Scope of Services
The Service Provider agrees to provide bookkeeping, accounting, and related administrative services at the Client’s request. Services may include, but are not limited to:
- Bookkeeping and data entry
- Bank and credit card reconciliation
- Payroll processing
- HST/GST reporting
- Financial reporting
- Year-end bookkeeping preparation - Ensuring all records are complete and ready for the external accountant to prepare and file income tax returns (T1/T2).
Hourly Rate
All services are billed at $60.00 per hour, plus applicable taxes.
Payment Terms
- Invoices are issued weekly if over $100, or upon completion of services.
- Payment is due within seven (7) days of the invoice date.
- If the Client requires bookkeeping, income tax preparation (T1/T2), or HST/GST service for periods more than one (1) fiscal year in the past, a down payment of $500.00 will be required before work begins. This down payment will be applied toward the total invoice for the service provided.
- Account Hold Policy: If the Client has an outstanding balance greater than $1,000.00, any new work or services will be placed on hold until the account is brought below this threshold.
Authorization for Automatic Withdrawal
By signing this Agreement, the Client authorizes the Service Provider to withdraw any outstanding invoice within seven (7) days of issuance. If the payment has not been made by that time, the amount will be taken from the chequing account on file in QuickBooks. The Client agrees to ensure sufficient funds are available to cover the transaction.
Credit Card Authorization Option
If you prefer to have your payment charged to a credit card instead of your bank account, please email your credit card information or call our office at 506-854-6490 to provide the details securely.
Year-End Accounting
At the close of each fiscal year, the Service Provider will compile and prepare all necessary bookkeeping and financial data to be sent to a licensed accountant for T1 (personal) and/or T2 (corporate) tax filings, as applicable.
Record Retention
The Client is responsible for maintaining and securely storing all original records, receipts, invoices, and supporting documents related to their financial activities for a minimum period of seven (7) years, in accordance with CRA requirements.
Startup Support Plus does not retain original client records in our office. Any documents temporarily received for bookkeeping or accounting purposes will be returned to the Client upon completion of the work.
Termination
Either party may terminate this Agreement with written notice of 14 days. All outstanding fees will become immediately due and payable upon termination.
Confidentiality
All client information, records, and financial data shall remain strictly confidential and will not be shared without written consent, except as required by law.
Your Sincerely,
