Bookkeeping Service Agreement

Here is a sample Bookkeeping Service Agreement. This is a general template and should be tailored to fit the specific needs and legal requirements of the parties involved. It is also advisable to have the final agreement reviewed by a legal professional.

BOOKKEEPING SERVICE AGREEMENT

This Bookkeeping Service Agreement ("Agreement") is made and entered into on this ___ day of _________, 20, by and between:

[Client's Name], with a principal place of business at [Client's Address] (hereinafter referred to as "Client"),

and

[Bookkeeper's Name], with a principal place of business at [Bookkeeper's Address] (hereinafter referred to as "Bookkeeper").

RECITALS

WHEREAS, the Client desires to retain the services of the Bookkeeper to perform bookkeeping services as outlined herein; and

WHEREAS, the Bookkeeper agrees to provide such services on the terms and conditions set forth in this Agreement;

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows:

1. SCOPE OF SERVICES

The Bookkeeper agrees to perform the following services for the Client (the "Services"):

Record financial transactions

Reconcile bank statements

Prepare financial statements

Maintain general ledger accounts

Process payroll and related entries

Prepare and file tax returns

Other services as agreed upon in writing by both parties

2. TERM

This Agreement shall commence on ___________ (start date) and shall continue until ___________ (end date), unless terminated earlier in accordance with Section 6 of this Agreement.

3. COMPENSATION

a. Payment Terms

The Client agrees to pay the Bookkeeper the sum of [amount] per [hour/week/month] for the Services provided. Payment shall be made [weekly/bi-weekly/monthly] on [specific day of the week/month].

b. Expenses

The Client agrees to reimburse the Bookkeeper for any pre-approved out-of-pocket expenses incurred in the performance of the Services.

4. CONFIDENTIALITY

The Bookkeeper agrees to maintain the confidentiality of all financial and business information provided by the Client and shall not disclose such information to any third party without the prior written consent of the Client, except as required by law.

5. OWNERSHIP OF WORK PRODUCT

All records, reports, and other documents created by the Bookkeeper in the performance of the Services shall be the sole property of the Client.

6. TERMINATION

a. Termination by Either Party

Either party may terminate this Agreement at any time upon thirty (30) days written notice to the other party.

b. Termination for Cause

Either party may terminate this Agreement immediately if the other party breaches any material term of this Agreement and fails to cure such breach within ten (10) days of receiving written notice of the breach.

7. INDEMNIFICATION

The Client agrees to indemnify and hold harmless the Bookkeeper from any claims, liabilities, damages, or expenses (including reasonable attorneys' fees) arising from the Client's breach of this Agreement or any third-party claims related to the Services provided.

8. INDEPENDENT CONTRACTOR

The Bookkeeper is an independent contractor and not an employee of the Client. Nothing in this Agreement shall be construed to create an employer-employee relationship between the parties.

9. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral, with respect to the subject matter hereof.

11. AMENDMENTS

No amendment or modification of this Agreement shall be valid unless in writing and signed by both parties.

12. SEVERABILITY

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

[Client's Name]

(Client)

[Bookkeeper's Name]

(Bookkeeper)

This is a basic template, and depending on the specific circumstances, additional clauses or modifications might be necessary. Consulting with a lawyer to ensure compliance with local laws and to address any specific concerns is advisable.