advice

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order; accompanying is our remittance of $52.47 per invoice No 83046") or of a voucher attached to the side or top of the cheque.
Remittance advices are not mandatory, however they are seen as a courtesy because they help the accounts-receivable department to match invoices with payments. The remittance advice should therefore specify the invoice numbers for which payment is tendered.
In countries where cheques are still used, most companies' invoices are designed so that customers return a portion of the invoice, called a remittance advice, with their payment. In countries where wire transfer is the predominant payment method, invoices are commonly accompanied by standardised bank transfer order forms (like acceptgiros (in Dutch) (Netherlands) and Überweisungen (in German) (German)) which include a field into which the invoice or client number can be encoded, usually in a computer-readable way. The payer fills in his account details and hands the form to a clerk at, or mails it to, his bank, which will then transfer the money.
The employee who opens the incoming mail should initially compare the amount of cash received with the amount shown on the remittance advice. If the customer does not return a remittance advice, an employee prepares one. Like the cash register tape, the remittance advice serves as a record of cash initially received.
Modern systems will often scan a paper remittance advice into a computer system where data entry will be performed. Modern remittance advices can include dozens, or hundreds of invoice numbers, and other information.
Remittance advices can be very complicated, especially in specialized fields like medical insurance payments.

View More On Wikipedia.org
  1. J

    QLD Looking for Advice: Retaining Wall Built Inside Boundary – Dispute with Builder/Developer

    Hi everyone, I'm hoping someone here can share advice, similar experiences, or any legal guidance. I signed a house and land package, but under two separate contracts – one with the developer for the land, and one with the builder for the house. The entire process was handled through the...
  2. Z

    NSW Seeking Advice – Builder Delayed Construction, Took Personal Loans, Now Threatening Bankruptcy

    Hi, I’m posting this on behalf of a friend who is extremely distressed and seeking legal direction. In 2020, they signed a contract for a $500,000 home rebuild project and paid a 20% deposit (~$100,000). Despite the payment, construction did not begin for nearly two years, with repeated delays...
  3. Z

    Unfair Redundancy After Parental Leave – Seeking Advice for a Friend

    Hi all, I’m seeking guidance on behalf of a friend who has been impacted by what appears to be an unfair redundancy. He recently returned from paternity leave and had been open about needing flexibility to care for his young family. Shortly after, his role was made redundant. However, the job...
  4. S

    Defamation help/ advice

    Hi all, I posted a post yesterday so I am asking forgiveness from the moderators, I need to give you some info on my current situation in order to perhaps get some sympathy and understanding. I am an X firefighter who was very exposed to a chemical called PFAS (the forever molecule) It has been...
  5. M

    Seeking Advice: Has Anyone Made an Asbestos Claim?

    Hi everyone, I’m not sure if this is the right forum, but I was wondering if anyone here has experience with claiming compensation for asbestos-related diseases. Did you find the process straightforward, or were there challenges along the way? Any advice on where to start or which resources...
  6. T

    NSW Help DCJ involvement

    Me (mum, 26) and my partner (step dad, 24) have just had DCJ become involved with us and my nearly 8 year old son and they have never even blinked in our direction before. They initially came to the house telling us they had received 15 very serious anonymous reports and had to come in and look...
  7. O

    NSW Need Advice: Rental Digital Printer Infested by Ants – Owner Company Won't Repair or Inspect

    I'm a small business owner running a digital printing business. My primary workhorse is a digital printer that I lease under a 60-month agreement with the printer's brand company. I'm halfway through the contract. Alongside the lease, I have a separate contract that covers printing costs...
  8. Melbourneman

    VIC Advice Needed: How to Revoke an IVO with VIC Police as Applicant After Counselling

    My partner (de facto) and I had an argument while we were both drunk. I (called the police but don’t remember what I said. As a result, my partner (respondent) received an IVO. When the case went to court, my partner consented to the IVO without admission. The IVO allowed us to start...
  9. JOHNLEE

    NSW Seeking Advice on Stormwater Pipeline Easement Issue with Neighbor front driveway

    Hi everyone, I'm new here and looking for some advice or insights from anyone who has had similar experiences. Last October, we started building our house with Metricon. To comply with council requirements for stormwater management, we need to connect our OSD (On-Site Detention) tank to an...
  10. LJ.

    QLD General advice for new student

    Hi all, I am a newly enrolled Law student and I am keen to understand the materials (not just memorise for exams). If anyone would provide their opinion on essential court judgements, websites to stay updated on particular areas of law, or general advice, it would be greatly appreciated. Thank you