Version 3 - Last Updated: 18 Feb 2021

Remittance report

Remittance report


You need to have LP Financial Administrator access to view and export remittance reports.

    1. Go to the Applicant Information Service and select Financials Home.
    2. On the Financials Home page, select Remittance Report.

An image of the Financials home page showing the remittance report menu.

The remittance report has information on:

  • payments that are in progress
  • payments that have been made
  • any payments that have been recovered

You can view this information on screen or export it as an xml or csv file.

An image of the remittance report summary page with export buttons visible.

The report has the following information.

Scheduled Payment Date

The date when the instalment is scheduled to be paid.

Actual Payment Date

The date when we made the payment to you.

Payment Status

The status of the payment:

  • scheduled
  • in progress
  • paid
  • failed

Positive Payments

Positive payments are created from reassessments which change payment amounts and can be recovered in that month’s payment run.

Negative Payments

This is the amount we will recover due to an outstanding offset recovery amount. This is caused by reassessments in previous months.

You will be able to find this amount in a previous remittance file.

Offset amounts are negative amounts which are clawed back historically due to overpayments made, and which cannot be recovered by payments you are due in that month.

Payment Amount

This is the total of the individual payments and recoveries on the remittance file for that month.

This will not necessarily be the amount we deposit in your bank account. The payment you receive will be affected by any outstanding recovery amounts shown on previous remittance files.

Recovery Amount

This is the amount we will recover due to an outstanding offset recovery amount. This is caused by reassessments in previous months.

You will be able to find this amount in a previous remittance file.

Payment to Bank

This is the total amount we will pay you in that payment run.

Export 

Use this checkbox to select the file you want to export.

An image of the remittance report summary showing the payment amount.


Payment scenario Month X:

  • you have no positive payments
  • you have a £100 recovery amount
  • the bank payment amount will be £0

Payment amount: £0, Recovery amount: £0, Actual payment to your bank account: £100

Payment scenario Month Y:

  • you have a £500 positive payment
  • you have a £0 recovery amount
  • the bank payment amount will be £400, made up of £500 month Y payment minus outstanding recovery from month X

Payment amount: £500
Recovery amount: £0
Actual payment to your bank account:£400

Payment scenario Month Z:

  • you have a £500 positive payment
  • you have a £100 recovery amount
  • The bank payment amount will be £400, made up of £500 month Z payment minus £100 month Z recovery amount

Payment amount: £400 (the payment amount is the sum of positive payments and recoveries for that month)
Recovery amount: £100
Actual payment to your bank account: £400


Information on most recent payments will appear first. You can navigate through the pages of payments by selecting the page numbers at the bottom.

To view details of the individual learners who make up the payment file, select the Actual Payment Date hyperlink. This will open a window showing the remittance report detail.

This window will show a summary of the selected payment and a learner level breakdown for each payment.

An image of the remittance report detail tab open in the remittance report summary page.

The remittance report detail will also show any recoveries made as the result of CoCs.

These recovery amounts will show as a minus on the payment amount for the individual learner, as well as a total next to the recovery amount at the top of the remittance report detail.

The Instalment Date field will show the date of the individual learner payment.

If you are receiving more than one month’s payment for a learner on one payment date, this field will show each instalment as a separate record with each instalment date shown for each month.

If you want to export this information in xml or csv format, select Export xml or Export csv.


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