Regarding a prior 4010 informal decision via RFI #540, what is the ruling for 5010? Can both 2000A (organization) and 2000B (individual) loops be used to report payment, or is it one or the other?
RFI # 540: 820 - Loops 2000A and 2000B
Section 1.10.2 Data Use by Business Use identifies that the remittance information can be sent as a summary bill payment or as an individual/list bill payment. Section 220.127.116.11 Detail provides further clarification on summary vs. individual/list bills. Section 18.104.22.168 Detail provides further clarification on summary vs. individual/list bills. Table 2 can be structured in either one of two ways, with the first being a summary bill payment or the second being a list bill payment.