Search results
What is a Remittance? The term remittance technically refers to any payment made from one party to another, but that definition is pretty broad. In plain language, remittances usually refer to one of two things: A payment made from one person to another person, with both individuals located in different countries.
5 mar 2024 · A remittance is money that is sent from one party to another. Broadly speaking, any payment of an invoice or a bill can be called a remittance. However, the term is most often used nowadays...
2 paź 2024 · A bank remittance is a funds transfer from one bank account to another as a gift or payment. Remittances are used to pay bills or invoices and are sent via an electronic payment system, wire transfer, mail, draft, or check.
10 paź 2023 · A Bank remittance is a payment sent from one bank account to another, commonly across borders, for transactions like purchases. It can be used for bill payments, invoices, or transferring money to friends and family.
In accounting terms, remittance generally refers to any transfer of payment which completes a business transaction. For example, if one business purchases supplies from another business, payment made for the supplies completes the transaction and is considered a remittance.
9 lis 2017 · To remit - to send (money) to a person or place especially in payment of a demand, account, or draft. In other words, a remittance is the sum of money being sent, generally to someplace abroad.
6 wrz 2023 · Remittance advice simplifies the accounts receivable and accounts payable processes. by IFA | 6 Sep, 2023. Here’s a simple guide, with answers to frequently asked questions. What is a remittance? Remittance refers to sending back or transferring an amount of money to another party such as a supplier, contractor, vendor or another business.
