Guides

Payees

Payees are the parties who receive payments.

Suggest Edits

📘

Note

You only use this when the party who receives payment is not the Supplier that is specified in the AccountingSupplierParty element.

You can model Payees and Payee information in a number of ways using the following elements:

ElementDescription
PayeePartyYou can use this element to specify details like the Payee's name.
PaymentMeansYou can use the PayeeFinancialAccount element to specify the Payee's bank account.
PersonConfirmingPayment (Italy only)In Italy, there is an Extension that you can use to specify the person who confirms the payment. See Italy: Payee Data.

When you do need to model a Payee, this usually indicates that factoring is involved. A Factoring Agent can purchase an invoice from a Supplier for a fraction of the total. When the invoice is due, payment is sent to the Factoring agent. You may want to model this in your Documents.

To model the assignment of a Document to a factor, you must fulfil the following requirements:

  • A disclaimer should be added. You can use the Note element to do so. More information about notes is also provided in the Invoice Note topic.
  • The Factoring Agent must be identified as the Payee.

Elements

PayeeParty

ElementDescription
Invoice/PayeeParty/PartyIdentification/IDThe identifier of the party.
Invoice/PayeeParty/PartyIdentification/ID @schemeIDThe attribute that identifies the scheme. Use one of the values form the ISO 6523 ICD list here.
Invoice/PayeeParty/PartyName/NameThe payee's name.
Invoice/PayeeParty/PartyName/PartyLegalEntity/CompanyIDThe payee's company ID.

PaymentMeans

ElementDescription
Invoice/PaymentMeansCodeThe code that represents the payment method. See UNCL4461. This can be named in an attribute, for example: <cbc:PaymentMeansCode name="Credit transfer">30</cbc:PaymentMeansCode>
Invoice/PaymentIDThe identifier of the payment.
Invoice/PayeeFinancialAccountThe Payee's bank account.
Invoice/PayeeFinancialAccount/IDThe identifier of the Payee's bank account.
Invoice/PayeeFinancialAccount/NameThe name of the Payee's bank account.
Invoice/PayeeFinancialAccount/Name/ FinancialInstitutionBranch/IDThe identifier for the Payee's bank or other financial institution.

Examples

PayeeParty

<ubl:Invoice>
    <cac:PayeeParty>
        <!-- Code omitted for clarity -->
        <cac:PartyName>
            <cbc:Name>Payee SRL</cbc:Name>
        </cac:PartyName>
    </cac:PayeeParty>
</ubl:Invoice>

PaymentMeans

The following example uses the PaymentMeans element to specify the Payee's bank account:

<ubl:Invoice>
<!-- Code omitted for clarity -->
  <cac:PaymentMeans>
    <cbc:PaymentMeansCode>58</cbc:PaymentMeansCode>
    <cac:PayeeFinancialAccount>
      <cbc:ID>DE091111222233334444</cbc:ID>
    </cac:PayeeFinancialAccount>
  </cac:PaymentMeans>
<!-- Code omitted for clarity -->
</ubl:Invoice>

Italian Extension

The following example uses the PersonConfirmingPayment Extension to allow for modeling of Payee data in Italy. This is from the Italy: Payee Data topic:

<ubl:Invoice>
    <cec:UBLExtensions>
        <cec:UBLExtension>
            <cec:ExtensionContent>
                <vrbl:PayeePartyExtension>
                    <vrbl:PersonConfirmingPayment>
                        <cbc:FamilyName>Rossi</cbc:FamilyName>
                        <cbc:FirstName>Mario</cbc:FirstName>
                        <cbc:Title>Dott.</cbc:Title>
                        <vrbl:FiscalCode>5566778899</vrbl:FiscalCode>
                    </vrbl:PersonConfirmingPayment>
                </vrbl:PayeePartyExtension>
            </cec:ExtensionContent>
        </cec:UBLExtension>
    </cec:UBLExtensions>
</ubl:Invoice>

Updated 2 months ago