Remittance Advice

What is a remittance advice?

A remittance advice is the note a payer sends to a supplier to say which invoices a payment settles. It usually lists invoice numbers, amounts, and the total paid, so the supplier can match the money that lands in their account to the right entries in their ledger. For an Australian accounts payable team, sending a remittance advice after a pay run is routine courtesy and good practice, and it speeds up the supplier’s reconciliation.

Why it matters for Australian finance teams

Remittance advices carry payment details and identifying information, which makes them useful to fraudsters. A spoofed remittance can be used to make a fake payment look genuine, or to prompt a supplier to reveal outstanding invoices a criminal can then target. Remittance fraud manipulates these notices or the bank details around them to divert funds. Because the document travels by email, it is exposed to the same interception and impersonation risks that drive business email compromise across Australian businesses.

How ezyshield helps

A remittance advice records where money went; it does not confirm the account was the right one. ezyshield addresses the step before that by verifying the person, validating the business through ABN and ASIC records, and confirming bank account ownership before money moves, so the payment a remittance describes actually reached the intended party. If account details change, ezyshield triggers re-verification, and every check is written to an append-only audit trail that is logged and never edited or deleted, giving your team evidence to sit alongside the remittance. See how it works and accounts payable fraud prevention.