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A bookkeeping services agreement establishes a contract between a client and a bookkeeper for either one-time or recurring accounting services. The tutorial outlines the role of a bookkeeper, who typically manages financial records for businesses or individuals, ensuring accurate internal financial reports and tax returns. Responsibilities may include overseeing accounts payable and receivable, bank reconciliation, bill payment, budget preparation, customized reports, general ledgers, financial statements, payroll, and check registers. Bookkeepers can work full-time, part-time, or on a contract basis, and the video offers a free bookkeeping contract template at the end.