# Remittance advice

> Remittance advice — The payer's note of which invoices a payment covers and of any deduction taken — the first thing cash application reads.

Source: https://lopifi.com/glossary/remittance-advice
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is remittance advice?** In accounting, remittance advice means the payer's note of which invoices a payment covers and of any deduction taken — the first thing cash application reads.

## Words this system refuses for it

- receipt
- payment confirmation

- **Category:** Receivables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** application, payer