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Bookkeeping Engagement Letter
"I need a Bookkeeping Engagement Letter for my small retail business in Hong Kong, covering monthly bookkeeping services and quarterly financial reporting, with an initial term of 12 months starting January 2025."
1. Letter Header and Date: Professional letterhead, date, and client addressing details
2. Introduction: Opening paragraph thanking the client for choosing the firm and confirming the engagement
3. Scope of Services: Detailed description of the core bookkeeping services to be provided
4. Client Responsibilities: Clear outline of what the client needs to provide and their obligations
5. Our Responsibilities: Firm's commitments and professional obligations
6. Fees and Payment Terms: Fee structure, billing frequency, and payment requirements
7. Confidentiality and Data Protection: Commitments regarding data privacy and security
8. Term and Termination: Duration of engagement and termination provisions
9. Limitation of Liability: Professional liability limitations and indemnifications
10. Acceptance and Signature: Signature blocks and acceptance confirmation
1. Additional Services: Description of supplementary services available, used when offering extended service options
2. Tax Services Disclaimer: Specific disclaimer regarding tax matters, used when the client may expect tax advice
3. Third-Party Access: Terms for sharing information with third parties, used when client requires coordination with other professionals
4. Remote Working Arrangements: Specific provisions for remote service delivery, used when services are provided virtually
5. Multi-Currency Handling: Specific terms for dealing with multiple currencies, used for clients with international operations
1. Schedule A - Detailed Service Description: Comprehensive list and description of all bookkeeping services included
2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and additional charges
3. Schedule C - Required Documentation: List of documents and information the client needs to provide
4. Appendix 1 - Service Level Agreement: Specific performance metrics and service standards
5. Appendix 2 - Data Protection Protocols: Detailed procedures for handling and protecting client data
Authors
Professional Services
Financial Services
Retail
Manufacturing
Technology
Healthcare
Hospitality
Real Estate
Construction
Import/Export
E-commerce
Non-profit Organizations
Small and Medium Enterprises
Finance
Accounting
Operations
Management
Administration
Compliance
Legal
Treasury
Financial Planning and Analysis
Corporate Governance
Chief Financial Officer
Finance Director
Financial Controller
Accountant
Bookkeeper
Finance Manager
Company Director
Business Owner
Company Secretary
Accounts Manager
Small Business Owner
Managing Director
Operations Manager
Financial Analyst
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