JEBE BOOKKEEPING SERVICES

Unit G Mezzanine Floor, RGH Bldg.,

No. 3 Timog Ave., South Triangle, Quezon City
Tel. No.: 448-5103 / 281-5500

Engagement Letter for Bookkeeping and Taxation Services

This letter is to confirm our understanding of the terms and objectives of our
engagement as well as the nature and limitations of the services we will provide.

Our Responsibility

Beginning March 1, 2017, we will perform the following selected services to

your company:

Reconcile checking account with the bank statement each month for proper
account balance and to identify any errors. We will make correcting entries
directly to and identify the source of each adjustment. We will tell you of
these adjustments and make you aware of any corrections.
Review, analyze and reconcile general ledger accounts for accuracy and
confer with you regarding any items not fully understood.
Prepare and record all necessary journal entries to reflect correct accounting
records.
Prepare and present monthly and quarterly Financial Statements.
Prepare Income Tax Returns on a quarterly basis.
Review Sales Journal and prepare VAT Returns (if applicable).
Review Purchase Journal and prepare VAT Relief or summary list of sales and
purchases.
Review and reconcile Payroll records for Withholding Tax on compensation.
Prepare e-BIR forms 2550M or 2550Q.
Prepare and process forms 1702-Q, 1601-E and 1601-C.
Review and audit expenses from petty cash fund and render reports of said
audit.
eBir filing of all required returns and the corresponding payments of tax due,
if any.

Client will:

Provide us the following documents:

a. Bank statement as of the end of the month;

b. List of checks issued with the corresponding date of issuance;
c. Official receipts and sales invoices.
d. Official receipts of purchases
e. Proof of expenses.
f. Prior years tax returns (2550-M, 2550-Q, 2307, 2316, 1604-E, 1604-CF, 0605)
g. BIR Certificate of Registration.
h. Articles of incorporation
i. By-laws
j. Certificate of incorporation
k. General Information Sheet
l. Lease contract
m. Loan agreement, if any
n. Detailed list of company assets (description, date of acquisition, original cost,
and current value).
o. Books of account
p. Documents needed in filing ATP if needed;
q. Prior years Income Tax Return with complete attachments

Client agrees that the above-listed documents particularly item should be forwarded
to our office on or before the 5th day of the filing month to enable us to
provide you with current, meaningful and useful financial statements and to enable
us to file your tax returns on time.
 JEBE BOOKKEEPING SERVICES
Unit G Mezzanine Floor, RGH Bldg.,
No. 3 Timog Ave., South Triangle, Quezon City
Tel. No.: 448-5103 / 281-5500

Retention Policy:

It is our policy to keep work papers related to the engagement for three years.
Original records are returned to you for safekeeping. When records are returned, it
is your responsibility to retain and protect them for future use, potential
examination by any government or regulatory agency, prospective buyers of your
business, acquiring business loans, etc.

Fee Policy:

Our fees for these bookkeeping services will depend on the service agreement plus
out of pocket expenses. An acceptance fee of P5,000 for VAT is due at the time of
engagement. On-going bookkeeping services will be billed on a monthly basis due
and payable on or before the 5th day of the filing month.

Any additional accounting services requested will be billed separately. This may
include, but is not limited to, any compliance services including handling license,
accreditation, tax clearance, audit representation or filing renewals.

This engagement does not include business management. We will not review the
payment of any invoices or bills. If an amount appears unusual or out of the
ordinary, we will call it to your attention, but we do not take any responsibility in the
discovery of any errors, irregularities, or fraud.

All invoices are due and payable upon presentation. Billings become delinquent if
not paid within 30 days of the invoice date. If billings are past due in excess of 90
days, we will stop all work until your account is settled on paid.

The client acknowledges and agrees that we are not required to continue the work
in the event of failure to pay on a timely basis for services rendered as required by
this engagement letter. The client further acknowledges and agrees that in the
event we stop work or withdraw from this engagement as a result of the clients
failure to pay on a timely basis for services rendered as required by this
engagement letter, JEBE bookkeeping shall not be liable for any damages that occur
as a result of ceasing to render services.

If a dispute arises among the parties hereto, the parties agree first to try in good
faith to settle the dispute amicably.

If the foregoing is in accordance with your understanding, please sign the

Engagement Letter in the space provided and return it to JEBE Bookkeeping
Services.

Thank you for this opportunity to serve you

Sincerely,

_____________________________ ____________________

Date

Approved:

_____________________________ ____________________________ Owner/President of the

Company Name of Company
 JEBE BOOKKEEPING SERVICES
Unit G Mezzanine Floor, RGH Bldg.,
No. 3 Timog Ave., South Triangle, Quezon City
Tel. No.: 448-5103 / 281-5500

Fill out company name and owner name and email to: jebebookkeeping@gmail.com