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Engagement Letters: Bookkeeping Terms

Bookkeeping: Your Responsibilities

(1) You have agreed to provide us with the required information at the agreed specified time intervals so that we can carry out the bookkeeping work.

The required information and timescales are set out within the analysis of bookkeeping works contained within your engagement letter.

(2) You agree to provide us with complete and accurate information.

Where you become aware that information provided by you has altered, or circumstances have changed, you are responsible for advising us of this as soon as possible. We are not responsible for advice or reports provided that would have been altered had we been aware of the full facts.

(3) You agree that we will maintain electronic records of your accounting data on a system of our choice.

Unless we receive written instructions to the contrary, we will maintain your accounting records electronically through a combination of software packages.

Bookkeeping: Our Responsibilities

(1) We will maintain your accounting records using appropriate computer software. We have explained to you verbally what this means.

From the information and explanations you supply we will keep the following records on the relevant chosen software as follows:
– records of bank receipts and payments;
– records of cash receipts and payments;
– reconciliations of the bank and cash control accounts;
– a record of sales;
– a record of purchases;
– a record of amounts owed to the business; and
– a record of amounts owed by the business.

Further details are set out within the analysis of bookkeeping works contained within your engagement letter.

(2) We do not carry out an audit nor undertake to discover any system shortcomings or employee irregularities.

However we will advise you if we come across anything of this nature in the course of preparing the accounts.

These ‘Engagement Letters: Bookkeeping Terms’ were updated in October 2019.

What Our Clients Say

Your advice and support has been invaluable throughout this crisis period. I really appreciate it.

Paul Davidson
Encore Machinery Limited

I have worked with Richard for about 8 years and I couldn’t be happier with the level of service and commitment to the success of our business shown by him and his team. Richard is forward thinking and their desire to ‘go beyond’ and combine the accounting work with an appetite to assist in the success of our business is extremely valuable. I look forward to what the next chapter brings.

Gary Duffy
Enfonic (UK) Limited and Enfonic Limited

The team has been great at helping us get to grips with our income, expenditure and future expectations. This has supported us make decisions about the strategic direction of the business. I would highly recommend ‘Accounting & beyond’.

Suellen Morris
Okasan Marketing

We met with Richard early on in our start-up journey and it’s been great working with him and the team.  They are really keen to know what we’re doing and where we’re going and that’s not just about the numbers. We’ve been working with them to define what’s the best way forward and how we can maximise our sales and grow. Looking forward to seeing what the next few months bring!

Sharon Haylock
The Grandparent Hub Ltd