Tuesday, August 28, 2012

Remittance vs Remittance Stub



 Remittance — Transfer of funds, usually from a buyer to a distant seller, instrument of transfer (such as a check or draft), or funds so transferred.


 Check stub — A part of a check that is kept for record keeping purposes. For example, the stub is the part of a payroll check that includes information about the current paycheck as well as payments to date. The check stub can also be a carbon copy of a check that is made when the original check is written.


2 comments: