This document serves as proof that a payment has been sent. It is often supplied by a payer to a payee, providing details about an invoice or invoices they are settling. This includes information such as the amount paid, the date of payment, and any discounts or adjustments applied. For example, a business might send one of these to a supplier after paying a bill, itemizing which invoices are covered by the payment.
These notifications facilitate efficient accounting practices and reconciliation processes. They are valuable for both the payer and the payee, ensuring transparency and reducing potential discrepancies. Historically, these were paper documents, but increasingly, electronic versions are being utilized, streamlining business operations and improving data management.
