Invoice Generation Skill

What problem does it solve?

This Skill provides comprehensive patterns for generating professional, compliant invoices, ensuring accuracy, adherence to tax regulations, and proper revenue recognition. It eliminates manual errors, streamlines the billing process, and accelerates cash flow by providing clear, auditable documentation.

Core Features & Use Cases

• Professional Invoice Structure: Defines all essential sections, from header details (logo, tax IDs, invoice number) to line item specifics and summary calculations.
• Tax Calculation Framework: Guides on sales tax (US) and VAT/GST (international) rules, including nexus determination, rate application, and reverse charge mechanisms.
• Revenue Recognition Integration: Tags each line item with performance obligation details for ASC 606 compliance, supporting point-in-time or over-time recognition.
• Use Case: A business needs to invoice a client for a software subscription and professional services. This Skill ensures the invoice includes correct tax rates for the customer's jurisdiction, properly tags revenue for recognition, and presents all information in a professional, auditable format, reducing billing disputes and accelerating payment.

Quick Start

Example: Standard Payment Terms

Net 30: Full payment due 30 days from invoice date.

2/10 Net 30: 2% discount if paid within 10 days, otherwise due in 30.

Due on Receipt: Payment immediately due.