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An accounting contract should clearly define the scope of work, payment terms, timeframe for completion, confidentiality and non-disclosure provisions, and dispute resolution procedures. It's also important to include any other terms and conditions that are relevant to the specific engagement.
Hourly billing: Many accountants charge by the hour, particularly for bookkeeping or tax preparation services. Hourly rates may range from $25 to $500 or more per hour, depending on the factors mentioned earlier, such as geographic location, work complexity, and experience level.
An accounting services agreement outlines the terms, responsibilities, and obligations of both the accounting service provider and the client. It clearly understands the scope of services, payment terms, confidentiality provisions, and other important aspects of the professional relationship.
What is an Accounting Contract? Accountants and their clients often use Accounting Contracts as a means of defining the scope and payment terms for work to be done. Signed by the client and the accountant, this essential document can help each party to set expectations and reduce the risk of disagreements.