Simple Accounting Services Agreement for the United Kingdom

Simple Accounting Services Agreement Template for England and Wales

A Simple Accounting Services Agreement is a legal contract governed by the laws of England and Wales that establishes the terms and conditions under which accounting services will be provided. The agreement outlines the scope of services, payment terms, confidentiality obligations, and data protection requirements. It provides a framework for both the service provider and client to understand their respective rights, obligations, and the standards of service delivery while ensuring compliance with UK accounting and financial regulations.

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What is a Simple Accounting Services Agreement?

The Simple Accounting Services Agreement is designed for use when establishing a professional relationship between an accounting service provider and their client in England and Wales. This document is particularly useful for small to medium-sized businesses seeking standard accounting services such as bookkeeping, tax preparation, and financial reporting. The agreement ensures compliance with UK regulatory requirements while clearly defining the scope of services, responsibilities, and commercial terms. It includes essential provisions for data protection, confidentiality, and professional standards in accordance with UK accounting practices.

What sections should be included in a Simple Accounting Services Agreement?

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Services: Detailed description of accounting services to be provided

5. Fees and Payment: Payment terms, rates, and billing procedures

6. Term and Termination: Duration of agreement and termination provisions

7. Confidentiality: Protection of sensitive information

8. Data Protection: Compliance with data protection laws and GDPR requirements

What sections are optional to include in a Simple Accounting Services Agreement?

1. Service Levels: Specific performance metrics and standards - used for larger clients or complex service arrangements

2. Client Obligations: Specific responsibilities of the client - used when clear client cooperation is essential

3. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term or high-value contracts

What schedules should be included in a Simple Accounting Services Agreement?

1. Schedule of Services: Detailed breakdown of specific accounting services to be provided

2. Fee Schedule: Detailed pricing structure and payment terms

3. Data Processing Agreement: Detailed terms for handling personal data under GDPR

4. Service Level Agreement: Detailed performance metrics and standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Service Agreement

Cost

Free to use
Industries

Companies Act 2006: Primary legislation governing company formation, administration, and accounting requirements in the UK, including statutory requirements for maintaining proper accounting records and reporting

Partnership Act 1890: Foundational legislation governing traditional partnerships in England and Wales, relevant when either contracting party operates as a partnership

Limited Liability Partnerships Act 2000: Legislation governing LLPs in the UK, relevant when either party operates as an LLP structure

UK GDPR and Data Protection Act 2018: Legal framework for data protection and privacy, crucial for handling financial and personal information in accounting services

Money Laundering Regulations 2017: Regulations requiring accounting professionals to implement anti-money laundering controls and perform due diligence on clients

Proceeds of Crime Act 2002: Legislation concerning money laundering and proceeds of crime, requiring accountants to report suspicious transactions

Professional Bodies' Requirements: Regulatory requirements from bodies such as ICAEW and ACCA that govern professional conduct and standards in accounting services

Unfair Contract Terms Act 1977: Legislation governing the fairness of contractual terms and limiting the extent to which liability can be excluded in contracts

Supply of Goods and Services Act 1982: Legislation governing service contracts, implying terms about quality and reasonable care and skill in service provision

Financial Reporting Standards: Including UK GAAP and IFRS, these standards set out how annual accounts must be prepared and the principles to be followed

Consumer Rights Act 2015: Relevant when providing services to consumers, ensuring fairness and transparency in consumer contracts

Privacy and Electronic Communications Regulations: Regulations governing electronic communications and relevant for digital communication with clients

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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