How To Write Up A Service Agreement For Bookkeeping

Updated Nov 11, 2021

The bookkeeping services agreement is between a client and a bookkeeper to provide bookkeeping services for a 1-fourth dimension or monthly basis. The bookkeeper will most likely have access to banking records, receipts, revenue details, and other financial data. Therefore, information technology's imperative that the bookkeeper that is selected is someone who can be trusted.

Retainer – Advance payment to the auditor to begin their services. Common for larger accounting tasks or earlier tax filing and reporting.

What Does a Bookkeeper Do?
How Much Do Bookkeepers Make?
- Salary
- Hourly Rate ($/hr)
(Video) Bookkeeping Accounting Services Understanding – EXPLAINED
How to Write a Bookkeeper Services Agreement

What Does a Bookkeeper practice?

A bookkeeper, who is most probable an auditor, is someone that is hired to create a process for managing the records of a concern or individual for internal financial reports and revenue enhancement returns. The direction tasks of a professional bookkeeper vary depending on the customer; however, they may be asked to oversee whatsoever of the following:

Accounts Payable
Accounts Receivable
Depository financial institution Reconciliation
Bill Payment
Budget Grooming
Customized Reports
Detailed General Ledgers
Fiscal Statements
General Accounting
Payroll and Check Registers

How Much do Bookkeepers Make?

Factors impacting a bookkeeper'due south salary include overall feel, certification, part-time/full-fourth dimension status, location, and whether they are a piece of work-from-home or standard bookkeeper. A work-from-home bookkeeper is ofttimes an independent contractor who is able to have on multiple jobs at one time.

Bacon: $forty,240/yr (source: U.S. Bureau of Labor Statistics)
Hourly Rate: $nineteen.35/hr (source: U.South. Bureau of Labor Statistics)

(Video) Bookkeeping Accounting Services Agreement – EXPLAINED

How to Write

Download: Adobe PDF, Microsoft Word (.docx) or Open Document Text (.odt)

1 – Access The Services Agreement Template On This Page

The paperwork previewed in the image will provide the structure and language for an Accountant/Bookkeeper to solidify a Client job. It may be downloaded by clicking any of the buttons in the preview image's caption area or through the links in a higher place. Make sure your software is up-to-date earlier working on your copy. If y'all do not have the appropriate PDF editor or word processing software and then, use your browser to view, salvage, and print a copy to fill out manually.

2 – The Accountant And Client Must Exist Fully Identified

The kickoff statement volition begin past documenting the date when both parties enter this agreement. This will require you lot to record this agenda month and calendar day on the commencement blank line and the year on the second blank line. The Auditor must be named in this argument. Thus, locate the space labeled "Auditor" and produce the legal proper noun of the Auditor beingness commissioned. You must solidify this entity's identity past producing his or her mailing address beyond the next three empty lines. The Customer who intends to hire the Accountant named above through this paperwork must have his or her total name supplied on the blank line labeled "Client." His or her mailing accost should also be supplied here. Utilize the last three blank lines to nowadays the street address, urban center, and state of the Customer's mailing address.

iii – Define The Accounting Services That Will Exist Provided

Now that both concerned entities have been identified, we must provide an accurate description of the job at hand. A checklist has been supplied to the first commodity ("I. Services") allowing y'all to define the services the Accountant must supply to fulfill this understanding. In this way you lot proper noun services such equally "Accounts Payable," "Accounts Receivable," "Bank Reconciliation," "Beak Payment," "Budget Training," "Customized Reports," "Detailed General Ledgers," "Financial Statements," "General Bookkeeping," "Payroll And Check Registers," and/or "Other" services past simply marking the corresponding checkbox. Notice the final item on this list. If none of the previous items adequately define what the Accountant is being hired to practise or function of what the Accountant will be responsible for, then mark the last box and describe the services required.

iv – Record The Agreed Upon Compensation For The Accountant's Services

The next couple of manufactures volition deal with the pay of the Accountant. We will brainstorm with this report in the 2d article ("Two. Fees"). You must marking one of the checkboxes in this section to describe the pay charge per unit of the Auditor. If the Client will pay an hourly rate, then marking the beginning checkbox and fill in the dollar amount the Client must pay the Accountant for each hour of piece of work on the blank line between the dollar sign and "60 minutes For Providing The Services." If the Accountant will be paid one lump sum for the services, he or she is providing then marker the second checkbox and report the total corporeality of money the Accountant will be paid on the blank line afterwards the words "Fixed Amount." If neither of these choices adequately describe the Auditor'southward pay rate for this agreement, and then mark the third checkbox ("Other"). Apply the blank line that is provided to report precisely ow the Accountant's pay will exist calculated. The third article "3. Payment" requires an account of how frequently the Client will pay the Auditor. If the Client will pay on a regular ground over a menstruum of fourth dimension, so mark the box labeled "Recurring Payment." You must check ane of the items in this selection to indicate the exact frequency of the Auditor'due south paycheck ("Week," "Bi-Week," "Month, "Quarter," or "Year"). If the Accountant will be paid simply "Upon Completion" of the job then, mark the 2d checkbox. Y'all may supply a more than specific report or ascertain a unlike schedule of pay altogether by marker the third checkbox and supplying the details on the bare line provided. The next article shall discuss how the Customer volition treat money the Accountant pays out of pocket in order to successfully consummate the tasks he or she is being commissioned to perform. Marker the kickoff checkbox in the "Iv. Expenses" section to indicate the Client will "Reimburse The Accountant For Whatsoever Out-Of-Pocket Expenses Incurred…" that was necessary for the completion of the Client'southward project or mark the second checkbox ("Non Pay Expenses") if the Client volition not pay for whatsoever expenses incurred in relation to the job. The fifth article, "V. Retainer," should be used to solidify whether the Accountant will be paid a servant (for his or her availability). If then, then mark the first checkbox and present the dollar amount the Client will pay the Accountant to reserve his or her services. If the Customer will non exist obligated to pay a servant, so mark the second checkbox.

5 – Written report The When ANd Where This Agreement Is Effective

We must include a study on when the terms of this understanding will be agile. In "Vi. Term" yous must select one of the iii checkbox statements to define when the Accountant is expected to work for the Customer. If the Auditor is supposed to work during a pre-determined time period, so marking the "Fixed Fourth dimension-Period" checkbox. If this is the example, you should enter the first calendar engagement the Auditor is expected to work beyond the beginning two blank lines then the final calendar date of his or her employment on the last two bare lines. If this employment arrangement will begin on a specific engagement and continue until farther notice, then mark the 2nd checkbox ("Ongoing Catamenia"). The two bare lines in this selection have been supplied and so that you can report the start calendar date when the Accountant will begin working. If preferred, you lot may select the third checkbox ("Other") then give a description of how the Accountant's first and last calendar days of work will exist determined. In the 7th department, "VII. Termination," we will report on how this agreement, and thus the employment of the Accountant/Client human relationship discussed here, will end. If this agreement will continue until it is "Terminated By Both Parties" and so marker the first checkbox and tape how many days' notice the party terminating the understanding must give to the other political party on the blank line afterwards the words "…At Least." If but the Client can finish this relationship, then mark the second checkbox. Once you take done this, fill in the number of days' notice the Client must requite the Accountant when doing so. If the just the Accountant can terminate this relationship, and then marking the third checkbox. Brand sure to report the number of days before the intended termination date the Accountant must give to the Client on the blank line afterward the words "…Providing The Client." The state responsible for overseeing this understanding should exist recorded on the blank line after the term "…Located In The State Of" in the commodity labeled "Xiii. Governing Law."

6 – The Auditor And Client Must Enter This Understanding Through A Binding Signature

The signature area below the statement ("In Witness Whereof…") volition comprise enough room for both the Accountant and the Client to formally enter this understanding. The Accountant volition have to sign the blank line labeled "Accountant's Signature" then producing the signature date on the blank line labeled "Date." Additionally, the Auditor must print his or her name on the "Print Name" line. The Customer must as well supply an executing signature. He or she must sign the line "Client's Signature" and then supply his or her date of signature on the next line. Once done the Client must present his or her printed proper noun on the line "Print Name."