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Simple Accounting Services Agreement
"I need a Simple Accounting Services Agreement for my Hong Kong retail business, covering monthly bookkeeping and tax filing services, with the agreement starting March 1, 2025, and including provisions for using cloud-based accounting software."
1. Parties: Identification of the accounting service provider and the client, including their full legal names, registration numbers, and addresses
2. Background: Brief context of the agreement and the parties' intention to enter into an accounting services arrangement
3. Definitions: Key terms used throughout the agreement, including technical accounting terms and contract-specific definitions
4. Scope of Services: Detailed description of the accounting services to be provided, including regular bookkeeping, reporting, and any specific accounting tasks
5. Term and Termination: Duration of the agreement and conditions for termination by either party
6. Fees and Payment: Service fees, payment terms, billing frequency, and late payment consequences
7. Obligations of the Service Provider: Professional standards, quality of service, timeframes, and compliance with relevant Hong Kong accounting standards
8. Client Responsibilities: Client's obligations including providing accurate information, timely responses, and necessary documentation
9. Confidentiality: Obligations regarding confidential information and compliance with the Personal Data (Privacy) Ordinance
10. Professional Standards: Commitment to follow HKICPA standards and relevant Hong Kong accounting regulations
11. Limitation of Liability: Extent and limitations of the service provider's liability for errors or omissions
12. General Provisions: Standard contract clauses including governing law, notices, and entire agreement
1. Tax Services: Additional section when tax preparation or advisory services are included
2. Audit Support: Optional section for services related to supporting external audits
3. Cloud Accounting Services: Section covering online accounting software usage and related responsibilities when digital services are provided
4. Multiple Entity Services: Section for clients requiring services for multiple related entities
5. International Reporting: Additional provisions for clients requiring reporting under multiple jurisdictions
6. Staff Secondment: Terms for providing temporary accounting staff to work at client premises
7. Dispute Resolution: Optional detailed dispute resolution procedures, including mediation provisions
8. Insurance Coverage: Specific insurance requirements and coverage details when required by client
1. Schedule 1 - Service Description: Detailed breakdown of specific accounting services, including frequency and deliverables
2. Schedule 2 - Fee Schedule: Detailed fee structure, including hourly rates, fixed fees, and additional charges
3. Schedule 3 - Service Levels: Specific performance metrics, response times, and service standards
4. Schedule 4 - Key Personnel: List of key team members assigned to the client's account and their roles
5. Appendix A - Required Documentation: List of documents and information the client must provide
6. Appendix B - Reporting Templates: Standard formats for financial reports and other deliverables
7. Appendix C - Software and Systems: Details of accounting software and systems to be used
8. Appendix D - Compliance Checklist: Checklist of regulatory requirements and deadlines
Authors
Services
Accounting Records
Applicable Laws
Business Day
Confidential Information
Deliverables
Effective Date
Fees
Financial Statements
Financial Year
Force Majeure Event
HKFRS
HKICPA
Initial Term
Intellectual Property Rights
Material Breach
Personal Data
Professional Standards
Representatives
Service Level Requirements
Service Provider
Client
Term
Working Papers
Engagement Letter
Regulatory Requirements
Reporting Period
Additional Services
Key Personnel
Designated Account Manager
Client Materials
Professional Indemnity Insurance
Accounting Software
Notice
Renewal Term
Service Schedule
Termination Date
Working Hours
Services
Term
Fees and Payment
Client Obligations
Service Provider Obligations
Professional Standards
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Insurance
Force Majeure
Termination
Anti-Money Laundering
Regulatory Compliance
Record Keeping
Warranties
Assignment
Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Variation
Third Party Rights
Non-Solicitation
Staff and Resources
Conflict of Interest
Professional Services
Financial Services
Retail
Manufacturing
Technology
Real Estate
Healthcare
Hospitality
Construction
Import/Export
E-commerce
Non-profit Organizations
Education
Logistics
Small and Medium Enterprises
Finance
Accounting
Executive Management
Operations
Compliance
Treasury
Audit
Legal
Procurement
Administration
Chief Financial Officer
Finance Director
Financial Controller
Accounting Manager
Finance Manager
Company Secretary
Business Owner
Managing Director
Chief Executive Officer
Operations Director
Compliance Officer
Audit Manager
Treasury Manager
Accounts Payable Manager
Accounts Receivable Manager
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