- 1. Introduction
These Terms and Conditions govern the provision of bookkeeping and related services by
Precise Booking Services (“we,” “us,” “our”) to clients (“you,” “your”). By engaging our
services, you acknowledge and agree to these Terms.
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2. Scope of Services
We provide professional bookkeeping and related services, including but not limited to:
- Full-Cycle Bookkeeping: Monthly financial statements, reconciliations,
GST returns, payroll, and tax preparation.
- Payroll Management: Payroll processing, direct deposits, source
deductions, and year-end T4 slips.
- GST / PST Filing: Preparation and filing of returns to ensure
compliance.
- Year-End Preparation: Reports, T4s, and summaries with collaboration
alongside your accountant.
- Software Support: Setup, training, and troubleshooting for Sage,
QuickBooks, and other accounting software.
- Direct CRA Communication: Representation and communication with the CRA
on your behalf.
The specific scope of your services will be confirmed in a signed engagement agreement.
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3. Client Reponsibilities
You agree to:
- Financial Records: Provide accurate, complete, and timely financial
records and supporting documentation.
- Responsibilities: Retain responsibility for business decisions, tax
filings, and compliance with applicable laws.
- Record Keeping: Keep original copies of all records, as we do not serve
as a records custodian.
Delays or errors in providing information may impact the accuracy or timeliness of our
services.
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4. Fees and Payment
- Fee Structure: Fees will be set out in your engagement agreement
(hourly, fixed fee, or monthly retainer).
- Payment Terms: Invoices are payable within 15 days of the invoice
date.
- Late Payments: Late payments may accrue interest at 2% per month (24%
annually) or
the maximum permitted by law.
- Non-Payment: Services may be suspended or terminated if accounts remain
unpaid.
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5. Confidentiality
We will maintain confidentiality of your information, except where disclosure is
required by law or authorized by you in writing.
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6. Limitations of Liability
- We will exercise due care, skill, and diligence in providing services.
- We are not liable for indirect, consequential, or incidental losses.
- Our liability is limited to the total amount of fees paid to us in the 12 months
preceding a claim.
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7. Record Retention
We retain working papers and certain records for 7 years. You remain responsible for
maintaining original documents.
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8. Termination
Either party may terminate services with 30 days’ written notice. Fees remain payable
for all work performed up to termination.
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9. Governing Law
These Terms are governed by the laws of British Columbia, Canada, and any disputes will
fall under the exclusive jurisdiction of the courts in British Columbia.
- 10. Amendments
We may revise these Terms from time to time. Continued use of our services constitutes
acceptance of any updated Terms.
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11. Entire Agreement
These Terms, together with your engagement agreement, represent the entire understanding
between you and Precise Booking Services.