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Bookkeeping Engagement Letter
"I need a Bookkeeping Engagement Letter for my Dubai-based real estate company, including monthly bookkeeping services, VAT compliance, and coordination with our external auditors, with services to commence from January 2025."
1. Letter Header and Date: Professional letterhead, date, and client's address
2. Engagement Introduction: Opening paragraph confirming the engagement and thanking the client for choosing the firm
3. Client Information: Details of the client business and confirmation of the business structure
4. Scope of Services: Detailed description of bookkeeping services to be provided, including frequency and deliverables
5. Professional Standards: Statement of compliance with UAE accounting standards and relevant regulations
6. Client Responsibilities: Outline of client's obligations in providing information and maintaining records
7. Fees and Payment Terms: Details of fee structure, payment schedule, and additional charges
8. Confidentiality and Data Protection: Commitments regarding data security and confidentiality in line with UAE laws
9. Timeline and Deliverables: Specific deadlines and expected delivery schedule for services
10. Termination Provisions: Terms for ending the engagement by either party
11. Acceptance and Signature: Space for both parties to sign and date the engagement letter
1. Additional Services: Section describing potential additional services that may be required (e.g., tax advisory, VAT registration assistance)
2. Third-Party Access: Terms regarding sharing information with third parties (useful when client requires coordination with other professionals)
3. Remote Working Arrangements: Specific provisions for remote bookkeeping services if applicable
4. Dispute Resolution: Specific dispute resolution procedures if needed for higher-value engagements
5. Insurance Coverage: Details of professional indemnity insurance when required by client
6. Staff Assignment: Details of specific staff members assigned to the engagement for larger clients
1. Schedule A - Detailed Service Description: Comprehensive list of specific bookkeeping tasks and frequency
2. Schedule B - Fee Schedule: Detailed breakdown of fees for different services and payment terms
3. Schedule C - Required Documentation: List of documents and information the client needs to provide
4. Schedule D - Reporting Templates: Sample formats of reports and financial statements to be provided
5. Schedule E - Software and Systems: Details of accounting software and systems to be used
6. Appendix 1 - Key Contacts: Contact information for key personnel from both parties
Authors
Engagement Period
Professional Fees
Confidential Information
Accounting Records
Financial Statements
Working Papers
Business Day
Force Majeure
Client Materials
Deliverables
Reporting Period
VAT
Accounting Software
Professional Standards
Applicable Laws
Engagement Team
Service Provider
Additional Services
Source Documents
Chart of Accounts
Accounting Cycle
Response Time
Designated Representatives
Business Hours
Electronic Records
Financial Year
Material Change
Termination Notice
Intellectual Property Rights
Professional Fees
Payment Terms
Client Responsibilities
Service Provider Obligations
Confidentiality
Data Protection
Intellectual Property
Limitation of Liability
Force Majeure
Term and Termination
Professional Standards
Regulatory Compliance
Record Retention
Access to Information
Service Levels
Non-Solicitation
Dispute Resolution
Governing Law
Assignment
Indemnification
Notices
Entire Agreement
Amendments
Severability
Anti-Money Laundering Compliance
VAT Compliance
Software and Systems
Staff and Resources
Insurance
Professional Services
Retail
Manufacturing
Real Estate
Healthcare
Technology
Hospitality
Construction
Trading
E-commerce
Logistics
Consulting
Financial Services
Small and Medium Enterprises
Start-ups
Finance
Accounting
Operations
Compliance
Tax
Administration
Management
Treasury
Internal Audit
Corporate Governance
Chief Financial Officer
Finance Director
Accountant
Bookkeeper
Financial Controller
Business Owner
Managing Director
Finance Manager
Accounts Manager
Company Secretary
Tax Manager
Compliance Officer
Small Business Owner
Operations Manager
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