Hi, I dont know about anyone else, but I find that more and more payments are being made by EFT and identified by the invoice number. It would be a real time saver if we could have a choice of enteri...
A couples of scenarios in our case.
If a company is paying several invoices in a single end of month payment they usually email/fax a remittance advice. It can be just a brief form with the total amount remitted and no other details.
Some send a remittance advice with full itemisation of their payement.
The smaller clients usually make a remittance with no formal seperate notification and so our bank's online statement might show the clients business name in the details of the payment, which if you're lucky is the same as the business name listed in our MYOB card file/invoice.
We try and ask our customers to include their customer ID (we use MYOB Card ID in our case) in the reference part of their eft, some comply some don't.