What crucial information is included in the EDI 820 standard other than the invoice number?

The EDI 820 standard is primarily focused on payment order and remittance advice, making it specifically relevant to transactions involving payments. Among the various types of information contained within an EDI 820 document, details concerning discounts play a significant role. These discounts are often expressed as a percentage or a dollar amount that can impact the total payment amount and help clarify the financial agreement between the buyer and seller.

Knowing the discount terms is vital for both parties to ensure accurate payment processing and cost management. The inclusion of discounts allows both the payer and the payee to fully understand any potential reductions in the amount owed, thus facilitating transparency and proper accounting.

In contrast, other choices like shipping address and customer satisfaction ratings, while important in their contexts, are not relevant to the EDI 820 standard. Shipping address details are generally more pertinent to logistics documents, and customer satisfaction ratings we typically find in quality assessment metrics rather than payment documents. The payment due date is also relevant but is not as focal as the discount information in the context of EDI 820 transactions.