REMADV (UN/EDIFACT Remittance Advice)

365 business Banking imports electronic remittance advices in the UN/EDIFACT format REMADV, uses them to apply incoming payments to the invoices, even when single invoices were reduced, and creates REMADV files for your own payments.

Business Value

In B2B business, many customers send a remittance advice with a collective payment. It shows which invoices are paid with which amount and which invoices are reduced for which reason. Importing these advices applies the payment to all invoices it contains, posts deductions with their reason to a G/L account and corrects the VAT. Collective payments do not have to be reconciled manually, and every reduction remains traceable.

Feature Description

• Import: REMADV files (EANCOM D.96A/D.01B or plain UN/EDIFACT) are read on the REMADV Imports page. Each message becomes a remittance advice, each invoice in it a preliminary entry. The payer is identified by REMADV partner, GLN or IBAN.
• camt.053/054: Structured remittance data the bank delivers with the statement becomes a remittance advice as well.
• Application: Apply Automatically in the payment reconciliation journal applies a matching advice to all of its invoices. Deductions are shown in their own column and in a FactBox. The line remains postable.
• Deductions: On posting, the reduced invoice is closed completely, the deduction is posted to the G/L account of the deduction reason and the VAT is corrected proportionally. The posting description contains the reason.
• Export: The payment journal creates one REMADV file per recipient. The transmission to EDI systems can be connected through integration events.

Details: Remittance advices (REMADV)