Bookkeeping Agreement Template for Nigeria

This Bookkeeping Agreement is designed for use in the Nigerian business environment where proper financial record-keeping is mandated by various regulations including CAMA 2020 and overseen by the Financial Reporting Council of Nigeria. The document is essential when engaging professional bookkeeping services, whether for ongoing financial record maintenance, tax compliance, or specific accounting projects. It provides a comprehensive framework for the professional relationship, detailing service scope, deliverables, confidentiality requirements, and compliance obligations. The agreement is structured to protect both parties' interests while ensuring adherence to Nigerian accounting standards, tax regulations, and data protection laws.

1. Parties: Identifies and provides full details of the bookkeeper/firm and the client

2. Background: Contextualizes the agreement and outlines the purpose of engaging bookkeeping services

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Scope of Services: Detailed description of the bookkeeping services to be provided, including specific tasks and deliverables

5. Term and Termination: Specifies the duration of the agreement and conditions for termination

6. Fees and Payment Terms: Details the fee structure, payment schedule, and billing procedures

7. Obligations of the Bookkeeper: Outlines the bookkeeper's responsibilities, including professional standards and compliance requirements

8. Client's Obligations: Specifies the client's responsibilities, including providing necessary information and access

9. Confidentiality: Provisions for protecting sensitive financial and business information

10. Data Protection: Compliance with Nigerian Data Protection Regulation and data handling procedures

11. Professional Standards: References to applicable professional standards and compliance requirements

12. Limitation of Liability: Defines the extent and limitations of the bookkeeper's liability

13. General Provisions: Standard legal clauses including notices, amendments, and governing law