The bookkeeping services agreement outlines the basic terms of an arrangement between an accountant who is working as an independent contractor and their client. The contract must include clear descriptions of the services that the contractor is being hired to perform, the fees they will be paid, how the payments will be made, and whether the client will cover any of the bookkeeper’s expenses. In some instances, the bookkeeper may demand the immediate payment of a retainer before any services are rendered. The term of the contract may be fixed or ongoing and may be terminated only as specified in the agreement. The contract is legally binding once it has been signed by both parties.
What is a Bookkeeper?
A bookkeeper is an individual who records all the financial transactions made by their client (often a business or company), including sales, purchases, receipts, and payments. In some instances, the bookkeeper may also be called upon to manage the payment of their client’s bills and payroll. Although a license is not officially required, bookkeeping certification can be obtained and is recommended for anyone pursuing a career in this area.
- To prepare an individual’s financial statements for their taxes
- To produce a financial report
- To keep a ledger of company transactions
- To manage the bill payments and payroll for a company