Financial Reconciliation Template

FINANCIAL RECONCILIATION TEMPLATE

PARTIES

RECITALS

WHEREAS, Client Name: seeks to obtain an independent reconciliation of financial records, bank statements and related supporting documentation for the Account or Project Reference identified above;

WHEREAS, Service Provider / Reconciler Name: represents that it has the requisite expertise and will perform reconciliation services in accordance with the terms set forth in this agreement;

WHEREAS, the parties desire to set forth the scope, payment terms and other contractual provisions governing the reconciliation services rendered for the Period Covered below.

PERIOD COVERED

Period Start Date:     Period End Date:

SCOPE OF WORK

Service Provider shall perform a detailed financial reconciliation of Client's accounting records, general ledger entries, bank statements and supporting documentation for the Period Covered. Reconciliation activities include transaction verification, identification of reconciling items, preparation of adjusting entries, and preparation of a reconciliation report documenting variances and recommended adjustments.

RECONCILIATION DETAILS

PAYMENT TERMS

Client shall pay Service Provider the fees set forth below in consideration for the reconciliation services and related deliverables. Fees are exclusive of applicable taxes unless otherwise stated.

Late payment shall accrue interest at the rate specified below and Client shall be responsible for all reasonable costs of collection, including attorneys' fees, to the extent permitted by law.

TERM AND TERMINATION

This Agreement commences on the Start Date below and continues through the End Date below unless earlier terminated in accordance with this section.

Start Date:     End Date:

Either party may terminate this Agreement for convenience upon written notice to the other party delivered at least days prior to the intended termination date. Termination for cause may occur immediately upon written notice if the other party materially breaches any obligation and fails to cure such breach within thirty (30) days after receipt of written notice.

CONFIDENTIALITY

Each party acknowledges that in the course of performance it may receive Confidential Information of the other party. "Confidential Information" means non-public financial data, account details, reports, internal analyses, customer lists and any information designated as confidential or that reasonably should be understood to be confidential. Each party shall: (a) use Confidential Information only for the purposes of performing under this Agreement; (b) restrict disclosure to employees or agents who have a need to know and who are bound by confidentiality obligations no less protective than those set forth herein; and (c) protect Confidential Information with at least the same degree of care it uses to protect its own confidential information, but in no event less than reasonable care.

I acknowledge receipt of Confidential Information and agree to the confidentiality obligations stated above.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction specified below without regard to conflicts of law principles.

ENTIRE AGREEMENT

This Agreement, including all exhibits, attachments and written statements of work signed by the parties, constitutes the entire agreement between Client and Service Provider with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals and communications, whether oral or written. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

CERTIFICATION

The undersigned certify that, to the best of their knowledge, the reconciliation details provided in this form fairly represent the reconciled balances, and that any recommended adjustments will be recorded in the accounting records in accordance with applicable accounting principles.

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