BOOKKEEPING, PAYROLL & QUICKBOOKS SERVICE AGREEMENT

BOOKKEEPING, PAYROLL & QUICKBOOKS

SERVICE AGREEMENT

This Bookkeeping, Payroll & QuickBooks Services Agreement (“Agreement”) is made and

entered into on _____________ by and between:

Faye Pederson, F Pederson Consulting LLC with a mailing address of 311 S 4

Street, STE

113, Grand Forks, State of North Dakota,

AND

_________________________________________________________________________

Whereas the Client and F Pederson Consulting LLC (“Parties”) agree to the following terms and

conditions for F Pederson Consulting LLC’s services, as an independent contractor, in

exchange for fees:

I. Services. F Pederson Consulting LLC agrees to provide the following services:

Bookkeeping

 Accounts Payable

 Accounts Receivable

 Monthly Bank Reconciliation

 Bill Payment

 Prepare Monthly/Quarterly/Annual Management Financial Reports from

QuickBooks

Payroll Services

 Weekly/Biweekly/Semimonthly/Monthly Payroll Services with Direct Deposit

 Federal (Form 941, 940, 1099 & W2) & State (State, Unemployment & New Hire)

Payroll Tax Filing

QuickBooks Certified ProAdvisor Consulting Services

 QuickBooks Setup

 QuickBooks Setup with Payroll

 QuickBooks Telephone Support

 QuickBooks On Site Support

 QuickBooks Training

 QuickBooks Online Support

The selections shall be referred to as the “Services”. F Pederson Consulting LLC shall conduct

the Services within the specifications and guidelines set by the Client. F Pederson Consulting

LLC shall, at all times, observe and comply with generally accepted bookkeeping and

accounting practices and standards while complying with all Federal and State laws,

regulations, and procedures when completing their Services in accordance with this Agreement.

II. Fees. The Client agrees to pay F Pederson Consulting LLC:

 Per Hour. $125.00 per hour for providing Bookkeeping & Payroll Services.

$150.00 per hour for QuickBooks Consulting Services.

 Pay Expenses. In addition to the Fees provided in Section II, the Client agrees

to reimburse F Pederson Consulting LLC for any out-of-pocket expenses

incurred that include, but are not limited to, travel expenses, audit fees, tax fees,

and postage.

III. Payment Terms. The Client shall pay F Pederson Consulting LLC:

 Terms: Payment is due 10 days from Invoice Date. Payments Accepted: Cash,

Check (50.00 NSF Fee for Dishonored Payments), Visa, Mastercard & Discover

Credit Cards, Electronic Check

V. Retainer. The Client shall: (check one and initial) (New or NSF Clients Only)

_____ ☐ - Pay a Retainer. In the amount of $________________ that shall act as an

advanced payment on the Services provided by F Pederson Consulting LLC.

VI. Term. The Term of this Agreement shall be:

Ongoing Period. The arrangement of the Services provided by F Pederson Consulting

LLC shall be on-going beginning on ___________________.

VII. Termination. This Agreement shall be: (check and initial)

_____☐ - Terminated by Both Parties. By providing the other party at least 30 days’

written notice.

Unless F Pederson Consulting LLC has not performed the Services in accordance with this

Agreement, the Client shall pay F Pederson Consulting LLC, in-full, for any remaining balance

owed following the termination of Services.

VIII. Client’s Obligations. The Client shall be solely responsible for providing F Pederson

Consulting LLC all financial information related to their personal and/or business affairs

including, but not limited to, all materials, data, and documents necessary to perform the

Services under this Agreement. The Client acknowledges and agrees that the accuracy of

financial information supplied to F Pederson Consulting LLC is the sole responsibility of the

Client and F Pederson Consulting LLC shall be held harmless from any liability resulting from

the accuracy of the financial information provided.

IX. Employment Status. The Parties agree that F Pederson Consulting LLC shall provide the

Services to the Client as an independent contractor and shall not be acting or determined to be

an employee, agent, or broker. As an independent contractor, F Pederson Consulting LLC shall

be required to follow all requirements in accordance with the Internal Revenue Code which

includes, and is not limited to, payment of all taxes levied for fees collected by the Client for

payment of their employees, agents, brokers, and subcontractors. F Pederson Consulting LLC

understands that the Client shall in no way withhold any amounts for payment of any taxes from

F Pederson Consulting LLC’s accumulated fees for Services.

X. Confidentiality. F Pederson Consulting LLC, shall in the course of performing the Services

hereunder, may gain access to certain confidential or proprietary information of the Client. Such

“Confidential Information” shall include all information concerning the business, affairs, products,

marketing, systems, technology, customers, end-users, financial affairs, accounting, statistical

data, documents, discussion, or other information developed by F Pederson Consulting LLC

hereunder and any other proprietary and trade secret information of the Client whether in oral,

graphic, electronic or machine-readable form. F Pederson Consulting LLC agrees to hold all

such Confidential Information of the Client in strict confidence and shall not, without the express

prior written permission of the client, disclose such Confidential Information to third (3

) parties

or use such Confidential Information for any purposes whatsoever, other than the performance

of its obligations hereunder. The obligations under this section shall survive the termination or

expiration of this Agreement. By signing this Agreement, you the Client, authorize me, F

Pederson Consulting LLC to release financial, tax documents & confidential information to

Widmer Roel CPA. Initial Here: ______

XI. Assignment. F Pederson Consulting LLC shall have no rights to assign any of their rights

under this Agreement or delegate the performance of any of the obligations or duties hereunder,

without the prior written consent of the Client. Any attempt by F Pederson Consulting LLC to

assign, transfer, or subcontract any rights, duties, or obligations arising hereunder shall be void

and of no effect.

XII. Notices. Any notices, bills, invoices, or reports required by this Agreement shall be deemed

received on the day of delivery if delivered by hand, standard mail, or e-mail during the receiving

party’s regular business hours.

XIII. Governing Law. This Agreement shall be construed in accordance with and governed by

Federal laws and those located in the State of North Dakota and Minnesota.

XIV. Dispute Resolution. All disputes under this Agreement shall be settled by arbitration in the

State of governing law before a single arbitrator pursuant to the commercial law rules of the

American Arbitrator Association. Arbitration may be commenced at any time by any party hereto

giving written notice to the other party to a dispute that such dispute has been referred to

arbitration. Any award rendered by the arbitrator shall be conclusive and binding upon the

parties hereto. This provision for arbitration shall be specifically enforceable by the parties and

the decision of the arbitrator in accordance herewith shall be final and binding without right of

appeal.

XV. Severability. If any provision of this Agreement shall be held to be illegal, invalid or

unenforceable under present or future laws, such provisions shall be severable, this Agreement

shall be construed and enforced as if such illegal, invalid or unenforceable provision had never

comprised a part of this Agreement; and, the remaining provisions of this Agreement shall

remain in full force and effect.

XVI. Limitation of Liability. In no event shall either party be liable to the other party for any

indirect, incidental, consequential, special or exemplary damages, including without limitation,

business interruption, loss of or unauthorized access to information, damages for loss of profits,

incurred by the other party arising out of the services provided under this Agreement, even if

such party has been advised of the possibility of such damages. In no event will neither party’s

liability on any claim, loss or liability arising out of or connected with this Agreement shall

exceed the amounts paid to F Pederson Consulting LLC during the period immediately

preceding the event giving rise to such claim or action by the Client or the limits of F Pederson

Consulting LLC’s professional liability policy, whichever is greater of the errors and omissions

policy that is in place.

XVII. Indemnification. Each party shall at its own expense indemnify and hold harmless, and at

the other party’s request defend such party affiliates, subsidiaries, and assigns its respective

officers, directors, employees, sublicensees, and agents from and against any and all claims,

losses, liabilities, damages, demand, settlements, loss, expenses, and costs, including

attorneys’ fees and court costs, which arise directly or indirectly out of or related to any breach

of this Agreement or the gross negligence or willful misconduct of a party’s employees or

agents.

XVIII. Entire Agreement. This Agreement is the final, complete and exclusive agreement of the

parties with respect to the subject matter hereof and supersedes and merges all prior or

contemporaneous representations, discussions, proposals, negotiations, conditions,

communications, and agreements, whether written or oral, between the parties relating to the

subject matter hereof and all past courses of dealing or industry custom. No modification of or

amendment to this Agreement shall be effective unless in writing and signed by each of the

Parties.

XIX. Waiver. The waiver by either party of a breach of or a default under any provision of this

Agreement shall not be effective unless in writing and shall not be construed as a waiver of any

subsequent breach of or default under the same or any other provision of this Agreement, nor

shall any delay or omission on the part of either party to exercise or avail itself to any right or

remedy that it has or may have hereunder operate as a waiver of any right or remedy.

IN WITNESS WHEREOF the parties have duly executed this Agreement as of the date first

written.

F Pederson Consulting LLC

Signature:____________________ Signature:____________________

Date:____________________ Date:___________________