What is Accounting Agreement?
Accounting agreement is used in situations where
You as an accounting firm are scheduled to offer accounting and bookkeeping services to your client. As an individual if you are looking to engage a professional accounting company to take care of your personal accounting. As a business owner, you want to outsource certain finance and accounting work to an accounting firm and want a contract outlined for specifics.
Accounting services will differ from company to businesses to individuals and therefore services will come at different packets and price. An accounting agreement states the different factors that govern the contract including-
Address of the firm
License to work document / professional qualifications
Scope of work
Name of the accounting firm/accountant
Length of agreement
Payment details — hourly, daily, weekly and monthly
Clauses on termination
Limitation of liability
Rights and obligations
Working format — in-house or outsourced
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