The accounting contract is concluded between a client and an accountant to provide accounting services for one (1) period or one month. The accountant most likely has access to bank data, receipts, revenue details and other financial information. It is therefore imperative that the selected accountant be someone you can trust. It is therefore important to establish an accounting contract to keep things professional and guarantee your interests from day one. The first statement begins with the documentation of the date on which the two parties conclude this agreement. To do this, you must register this calendar month and calendar day in the first empty line and the year in the empty second line. The accountant must be named in this statement. Therefore, look for the space called “accountant” and establish the legal name of the mandated accountant. You must consolidate the identity of this entity by creating its postal address in the next three empty lines.
The client who intends to hire the above accountant through this paperwork must have indicated his full name on the blank line, under the name “customer.” His postal address must also be listed here. Use the last three empty lines to view the address, city and status of the customer`s postal address. In addition to defining services, this section of the accounting contract also contains information on rates for services. It legitimizes your assertion that the customer has agreed to pay a certain amount at a specified price for all the services you provide. Depending on the business model and the type of project, you can charge a flat-rate service fee, hourly rates or monthly retention. The document contains another calendar, which contains a list of tasks and accounting tasks. The list is not exhaustive, and you must add, delete and modify it to reflect all the services to be provided (and so that it does not contain any services not offered). The signature area below the statement (“In Witness Whereof… ” provides sufficient space for the accountant and client to formally conclude this agreement. The accountant must sign the empty line called “accounting signature” and then establish the signature date in the empty line called “date.” In addition, the accountant must print his name in the “Print Name” line. The client must also provide an execution signature. He must sign the “Customer Signature” line and then indicate his signature date on the adjacent line.
Once done, the customer must present his or her name in the “Print Name” line. On the other hand, the liberal professions should review the accounting agreement before cooperating. Important clauses on the project should be considered to ensure that both parties are on the same side. Such guidelines may hold a party to account in the event of a violation. Freelancers can also research their clients` experience to determine their reputation when it comes to recruiting freelance accountants. There should be a bargaining space to ensure that the freelancer and the client are satisfied with the final results. There is also a timetable that contains proposed provisions for the structuring of royalties, but there are a number of ways to charge fees for accounting services, so you can change that or replace your own pricing rules. Then, in your accounting contract model, there is the precise description of the service you provide.