Engagement Letter FINAL

February 10, 2019
Mr. Kevin Kyle Asuncion

Proprietor
The Brotanist
RE: ENGAGEMENT LETTER FOR BUSINESS BOOKKEEPING
Dear Mr. Asuncion:
This letter is to confirm our understanding of the terms and objective of our engagement as well as
the nature and limitations of the services we will provide.
Our Responsibility
Beginning February 15, 2019 ending March 31, 2019, we will provide you the following bookkeeping
services:
Prepare and record all necessary journal entries to reflect correct accounting records.
Prepare and present Financial Statements.
Scope and limitation of our services:

1. Our engagement is limited to the period and the accounting services indicated above.
2. 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.
3. This engagement will not audit or review your financial statements, or any other accounting
documents and information you provide, in accordance with generally accepted auditing
standards. Accordingly, we ask that you not in any manner refer to this as an audit or review.
4. We will not verify the data you submit for accuracy or completeness. Rather, we will rely on the
accuracy and completeness of the documents and information you provide to us. Accordingly,
our engagement cannot be relied upon to disclose errors, fraud, or other illegal acts that may
exist. However, it may be necessary to ask you for clarification of some of the information you
provide, and we will inform you of any material errors, fraud or other illegal acts that come to
our attention, unless they are clearly inconsequential.
5. We have no responsibility to identify and communicate significant deficiencies or material
weaknesses in your internal controls as part of this engagement, and our engagement cannot,
therefore be relied upon to make disclosure of such matters.
6. No fees shall be collected by us for the engagement is solely for the purpose of academic
advancement thus, results and any presented information are not binding for any legal matter.
Also, it is to be understood that the responsibility of proper record keeping for other regulatory
requirements still lies with the owner(s) of the business.
Company Responsibility
The Brotanist, as well as Kevin Kyle Asuncion, are:
1. Responsible to provide us the following documents:
a) Cash receipt reports and/or deposit slips.

b) Cash disbursement reports and/or bank statements.
c) Sales invoices issued to the customers
d) Official Receipts and Invoices from suppliers and other expenditures
e) The beginning inventory count and the initial list of all business’ assets, liabilities and
capital
f) Other documents necessary for correct account reporting.
Source documents provided must bear the proper sign-off of the concerned party. (i.e.
documents issued to the customers must be properly signed by the owner and documents
issued to the business by its suppliers must be signed by the authorized supplier’s personnel)
The same way, the reports provided should also bear the signature of the owners for proper
acknowledgement.
2. In order for us to complete this engagement, and to do so efficiently, we require unrestricted

access to the following documents and information concerning your company:
a) Copies of basic documents reflecting your financial transactions, including check stubs,
summaries of cash receipts and sales (cash and credit), bank statements and checks,
listings of accounts receivable and accounts payable, and documentary support of
property and equipment transactions-purchases, trades, sales, and other dispositions;
b) Any other financial information necessary for purpose of reflection on your accounting
records, trial balance;
c) Identification of all cash receipts as to source (i.e., loans, sales, etc.), and information
concerning all transactions that are consummated with cash.
d) Scanned(softcopy)/clearly photographed copy of the source documents for recording
should we so require during the process of recording. For the ease of communicating the
same to us, kindly e-mail them to [email protected].
Any failure to provide such documents and information, and to do so on a timely basis, will impede
our services. You agree to accept responsibility for any effect on your accounting records and financial
statements of basic financial information or transaction documents not submitted to us for processing
and entry, or losses that may result from their absence.
If the foregoing is in accordance with your understanding, please sign the Engagement Letter in the
space provided and return it to the undersigned.
This letter shall only be for documentation purposes.
Thank you for this opportunity to serve you.
Sincerely,
Patricia Santos
Engagement Leader
APPROVED:
Kevin Kyle Asuncion

Proprietor
The Brotanist

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What are the responsibilities of the bookkeeping service provider?

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February 10, 2019

Mr. Kevin Kyle Asuncion

RE: ENGAGEMENT LETTER FOR BUSINESS BOOKKEEPING

Dear Mr. Asuncion:

Scope and limitation of our services:

a) Cash receipt reports and/or deposit slips.

2. In order for us to complete this engagement, and to do so efficiently, we require unrestricted

Kevin Kyle Asuncion

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