Invoice Summary Clause Samples
The Invoice Summary clause outlines the requirement for providing a consolidated statement of all charges, fees, or amounts due under an agreement. Typically, this clause specifies that the party issuing invoices must present a clear and itemized summary, often at regular intervals such as monthly or upon completion of services, detailing the nature and amount of each charge. By mandating a comprehensive and organized invoice summary, this clause ensures transparency in billing, facilitates easier review and reconciliation of payments, and helps prevent disputes over amounts owed.
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Invoice Summary. IBM shall render, by means of an electronic file, a single consolidated invoice for all charges incurred each month. Except as otherwise directed by VMU in writing, each invoice submitted by IBM shall be substantially similar to the invoice attached hereto as Schedule C, and shall include a summary section that includes, at minimum, the following information:
A. Period of time covered by the invoice;
B. Total invoice amount for VMU according to Service type;
C. Current month payments;
D. Balance due;
E. Calculations utilized to establish the charges, as applicable;
F. Credit and debit adjustments, including all ARCs and RRCs approved by VMU and the calculations utilized to establish all such adjustments;
G. Identification of all pass-through expenses for the month to which the invoice corresponds;
H. Identification of the amounts of any taxes IBM is collecting from VMU in accordance with Section 23.5; and
Invoice Summary. Supplier shall render, by means of an electronic file, a single consolidated invoice for all charges incurred each month. If Gap Affiliates are the recipients of the Services, Supplier shall first send an informational invoice to Gap world headquarters for Gap Approval. After such Gap Approval, a separate invoice shall be sent to each Affiliate directly for payment. Such informational invoice shall be conspicuously marked “Information Invoice-Do Not Pay.” For purposes of calculating the payment due date, the forty five (45) day period shall commence upon receipt of the Information Invoice. Except as otherwise directed by Gap in writing, each invoice submitted by Supplier shall be substantially similar to the invoice attached hereto as Exhibit C.8 (Monthly Invoice and Invoice Sample), and shall include a summary section that includes, at minimum, the following information:
(1) Period of time covered by the invoice;
(2) Total invoice amount for Gap and Gap department according to Service type;
(3) Current month payments;
(4) Balance due;
(5) Calculations utilized to establish the charges;
(6) Identification of all pass-through expenses for the month to which the invoice corresponds;
(7) Global activity summary, including a country-by-country breakdown that enables Gap to Approve the Charges in each individual country for the Services, including, a breakdown of chargeable units for Services, taxes, and VAT (where applicable);
(8) Individual country invoices that enable each Gap Affiliate to pay for the Services on an country-by-county basis, including a breakdown of chargeable units for Services, taxes, and VAT (where applicable);
(9) Identification of the amounts of any taxes Supplier is collecting from Gap in accordance with Section 26.5 (Taxes); and
(10) Such other details and billing information as is necessary to satisfy Gap's internal accounting or as specified by Gap to meet its ▇▇▇▇▇▇▇▇-▇▇▇▇▇ requirements, including as necessary to allow Gap to accurately allocate charges by legal entity, business unit, department, Gap Site, Statement of Work, and/or any client.
Invoice Summary. This report lists the invoice sub-totals for each department. An example of this report is shown in Exhibit J (Sample Invoice Format). Contractors must either use this format or one that is similar and includes at a minimum the following fields: i. Invoice Number
Invoice Summary. Total Charges (before deferred payment fee) Prior Term Charges (if applicable)