Invoicing terms
Remittance advice
A note from the payer telling a supplier which invoices a payment covers.
Remittance advice is a note a payer sends with, or instead of, a payment to tell the supplier which invoices the payment is settling. It typically lists invoice numbers and amounts.
It matters most when a customer pays several invoices at once or pays a partial amount, because it lets the supplier apply the cash to the correct invoices instead of guessing.
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