EDI Document Type - 820 Payment Order/Remittance Advice
What is an 820 Payment Order/Remittance Advice?
One of the most common EDI document types is the EDI 820 Payment Order/Remittance Advice. The 820 document type is an electronic version of a paper Payment Order/Remittance Advice. Standard EDI formats include X12, ANSI, EDIFACT and its subsets. Click here to read more about supported EDI Standards.
The 820 EDI document type is most often used to indicate of one of three things: That payment for an open item is required and settle the account, to advise the payee of the details of the payment, or to advise the payee of any adjustments in the payment. This document is sent by either the supplier or the buyer.
What makes up the 820 Payment Order/Remittance Advice document?
An 820 EDI Payment Order/Remittance Advice is organized into the following segment and data elements. A segment can contain at least one data element. Each data element contains a data field. There are an infinite number of possibilities available for a company to include data on an 820 Payment Order/Remittance Advice.
How is it used?
The 820 EDI document is used when an open account needs to be settled, or to advise the payee of details or adjustments in payment. After the 820 Payment Order/Remittance Advice is received, a 997 Functional Acknowledgment is sent back from the buyer indicating that the Payment Order/Remittance Advice was successfully received.
The Process and Standards
An EDI solution is required to process the EDI documents received into a financial system (click here to view all available financial systems eBridge integrates into) or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
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