо
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См. также в других словарях:
remittance advice — UK US noun [C] ► ACCOUNTING, COMMERCE a document that is sent by someone who makes a payment to the person receiving it, with details of the amount, method of payment, etc.: »If the payment is by BACS, the remittance advice will include the BACS… … Financial and business terms
Remittance advice — In business transaction, a remittance advice is a letter sent by a customer to a supplier, to inform the supplier that his invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque.Remittance… … Wikipedia
remittance advice — /rɪ mɪt(ə)ns ədˌvaɪs/, remittance slip /rɪ mɪt(ə)ns slɪp/ noun an advice note sent with payment, showing why it is being made (i.e. quoting the invoice number or a reference number) … Dictionary of banking and finance
Electronic Remittance Advice — An Electronic Remittance Advice is an electronic version of a payment explanation which provides details about providers claims payment, and if the claims are denied, it would then contain the required explanations. ERA are provided by plans to… … Wikipedia
Remittance — can also refer to the accounting concept of a monetary payment transferred by a customer to a business. See remittance advice A remittance is a transfer of money by a foreign worker to his or her home country. See remittance man below for the… … Wikipedia
advice — ad‧vice [ədˈvaɪs] noun 1. [uncountable] information given to someone, especially by an expert, so that they know what to do and can make the right decision: • She will remain on the board and provide financial advice to the company. • a law firm… … Financial and business terms
advice — advice, advise 1. Advice is a noun (‘an opinion given about future action’) and advise a verb (‘to give advice to’), in both BrE and AmE: • The hardest thing is knowing where to go to get help, to get the advice and information you need The Face … Modern English usage
Supplier enablement — is the process of electronically connecting suppliers (or other trading partners) to a company s supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company s back office systems to exchange… … Wikipedia
Health Insurance Portability and Accountability Act — The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers… … Wikipedia
Medical billing (United States) — Medical billing Coding is the process of submitting and following up on claims to insurance companies in order to receive payment for services rendered by a healthcare provider. The same process is used for most insurance companies, whether they… … Wikipedia
Cheque — A Canadian cheque … Wikipedia
What is remittance advice?
For suppliers and customers alike, it’s always beneficial to have a little more clarity around the invoicing process. As a customer, issuing remittance advice slips can help ensure that your suppliers are always able to match an invoice to a payment. As a supplier, requesting remittance advice can help you optimise your accounts receivable processes. But what is remittance advice? Find out everything you need to know with our comprehensive guide.
What is remittance?
Deriving from the term ‘remit’ (meaning “to send back”), remittance refers to a sum of money that is sent back or transferred to another party. It covers virtually any payment, from bills to invoices, and is typically used with overseas payments – when one party is based in another country. In addition, remittance can also cover personal money transfers made to friends and family.
Remittance advice meaning
So, what is remittance advice? In short, remittance advice is a proof of payment document sent by a customer to a business. Generally, it’s used when a customer wants to let a business know when an invoice has been paid. In a sense, remittance slips are equivalent to cash register receipts. They’re particularly helpful when it comes to matching up invoices with payments.
Because online payments are becoming increasingly popular, remittance advice slips are sometimes unnecessary. However, after an invoice has been paid, sending a confirmation email is always appreciated.
What should a remittance advice slip include?
Several key pieces of information need to be included on your remittance advice slip. Most importantly, the slip should identify:
Your name and address
Supplier’s name and address
The remittance advice slip should be issued on company headed paper and contain contact details for a member of your organisation who can deal with any queries the supplier may have.
Do I need to send remittance advice?
No, remittance advice slips are not obligatory. However, they are a courtesy that suppliers are likely to appreciate, as they can be very helpful for recordkeeping and identifying which payments are associated with which accounts. Furthermore, remittance slips don’t require much effort to produce, as many businesses will issue a remittance advice note alongside the invoice, making it easier for customers to send across the required information in the correct format.
What are the different types of remittance advice?
It’s important to note that remittance advice comes in several different forms:
Basic remittance advice – Basic note or letter stating the invoice number and the payment amount.
Removable invoice advice – An invoice that comes with a removable remittance slip that customers are encouraged to fill in.
Scannable remittance advice – Remittance slips that can be scanned for electronic records.
What’s the best way to send remittance advice?
If you want to issue a remittance advice slip to your supplier, there are a couple of different options: email and snail mail. It’s worth remembering that snail mail is likely to be slower, so for the sake of efficiency, email is probably the best choice. When you send your remittance slip over email, ensure that it’s going to the appropriate email address (unless you’ve been told otherwise, this is likely to be accounts receivable). If you send it to a general company inbox, it can get lost in the shuffle.
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Remittance advice – What is remittance advice?
Remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid.
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Remittance advice is not mandatory, but it is often seen as a courtesy. Remittance advice is sent much more frequently in some industries than in others and is becoming less common in general.
What to include in remittance advice
The main purpose of remittance advice is to help suppliers match invoices with payments.
Remittance advice should therefore include the invoice number, along with the payment amount and method of payment.
How to send remittance advice
Because it is not mandatory, there are no legal guidelines for sending remittance advice. Remittance advice can therefore be sent in a number of ways.
Remittance advice could come in the form of a note or letter, whereas some businesses create invoices with a removable portion that can be returned by the customer along with the payment.
If payment is made via cheque, remittance advice is commonly sent with the cheque.
Alternatives to remittance advice
Online payment is becoming increasingly popular, therefore reducing the need and popularity of remittance advice.
If you make a payment online, you can still help a supplier match your payment with the correct invoicing by sending an email to inform them of your payment or create a reference along with your payment referring to the invoice number.
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Remittance advice: What you should know
Not sure whether you should send remittance advice with your payments, whether domestic or international? It’s important to keep good lines of communication open between suppliers and purchasers, and remittance advices are one way of doing that. If you remit payments to overseas companies, you should know the ins and outs of remittance advice. And know that if you frequently make international money transfers, it may be cheaper to do it with Wise. But more on that later.
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Now, back to what you came here to read.
What is a remittance advice?
A remittance advice is a letter that a customer sends to a supplier to let them know that their invoice has been paid. It’s often sent along with the payment, though not always. Remittance advices aren’t necessary, but they’re a nice courtesy since they can help suppliers with their record-keeping by helping identify which payments go with which accounts.1 A Remittance advice is sometimes offered as part of the invoice, which the customer can remove and fill out to return with the payment.
Remittance advice template
A remittance advice should include 2:
What do I do with a remittance advice slip?
A remittance advice slip is just for your records, it’s particularly helpful if you have customers who pay via cheque. Whoever receives the remittance advice should immediately compare it to the amount of the payment received to make sure they match.1 It can then be filed with invoices and other important documents for the client who sent it or scanned into a computer system if payments are tracked electronically at your company.
How to send remittance advice
If you need to send a remittance advice to your supplier, you have a few options:
Remittance advice by email
You can scan a remittance advice or create it electronically and send it to the supplier via email. Before you do so, though, make sure you have the appropriate email address. If you just send it to a general company email, it may get lost in the shuffle rather than make it to accounts receivable.
Remittance advice by snail mail
If you send remittance advice by snail mail, you can send it at the same time you send your payment, if you’re paying via cheque. Make sure to send it to the supplier’s remittance address so that it ends up in the right place for payment processing.
What does payment remittance mean?
A payment remittance is just another term for sending money for a payment. For example, if you own a business in the US and buy wholesale products from China, you’d pay for your orders by sending a payment remittance to the Chinese supplier. Payment remittances can be made domestically or internationally. They can also be sent in many different ways: by cheque via mail, by wire transfer, or by peer-to-peer money transfer via an alternative transfer service like Wise. You can also create and send your invoices by using our downloadable free invoice templates.
Remittance advice types
Basic remittance advice
In its most basic form, a remittance advice is a note or letter that states the invoice number and the amount of the payment.3
Removable invoice advices
Some invoices come with removable slips that can be filled out to act as the remittance advice.3
Scannable remittance advice
Some modern software can create remittance advices that can be scanned into computer systems for electronic record-keeping.3
Looking for more information on remittances?
If your questions about remittances weren’t fully answered here, check out these resources to learn more:
If you have international payments to make for your business, it’s important to know about common business practices like remittance advices. This guide should help get you started.
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