When you are trading with a major retailer, you will probably receive the EDI 820, also known as the Payment Order/Remittance Advice. More colloquially, it is known simply as The Remittance Advice.
The Remittance Advice — sounds like it could be the title of a great movie. A thriller of some sort, with an unexpected plot twist that leaves audiences amazed.
As exciting as that might sound, let’s get our heads out of Hollywood for a moment. The reality is that you don’t want to find any surprises from your trading partners in any EDI 820 they send. And definitely no thrills. The more ho-hum, the better.