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A bookkeeping services agreement outlines the relationship between a client and a bookkeeper, detailing the provision of accounting services on either a one-time or recurring basis. The role of a bookkeeper, often an accountant, involves creating processes for managing financial records for internal reports and tax returns. Their tasks can include overseeing accounts payable and receivable, bank reconciliation, bill payment, budget preparation, customized reports, general ledgers, financial statements, and payroll. Bookkeepers can work full-time, part-time, or on a contract basis. The video also offers a free bookkeeping contract template at the end.