Jebe Engagement Letter PDF

Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

JEBE Bookkeeping Services

Unit G, Mezzanine Floor, RGH Bldg. No. 3 Timog Avenue,


South Triangle, Quezon City
Telefax: (02) 410-8797; (02) 448-5103; (02) 281-5500
Mobile Phone: +63 917 586 7592; +63 999 882 9863; +63 932 869 9269
Email Address: jebebookkeeping@gmail.com
Website: jebebookkeeping.weebly.com

Engagement Letter for Business Bookkeeping


and Tax Preparation

This letter is to confirm our understanding of the terms and objectives of our engagement as well as the
nature and limitations of the services we will provide.

JEBE will:
Beginning ____________________________, we will perform the following selected services to
your company with the assistance of Quickbooks, a computerized accounting program:

Reconcile checking account with the bank statement each month for proper account balance
and to identify any errors. We will make correcting entries directly to and identify the source of
each adjustment. We will tell you of these adjustments and make you aware of any corrections.
Review, analyze and reconcile general ledger accounts for accuracy and confer with you
regarding any items not fully understood.
Prepare and record all necessary journal entries to reflect correct accounting records.
Prepare and present Financial Statements.
Prepare Income Tax Returns on a quarterly basis.
Review Sales Journal and prepare VAT or Percentage Tax Returns (if applicable).
Review Purchase Journal and prepare VAT Relief or summary list of sales and purchases.
Review and reconcile Payroll records for Withholding Tax on compensation.
Prepare e-BIR forms 2550M or 2550Q for VAT Taxpayers and 2551M for non-VAT Taxpayers.
Prepare and process forms 1701, 1702, 1601E and 1601C.
Setup, installation of Quickbooks program and basic training (if applicable).

Client will:

Provide us the following documents:

Cash receipt reports and deposit slips.


Cash disbursements, bank statements.
Official receipts and sales invoices.
Proof of expenses.
Check register, prior years tax return.
BIR Certificate of Registration.
Articles of incorporation, partnership agreements, COR, DTI and SEC.
Copies of purchase/lease contracts and loan agreements.
Detailed list of company assets (description, date of acquisition, original cost, and current value).
Documents needed in filing ATP and Books.
Prior year Income Tax Return and Financial Statement.
Other documents necessary for correct account reporting.

Client agrees that these documents should be forwarded to our office on or before the 5 th day of the
following month to enable us to provide you with a current, meaningful and useful financial statements
and to enable us to file your tax returns on time.

Retention Policy:

It is our policy to keep work papers related to the engagement for three years. Original records
are returned to you for safekeeping. When records are returned, it is your responsibility to retain and
protect them for future use, potential examination by any government or regulatory agency,
prospective buyers of your business, acquiring business loans, etc.
JEBE Bookkeeping Services
Unit G, Mezzanine Floor, RGH Bldg. No. 3 Timog Avenue,
South Triangle, Quezon City
Telefax: (02) 410-8797; (02) 448-5103; (02) 281-5500
Mobile Phone: +63 917 586 7592; +63 999 882 9863; +63 932 869 9269
Email Address: jebebookkeeping@gmail.com
Website: jebebookkeeping.weebly.com

Fee Policy:

Our fees for this bookkeeping services will depend on the service agreement plus out of pocket
expenses. Income Tax Returns will be billed separately. An acceptance fee of P1,000 for non-VAT and
P5,000 for VAT is due at the time of engagement. Ongoing bookkeeping services will be billed on a
monthly basis.

Any additional accounting services requested will be billed separately. This may include, but is
not limited to, any compliance services including handling license, accreditation, tax clearance, audit
representation or filing renewals.

This engagement does not include business management. We will not review the payment of
any invoices or bills. If an amount appears unusual or out of the ordinary, we will call it to your
attention, but we do not take any responsibility in the discovery of any errors, irregularities, or fraud.

All invoices are due and payable upon presentation. Billings become delinquent if not paid
within 30 days of the invoice date. If billings are past due in excess of 90 days, we will stop all work until
your account is settled on paid.

The client acknowledges and agrees that we are not required to continue the work in the event
of failure to pay on a timely basis for services rendered as required by this engagement letter. The client
further acknowledges and agrees that in the event we stop work or withdraw from this engagement as a
result of the clients failure to pay on a timely basis for services rendered as required by this
engagement letter, JEBE bookkeeping shall not be liable for any damages that occur as a result of
ceasing to render services.

If a dispute arises among the parties hereto, the parties agrees first to try in good faith to settle
the dispute amicably.

If the foregoing is in accordance with your understanding, please sign the Engagement Letter in
the space provided and return it to JEBE Bookkeeping Services.

Thank you for this opportunity to serve you

Sincerely,

_____________________________ _________________
Date

Approved:

_____________________________ ____________________________
Owner/President of the Company Name of Company

Fill out company name and owner name and email to: jebebookkeepingservices@gmail.com

You might also like