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Terms and Conditions

Precise Bookkeeping Services

  1. 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.

  2. 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.

  3. 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.

  4. 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.
  5. 5. Confidentiality

    We will maintain confidentiality of your information, except where disclosure is required by law or authorized by you in writing.

  6. 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.
  7. 7. Record Retention

    We retain working papers and certain records for 7 years. You remain responsible for maintaining original documents.

  8. 8. Termination

    Either party may terminate services with 30 days’ written notice. Fees remain payable for all work performed up to termination.

  9. 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. 10. Amendments

    We may revise these Terms from time to time. Continued use of our services constitutes acceptance of any updated Terms.

  11. 11. Entire Agreement

    These Terms, together with your engagement agreement, represent the entire understanding between you and Precise Booking Services.