Lapasar
Finance & Payments

Remittance Advice

A remittance advice is a note a buyer sends a supplier to confirm which invoices a payment covers.

WhatsApp us rfqme@lapasar.com

When a buyer pays several invoices in one transfer, the supplier needs to know how to allocate the money. A remittance advice lists the invoice numbers, amounts and any deductions making up the payment, so the supplier can match the receipt to the right invoices and clear them from its ledger.

Accurate remittance advice speeds up cash allocation and reduces disputes and reconciliation effort on both sides. It is increasingly sent electronically, often generated automatically alongside the payment run, and is especially valuable where consolidated invoicing groups many orders into fewer payments.

Frequently asked questions

What is a remittance advice?
A remittance advice is a note from a buyer confirming which invoices a payment covers, listing invoice numbers, amounts and any deductions so the supplier can allocate the money correctly.
Why is remittance advice useful?
It lets the supplier match a payment to the right invoices quickly, reducing reconciliation effort and disputes, especially when one payment covers many invoices.

Explore related across the knowledge graph

SolutionB2B Procurement & Supplies in CyberjayaB2B supplier for Cyberjaya and Putrajaya's tech and government corridor — office, pantry, cleaning and facilities goods on one company account with contract pricing, credit terms and free delivery on orders from RM1,000.SolutionB2B Procurement & Supplies in IpohB2B supplier for Ipoh and Kinta Valley businesses — office, pantry, cleaning, MRO, packaging and safety goods on one company account with contract pricing, credit terms and free delivery on orders from RM1,000 in Perak.SolutionB2B Procurement & Supplies in Johor BahruB2B supplier for Johor Bahru businesses across JB, Iskandar Puteri and Pasir Gudang — office, cleaning, MRO, packaging, safety and facilities goods on one company account with contract pricing, credit terms and free delivery on orders from RM1,000.ToolEarly Payment Benefit CalculatorSee what getting paid in days instead of months is worth to a supplier.ToolPayment Terms & Working Capital CalculatorSee the working capital freed by extending supplier payment terms.ComparisonHow to Evaluate Procurement Models: Full-Service vs FacilitatorTwo models of B2B procurement in Malaysia compared: AI-first software-plus-marketplace models vs facilitator, software-only platforms — and how to evaluate each.GlossaryAccounts Receivable (AR)Accounts receivable (AR) is the money a business is owed by its customers for goods or services that have been delivered but not yet paid for.GlossaryAdvance PaymentAn advance payment is money paid to a supplier before goods or services are delivered, often to secure an order or fund initial work.GlossaryCash FlowCash flow is the movement of money into and out of a business over a period, and whether it has enough cash on hand to meet its obligations.SolutionB2B Procurement & Supplies in Kuala LumpurOne B2B supplier for Kuala Lumpur businesses — office, pantry, cleaning, MRO, packaging, safety and facilities goods on one company account with contract pricing, company credit terms and free delivery on orders from RM1,000.SolutionB2B Procurement & Supplies in MelakaB2B supplier for Melaka businesses across Melaka city and Ayer Keroh — office, cleaning, packaging and safety goods on one company account with contract pricing, approval workflows and company credit terms.SolutionB2B Procurement & Supplies in PenangB2B supplier for Penang businesses across George Town, Bayan Lepas and Seberang Perai — office, cleaning, MRO, packaging, safety and facilities goods on one company account with contract pricing, credit terms and free delivery on orders from RM1,000.SolutionB2B Procurement & Supplies in SelangorB2B supplier for Selangor businesses across Shah Alam, Klang, Petaling Jaya and Subang — office, cleaning, MRO, packaging, safety and facilities goods on one company account with contract pricing, credit terms and free delivery on orders from RM1,000.SolutionB2B Trade Financing & Credit Terms in MalaysiaBuy now, pay on terms — Lapasar offers approved Malaysian businesses credit terms on B2B purchases, so procurement runs without cash-flow friction.SolutionBecome a Lapasar VendorSell to enterprise and GLC buyers through Lapasar's managed marketplace, with fulfilment and payment handled for you.
Back to the procurement glossary

AI-first procurement software. Live marketplace. Human services.

Put procurement theory into practice

Walk through the AI-first procurement software on your own approval matrix, see the live marketplace behind it, and meet the sourcing team that works your RFQs and reverse bids.

Request a demoExplore the software

Prefer to talk to a real person?

Our team replies fast on WhatsApp and email — no forms, no waiting.

WhatsApp us rfqme@lapasar.com

Operating model · diagram

  1. 01

    AI-first software

    AI-first procurement software for long-tail spend

  2. 02

    Live marketplace

    A live B2B marketplace

  3. 03

    Human services

    Human sourcing and support

  4. 04

    Optional add-on

    Fulfilment support for merchants