The Bookkeeping Service Agreement is essential for businesses in Singapore seeking to outsource their financial record-keeping functions. This document is designed to comply with Singapore's regulatory framework, including the Accountants Act, Companies Act, and PDPA. It provides a clear framework for the engagement of professional bookkeeping services, defining service scope, deliverables, timelines, and quality standards. The agreement is particularly relevant given Singapore's strict financial reporting requirements and the need for accurate, compliant bookkeeping practices in business operations.
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1. Parties: Identification of service provider and client
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of bookkeeping services to be provided
5. Term and Termination: Duration of agreement and termination conditions
6. Fees and Payment: Service fees, payment terms and conditions
7. Confidentiality: Protection of sensitive information
8. Data Protection: PDPA compliance and data handling procedures
1. Service Level Agreement: Specific performance metrics and standards - used for larger clients or complex service arrangements
2. Staff Requirements: Qualifications and experience of staff providing services - used when specific expertise or certifications are required
3. Insurance: Professional indemnity and other insurance requirements - used for high-value clients or high-risk services
4. Dispute Resolution: Specific procedures for handling disputes - used for international clients or complex arrangements
1. Schedule of Services: Detailed breakdown of specific bookkeeping tasks and responsibilities
2. Fee Schedule: Detailed pricing structure and additional charges
3. Service Level Metrics: Specific performance indicators and measurement criteria
4. Data Processing Agreement: Detailed terms for handling personal and financial data
5. Client Requirements: Specific client obligations and information requirements
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