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The Bookkeeping Contract is essential for businesses operating in Saudi Arabia that require professional financial record-keeping services. This document is typically used when engaging external bookkeeping services or formalizing internal bookkeeping arrangements. It ensures compliance with Saudi Arabian commercial law, SOCPA standards, and ZATCA requirements while protecting both service provider and client interests. The contract covers crucial aspects such as service scope, professional standards, confidentiality, data protection, and regulatory compliance. It's particularly important given Saudi Arabia's specific requirements for financial reporting, Zakat calculations, and VAT compliance. The document should be customized based on whether the services are provided by an individual professional, a bookkeeping firm, or an internal department.

1. Parties: Identification of the service provider (bookkeeper) and the client, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the client's business and need for bookkeeping services

3. Definitions: Key terms used throughout the agreement, including technical accounting terms and regulatory references

4. Scope of Services: Detailed description of bookkeeping services to be provided, including specific tasks, frequency, and deliverables

5. Service Provider's Obligations: Specific responsibilities of the bookkeeper, including compliance with SOCPA standards and maintaining professional certifications

6. Client's Obligations: Client responsibilities including providing necessary documentation, access to records, and timely information

7. Fees and Payment Terms: Service fees, payment schedule, expenses, and late payment consequences

8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

9. Confidentiality: Obligations regarding protection of sensitive financial information and business data

10. Data Protection and Security: Measures for protecting financial records and compliance with data protection requirements

11. Professional Standards: Commitment to follow SOCPA standards and relevant accounting principles

12. Liability and Indemnification: Limitations of liability and indemnification obligations of both parties

13. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

14. General Provisions: Standard clauses including force majeure, notices, and amendment procedures