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Breakdown of Invoice Payments
A supplier remittance advice is a document which provides a breakdown of the invoices included with a payment. It is sent from a customer to a supplier letting the supplier know they have paid their invoice. In it's simpliest form it shows the invoice number and payment amount sent or enclosed.
Match Invoices with Payments
The main purpose of a supplier remittance advice is to help suppliers match invoices with payments. Remittance advice should therefore include the invoice number, along with the payment amount and method of payment.
Electronic Remittances in ACOS
Remittance advices from ACOS is submitted via e-mail to the supplier, notifying them about the details for the payment. Some businesses however, create invoices with a removable portion that can be returned by the customer along with the payment.
ACOS Procurement and Supplier Management
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