Common use of Sales Reporting Clause in Contracts

Sales Reporting. Companies who obtain work as a result of their addition to an ITPS notification list in WEBS are subject to sales reporting requirements. Accordingly, companies, who have invoiced purchasers during a quarter, are required to submit a report to DES detailing all amounts invoiced during that quarter. An "amount invoiced" is a sales amount listed on an invoice less any taxes, returns, credits, or adjustments. You agree to submit quarterly sales reports to DES as instructed on the ITPS webpage. I Agree You understand that your failure to accurately report sales can be cause for removal from the program, the charging of interest or penalties, or the exercise of other remedies provided by law. I Agree You understand that DES reserves the right to audit, or have a designated third party audit, applicable records to ensure that purchasers have been properly invoiced and all management fees have been remitted. I Agree

Sales Reporting. Companies who obtain work as a result of their addition to an ITPS notification list in WEBS are subject to sales reporting requirements. Accordingly, companies, who have invoiced purchasers during a quarter, are required to submit a report to DES detailing all amounts invoiced during that quarter. An "amount invoiced" is a sales amount listed on an invoice less any taxes, returns, credits, or adjustments. You agree to submit quarterly sales reports to DES as instructed on per the ITPS webpagecontract. I Agree You understand that your failure to accurately report sales can be cause for removal from the program, the charging of interest or penalties, or the exercise of other remedies provided by law. I Agree You understand that DES reserves the right to audit, or have a designated third third-party audit, applicable records to ensure that purchasers have been properly invoiced and all management fees have been remitted. I Agree