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Caution

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

Use the PayeeParty element to model this information.

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

Payee Identifier

Use the following elements to model the Payee's ID:

Payee Trading Name

Payee Legal Registration

The legal registration number is an identifier issued by an official registrar that identifies the Buyer as a legal entity or person. It is also known as the business registration number (BRN).

Example

<Invoice>
    <!-- code omitted for clarity -->
    <cac:PayeeParty>
        <cac:PartyIdentification>
            <cbc:ID schemeID="0192">987654325</cbc:ID> Ⓐ
        </cac:PartyIdentification>
        <cac:PartyName>
            <cbc:Name>Payee party</cbc:Name> Ⓑ
        </cac:PartyName>
        <cac:PartyLegalEntity>
            <cbc:CompanyID schemeID="0192">987654325</cbc:CompanyID> Ⓒ
        </cac:PartyLegalEntity>
    </cac:PayeeParty>
    <!-- code omitted for clarity -->
</Invoice>