An advice note is a document sent to inform a party that goods have been dispatched or that a transaction has been made.

Simple Meaning:

It is a written intimation giving details about a transaction.

Types:

Dispatch Advice Note → Sent by seller to inform that goods have been shipped

Debit/Credit Advice → Sent to inform about debit or credit made in an account

Example:

A supplier sends an advice note to a customer stating that goods worth ₹50,000 have been dispatched on a particular date.

Purpose:

Provides transaction details

Helps in record keeping

Avoids confusion between parties

In short, an advice note is a document that communicates important transaction information.