Bookkeeping Services Agreement

A Bookkeeping Service Agreement sets out the relationship between you, the service provider, and the business receiving the services.

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Last updated January 13, 2025

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Suitable for Australia

Bookkeeping Services Agreement

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What is a bookkeeping services agreement?

A bookkeeping services agreement is a legally binding contract that outlines the terms, conditions, and scope of bookkeeping and financial services provided by a bookkeeper or firm to a business or individual client.
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When should you use a bookkeeping services agreement?

You should use a bookkeeping services agreement when hiring a bookkeeper, starting a business, engaging in tax preparation, or seeking clarity on the roles, responsibilities, and payment terms for professional bookkeeping or financial services.
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What should be in a bookkeeping services agreement?

A bookkeeping services agreement should include details about the services provided, payment terms, confidentiality, intellectual property, dispute resolution, termination conditions, and the responsibilities of both parties involved.
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Frequently asked questions

What protections does this agreement provide for service providers?

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Are there any limitations or risks for bookkeepers using this agreement?

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Is this agreement suitable for all types of bookkeeping services?

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Does this document comply with Australian regulations?

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What are the key steps after completing the agreement?

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Can the agreement be altered after signing?

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What happens if confidential information is shared accidentally?

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View Sample Bookkeeping Services Agreement

Bookkeeping Services Agreement
risk level indicator at Low level

The Legal Risk Score of a Bookkeeping Services Agreement Template is Low

Our legal team have marked this document as low risk considering:

  • There is a risk related to the handling of intellectual property created during the service provision, as the ownership of any new intellectual property created specifically for the services is exclusively owned by one party, which might not be favourable for the providing party who contributes to its creation.
  • The document outlines that any confidential information must not be disclosed without prior consent, which could pose a risk if sensitive information is unintentionally shared, leading to potential liabilities for breach of confidentiality.
  • The agreement requires written consent for any alterations to the services described, which could limit the flexibility and responsiveness of the service provider to adapt to unforeseen changes or requirements during the service period.

Overall, this document appears to offer a structured and detailed framework for the provision of services, which can be reassuring, but it also imposes strict controls over intellectual property and confidentiality that might not be suitable for all service providers, especially those who wish to retain some rights or flexibility in their operations. Users familiar with contractual agreements might find this document thorough, but should be aware of the specific obligations and restrictions it imposes, which might necessitate careful consideration or negotiation before signing.

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