Remittance Advices for Vendor Payments

A remittance advice accompanies a vendor payment and provides the vendor with a list of the AP vouchers that are being paid.

Remittance advices are optional when you process a vendor payment run in Cash Management > Vendor Payments. You can print and/or email remittance advices. Emailed remittance advices apply only for ACH/NACHA, SEPA, wires, and direct debit payments.

A remittance advice includes the following information:

• Your company name
• The vendor's name, address, and Vantagepoint vendor number
• Payment (check) number and date
• The following information for each vendor invoice (AP voucher) paid in the payment: vendor invoice number, date, and amount, AP voucher number, discounts, previous amount paid, net amount paid.

After you create a vendor payment run, select vouchers to pay, and print the payments and assign numbers to them, you can print and/or email remittance advices. On the actions bar of the Payments grid on the Printing and Numbering page in Vendor Payments:

• To print remittance advices: Click Other Actions > Print Remittance.
• To email a remittance advice to vendors: Click Email Remittance and then click Recipients or Specific Address.
  • Choose Recipients to email the remittance advice to the vendors in the payment run who are have been configured to receive an email remittance (on the Vendor tab in the Firms hub for a vendor).
  • Choose Specific Address to open the Email Remittance dialog box, and select the recipients to send the remittance advice to and send the emails.