EDI 820 - Payment Order / Order Remittance Advice
What is the EDI 820 definition?
The EDI 820 is used to share payment or order remittance advice. Most often, the EDI 820 is issued by a buyer after the receipt of an EDI 810 Invoice or an EDI 850 Purchase Order to communicate payment information.
How is an EDI 820 Payment Order / Order Remittance Advice used?
The EDI 820 Payment Order / Order Remittance Advice is used when an open account needs to be settled or to advise the paying trading partner of the details or potential adjustments with a given payment.
After receiving the EDI 820, the buying trading partner generates a 997 Functional Acknowledgement to send back confirming the successful reception of the EDI 820 transaction.
EDI 820 Format
Here are the essential components of an EDI 820.
The EDI 820 contains information on payment information, including:
1. Buyer and seller identification, including business names and addresses
2. Invoice or purchase order numbers
3. Bank and account ID
4. Amount billed or paid amounts, including adjustments
5. Payment tracking information
Here is an EDI 820 Transaction within im电竞体育 Integration Cloud
EDI 820 Specification
This X12 Transaction Set contains the format and establishes the data contents of the Payment Order/Remittance Advice Transaction Set (820) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to make a payment, send remittance advice, or make a payment and send remittance advice.
This transaction set can be an order to a financial institution to make a payment to a payee. It can also be remittance advice identifying the detail needed to perform cash application to the payee's accounts receivable system. The remittance advice can go directly from payer to payee, through a financial institution, or through a third-party agent.
Accredited Standards Committee X12. ASC X12 Standard [Table Data]. Data Interchange Standards Association, Inc., Falls Church, VA. https://x12.org/index.php/products/transaction-sets
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