Remittance or Payment Advice

Last updated: May 13, 2025

A Remittance or Payment Advice is a document or notification issued by a payer to a payee indicating that an invoice or set of invoices has been paid. It provides details for reconciliation, such as payment date, amount, and references to invoice numbers.

Fields

Field	Description	Example
`remittance_number`	Unique identifier for the remittance advice.	`REM-20230918-001`
`payment_date`	Date on which the payment was issued.	`2023-09-18`
`payer_name`	Name of the individual or business making the payment.	`ACME Corp.`
`payer_account_number`	Bank account or reference number of the payer (if relevant).	`12345678`
`payee_name`	Name of the individual or business receiving the payment.	`XYZ Services LLC`
`payee_account_number`	Bank account or reference number of the payee (if relevant).	`987654321`
`total_payment_amount`	Sum of money being paid in this remittance.	`1500.00`
`currency`	Currency in which the payment is made.	`USD`
`payment_method`	Method by which the payment was executed.	`Check, ACH, Wire Transfer`
`transaction_reference`	Reference code for the payment transaction (if applicable).	`ACH-REF-123456789`
`fees_deducted`	Any transaction fees or charges withheld from the payment.	`15.00`
`remarks`	Additional notes or comments about the remittance.	`Partial payment for Q3 invoices. Balance to follow next month.`

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