Document background
The Bookkeeping Agreement is essential for businesses operating in the Philippines that require professional financial record-keeping services. This document is typically used when engaging either individual bookkeepers or accounting firms to maintain financial records, ensure tax compliance, and provide regular financial reports. The agreement addresses key requirements under Philippine law, including compliance with the Philippine Accountancy Act, National Internal Revenue Code, and Data Privacy Act. It provides necessary legal protection for both service providers and clients while establishing clear expectations for service delivery, professional standards, and confidentiality. The document is particularly important given the strict regulatory environment for financial reporting and accounting practices in the Philippines.
