active UAC logo blueT yellowG HD
  • Home Page
  • GrowCon

Client Contracts

Facebook
Twitter
LinkedIn
Email

Client Contracts

Facebook
Twitter
LinkedIn
Email

To Contract or Not to Contract!

You’ve finished your marketing presentation to your most promising potential client. They’re impressed with your confidence, energy, and offer. They’re ready to say “yes.” Do you pull out your bookkeeping service contract, or do you not?In most cases, the answer is “not.”Most experienced freelancers have learned (the hard way) that small business owners avoid contracts, almost to the point of paranoia. They’ve heard all the horror stories where businesses signed a contract, any contract, and lived to regret it. Taking out the contract right now may kill the deal.Not only does it put the potential client relationship in jeopardy, but you have to consider what value the contract is, anyway.To begin with, the service contract simply formalizes your verbal agreement with the client. You can accomplish this just as well with a letter to the client, called an “Engagement Letter,” which you prepare and send when you return to your office. This one page letter, on your company letterhead, thanks the client for their time, lists the services you’re to offer, and restates your monthly fee.Secondly, since you will pick up the set-up fee before you do any work, then request payment from the client upon delivery of financial statements, your greatest potential loss is one month’s billings. So the contract isn’t required for payment purposes, either.Finally, since you guarantee their satisfaction, you’re taking all the risk. If they don’t like your work, they’re not going to pay for it, contract or not.However, on occasion a client might ask for a contract for their records, and legal peace of mind. If that be the case, here’s a contract form you can customize to fit your business and services. To download this form, click here.

author avatar
Roger Knecht

Table of Contents

I Want Answers!

Screenshot 2024 03 21 at 110604 AM 1

Fill out this form to speak with an advisor or request an application. We will reach back out to you very shortly!

Or give us a call at:

Categories

Recent Articles

Recommended Reads

Tax Preparation Course

Enroll Today Speak to An Advisor About How it works Testimonials Course Details Coaches Curriculum FAQs Apply Today More than just a Tax Preparation Course We focus on hitting your income & career goals. If

Read More »

Professional Bookkeeper Certification Course

Get The Skills To Be A Bookkeeping & Accounting Professional     What is our Professional Bookkeeper™ Certification?   Many professions use designations and certifications to identify their areas of expertise. It recognizes individuals as

Read More »

Become An Enrolled Agent, EA

Become An Enrolled Agent, EA https://vimeo.com/1025315486 An enrolled agent is a tax practitioner who is licensed with the Internal Revenue Service to represent clients before the IRS. An enrolled agent is the highest credential awarded

Read More »
QuickBooks Specialist Certificationjpg

QuickBooks Certification

Get the Skills to Be a QuickBooks Specialist QuickBooks Specialist™ Certification The Professional Bookkeeper’s Guide to QuickBooks is designed to teach anybody how to use QuickBooks. Whether or not you consider yourself a bookkeeping professional,

Read More »

Accountant Certification Programs

Get Certified in Accounting, Bookkeeping, Tax Prep, QuickBooks etc. Enhance & Grow Your Business Knowledge in as little as 4 Weeks with Our Accountant Certification Programs From employers to clients, everyone likes a financial professional

Read More »