The Book-keepers Forum (BKF)

Post Info TOPIC: Letters of Engagement


Master Book-keeper

Status: Offline
Posts: 3711
Date:
Letters of Engagement


Should letters of engagement be done for sole traders and Ltd Co's, or just Ltd Co's. What are people's thoughts? It's an area where I've been a bit lax in the past.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Veteran Member

Status: Offline
Posts: 95
Date:

Hi John, I would say yes, it is professional etiquette in my opinion regardless of your company status.

__________________



Guru

Status: Offline
Posts: 1193
Date:

Leger wrote:

Should letters of engagement be done for sole traders and Ltd Co's, or just Ltd Co's. What are people's thoughts? It's an area where I've been a bit lax in the past.


Hi John, I am pretty lax too!

I tend to send out LOE with Ltd Companies although sometimes i just send an email including the services I will provide and the prices, with sole traders i tend not too bother if they are just simple tax returns which I know is wrong and if Joanne was still on here I would get my wrists slapped, but again i do send an email so it is on record.

PS, must change my Avatar!!!



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

Status: Offline
Posts: 3711
Date:

Hi Doug

Thanks, I do them for Ltd Co's now but have tended to not do them for sole traders, although I did one a month or so ago for a new client, and I haven't heard from him since!!! I was having a discussion about it with my data entry bod yesterday and that's what prompted the post.

I'm keeping my avatar, it'll be topical again come the middle of March lol.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Guru

Status: Offline
Posts: 1193
Date:

Leger wrote:

Hi Doug

Thanks, I do them for Ltd Co's now but have tended to not do them for sole traders, although I did one a month or so ago for a new client, and I haven't heard from him since!!! I was having a discussion about it with my data entry bod yesterday and that's what prompted the post.


Hi John

I think some clients look at the LOE and the amount of information in it and start to panic and do not want to sign it especially sole traders which is why I do not bother, plus in this day and age it is so easy to just go back on it and refuse to pay that it seems a waste of time anyway, just my opinion.

Cheers



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

Status: Offline
Posts: 3711
Date:

Thanks Doug and thanks Julie, both comments appreciated.



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Guru

Status: Offline
Posts: 696
Date:

An engagement letter should be issued and signed by all clients. They are not just there to ensure that you get paid but also to explain to the client scope of work, MLR terms, how to complain, your terms of business etc. If you are a member of any bookkeeping or accountancy body then you will get hauled over the coals for not having one in place for every client.



__________________

Jenny

Responses are my opinion based on the information provided. All information should be thoroughly checked before being relied on.



Veteran Member

Status: Offline
Posts: 52
Date:

Yes. For obvious reasons.

__________________



Master Book-keeper

Status: Offline
Posts: 3711
Date:

Thanks Jenny and MAAT



__________________

John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

2007-2019 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: info@bookcert.co.uk.

Privacy & Cookie Policy  About