What a remittance advice tells you
When a customer pays, a remittance advice says which invoices the money is for. Use it to match the payment.
In this room: 2 tasks, 7 questions
- Matching a payment4 questions
- After the payment3 questions
A remittance advice is sent by the customer with a payment. It lists the invoices and credit notes the payment covers.
Without it, the seller has to guess which invoices have been paid.
| Reference | Amount |
|---|---|
| Invoice 2041 | 660.00 |
| Credit note 51 | (60.00) |
Answer the questions below
3 more questions follow in this task.
Once a payment is matched, the invoices it covers are no longer outstanding.
A receipt is the seller's proof that money was received. It is most common for cash and card sales.
Answer the questions below
2 more questions follow in this task.