We receive 820s from Retailers with enough detail to to apply them to the invoices. We receive 823s from our banks with whom we have lockboxes. For some banks the amount of information you can get on an 823 lockbox is negotiable for a fee. My simple way of looking at it is the 823 is about $$$ and the 820 is about data. So you would only get an 823 from a bank. Some banks offer a service where the payer sends payment instructions to the bank and the bank then has both the $$$ and data and will send that to you in an 820. I have never participated in that kind of arrangement. Tim
--- On Tue, 11/16/10, John <[email protected]> wrote: From: John <[email protected]> Subject: [EDI-L] 820 and 823 documents To: [email protected] Date: Tuesday, November 16, 2010, 2:00 PM Can someone please give me an idea of what the 'normal' use of the 820 and 823 is? I have a client that is receiving in an 820 from a bank and wants to switch it to an 823. Use small words, I have just enough finance background to balance my checkbook. John Meyer CompuSolv [Non-text portions of this message have been removed] ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/EDI-L/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
