Financial & invoicing terms explained
Remittance advice
Remittance advice lists which invoices a payment settles and in what amounts.
Partial allocations
When a payment covers multiple invoices, advice prevents misapplied cash.
Enterprise AP
EDI remittance files feed auto-cash applications - match IDs exactly.
Customer experience
Clear advice reduces “where did this payment go?” emails.
Remittance advice - FAQ
Remittance vs receipt?+
Remittance explains allocation; receipt proves customer paid.
Bulk payments?+
One payment against many invoices needs clear remittance detail.
EDI remittance?+
Common in enterprise AP - match IDs carefully.