Remittance advice specifies monetary amounts and account reconciliation information.

After a provider uses either PIP3C3, "Notify of Invoice" to issue an invoice or PIP3C5, "Notify of Billing Statement" to issue a billing statement, a payer may use this PIP® to indicate which payables are scheduled for payment. A billing statement covers all monetary amounts due over a period of time, whereas an invoice notification is sent only on an event-by-event basis.

Payment may be processed through a bank rather than directly from the payer to the payee. In this case, the payee could reconcile remittance advice with invoices and billing statements to determine which demands for payment are being paid. If the payment is not as anticipated, the payee performs a manual process to handle the discrepancy.

TI Semiconductor Guidelines

ROSETTANET: 3C6

EDIFACT: REMADV

ANSI ASC X12: 820

TI Guidelines are based on RosettaNet, EDIFICE, or EIDX standards and process models.