Lapasar
Finance & Payments

Remittance Advice

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

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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.

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