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A bookkeeping services agreement defines the relationship between a client and a bookkeeper for accounting services, whether on a one-time or recurring basis. The video tutorial covers the role of a bookkeeper, who is typically an accountant responsible for establishing processes to manage financial records for businesses or individuals, aiding in internal reports and tax returns. Tasks may include accounts payable and receivable, bank reconciliation, bill payment, budget preparation, customized reports, general ledgers, financial statements, payroll, and general bookkeeping. Bookkeepers can work full-time, part-time, or on a contract basis, with varying charges for services. Lastly, the video promises a free bookkeeping contract template.