Why Do You Need a Bookkeeping Engagement Letter?

You might ask yourself, “Do I need an engagement letter?” The answer is a resounding yes! Here’s why: Clarifies Expectations: An engagement letter for bookkeeping helps clarify what services will be provided, preventing any confusion down the line. Protects Both Parties: It protects both the bookkeeper and the client by clearly outlining responsibilities and expectations. This way, if any disputes arise, you have a reference to turn to. Establishes Professionalism: Sending an engagement letter shows that you take your work seriously and are committed to a professional relationship. Legal Protection: While it may not replace a contract, a well-drafted engagement letter can offer some level of legal protection in case of disputes. Sets Payment Terms: It outlines billing practices and payment schedules, ensuring there are no surprises when it comes to finances.