Remittance Advice

Invoiced's Remittance Advice feature allows businesses to easily manage and track detailed payment information provided by customers. When customers submit payments, they often include remittance details that specify how the payment should be applied across multiple invoices. This feature enables businesses to capture and store that information within Invoiced, ensuring that payments are accurately matched to the correct invoices. By centralizing remittance data, this feature improves payment reconciliation, reduces errors, and streamlines the overall accounts receivable process.

If your customer has provided you with remittance advice in a spreadsheet-like format, then you can import it directly into Invoiced using our spreadsheet import tool.

If your customer has provided you with remittance advice in an image-like format, such as a PDF, then you can upload it into Invoiced and our AI-powered document reader will parse out the contents, including invoice numbers, discounts taken, and amount applied per line item. This feature is designed to work with a wide variety of remittance advice formats and layouts.

For remittance advice that is created and has no exceptions, Invoiced will automatically create the corresponding payment. When there are exceptions detected, such as short payments, excessive discounts taken, or other anomalies then you will have to review these exceptions and choose how you want to handle it.