In case of Violation. Either party can terminate the agreement in case of violation of terms of agreement. Parties have to give written notice of the said violation, and if the same violation is not corrected within 30 days of receipt of the notice either party may choose to terminate the agreement. In consideration for the Services we perform, Fees shall be charged based on Hiring Model and number of hours/week as you have chosen, multiplied by the Hourly Rate as agreed in this agreement and mentioned on the Sign-up Form submitted by you online and updated from time to time and agreed in writing via email. If remote staff is assigned in the middle of a week, then first billing shall be done on a pro-rata basis. You shall pay minimum fees weekly for the number of hours/week for which remote staff is assigned as agreed in this agreement and mentioned on the sign-up form filled by you online and updated from time to time and agreed in writing via email. Payment shall be made even if you are not able to allocate the work fully or partially or for any other reason. However, fees shall be adjusted proportionately if remote staff is not available, absent, on leave, or unable to work during the week. Non availability/absence of remote staff on a particular day/days for any reason shall not be considered a violation of this agreement. We shall always try and inform you in advance about non availability or absence unless it’s an emergency or medical situation. Along with the fees set forth above, we will be entitled to reimbursement of our reasonable expenses incurred in connection with the Statement of Work for travel-related expenses and such other items as the parties may agree upon in writing. We will document expenses with receipts or other reasonable written evidence. If you object to any portion of the bill, you shall notify us in writing within seven days of receiving the bill. You shall identify in writing the specific cause of the disagreement and the amount in dispute and shall pay that portion of the invoice not in dispute under the payment terms of this agreement. To authorize credit card/payment method in our system we will charge your account $1 initially to verify and authorize the payment method. We will then refund the same amount. Any dispute over the billed amount that the parties cannot resolve by direct negotiation within ten days of presentation of the bill shall be resolved through the dispute resolution provision of this agreement. We are authorized to direct-debit the amount due from the bank account you provide. Payment will be made within seven days of receiving the bill through email. If you fail to make payment within this period, we reserve the right to stop performing services by three days’ notice through email. Any wire transfer, charges/merchant fees, taxes, chargeback fees or other fees associated with payment remittance are the responsibility of the client. If you wish to remit payment via online transfer, wire transfer, Paypal, credit card, debit card, you shall pay a transaction fee applied to each invoice. In case of default in payment or violation of payment terms, to the extent unpaid amount of any invoice not paid in full within 30 days of receipt, we will charge a late-payment interest charge of 1% per month, payable from the date of the invoice to the date payment is received. Also, you shall indemnify us for its legal costs, including reasonable attorneys’ fees and disbursements, reasonable compensation, and other expenses, etc, involved in collection of a valid debt for services rendered. If assigned remote staff to you works for more than the agreed number of hours/weeks in a particular week then the excess hours shall be billed at the same hourly rate as agreed and shall be billed along with our regular billing. - Entering Vendor Bills. - Processing Vendor Payments. - Enter/Import Payroll Transactions. - Entering and Processing Credit Card Transaction. - Calculating Sales Commissions. - Bank Account Reconciliations - Sales Tax returns - Posting of monthly journal entries (Depreciation, Amortization, Other) - Tax Data inputs into software from source documents. - Prepare work papers - Year end accounting adjustments and closing of books - Assistance with preparation of annual Form etc. - Assistance with vendor communications relating to obtaining W-9s - Review accounting staff work for consistency and accuracy - Preparing and reviewing Tax work - Review AP aging and AR aging and bring any unusual items to Management’s attention - Unearned revenue calculations - Maintain fixed assets ledger - Other balance sheet account reconciliations - Creating dashboard for management use - Customized operational reports - Key performance indicators As the work involved is qualitative in nature so points mentioned above are indicative, exact nature of work would be determined further by you and as per the policies and guidelines of yours and same shall be communicated from time to time. You will determine the exact nature of work according to your policies and guidelines and communicate these to us from time to time. Assigned remote staff members shall put their best efforts to do the work you assign in good faith. You assume full responsibility for the completeness/accuracy/ execution of the information/reports or work done by assigned remote staff. We shall designate an Account manager to supervise and monitor the attendance and dedication of remote staff assigned to you. Although we designate the account manager for establishing better control over work done, we assume no responsibility regarding quality and accuracy of the work done or any deliverable submitted or Account Manager shall not be responsible for the accuracy or completeness of the work or review of the work done by assigned remote staff. If remote staff assigned to you as mentioned above ceases to work, then we shall notify you immediately and we shall have 15 days from the date of such notification to assign another dedicated remote staff to you. We shall not charge any fees until the new remote staff is assigned to you. If you would like to replace the remote staff for any reason, we will find a replacement within 15 days. Current remote staff shall continue to work for you until we find a replacement and may provide the required transition and handholding to the new staff. You may appoint any of your employee/officers for taking reporting or giving work instructions to assigned remote staff. Under this agreement, we may issue work guidelines circular from time to time and same shall form part of this agreement. Assigned remote staff shall regularly submit timesheets to you as and when the work is done. These timesheets shall be considered as final for the purpose of calculated hours for this agreement. Assigned remote staff shall submit time and work details into your Software or system if required by you. If you believe that the work of the assigned remote staff needs improvement, you shall notify Account Manager. Account Manager/Company shall make reasonable efforts to communicate with assigned remote staff about your dissatisfaction and area of improvement required. If you are not satisfied, then we may provide replacement.
Appears in 1 contract
Sources: Terms and Conditions
In case of Violation. Either party can terminate the agreement in case of violation of terms of agreement. Parties have to give written notice of the said violation, and if the same violation is not corrected within 30 days of receipt of the notice either party may choose to terminate the agreement. In consideration for the Services we perform, Fees shall be charged based on Hiring Model and number of hours/week as you have chosen, multiplied by the Hourly Rate as agreed in this agreement and mentioned on the Sign-up Form submitted by you online and updated from time to time and agreed in writing via email. If remote staff is assigned in the middle of a week, then first billing shall be done on a pro-rata basis. You shall pay minimum fees weekly for the number of hours/week for which remote staff is assigned as agreed in this agreement and mentioned on the sign-up form filled by you online and updated from time to time and agreed in writing via email. Payment shall be made even if you are not able to allocate the work fully or partially or for any other reason. However, fees shall be adjusted proportionately if remote staff is not available, absent, on leave, or unable to work during the week. Non availability/absence of remote staff on a particular day/days for any reason shall not be considered a violation of this agreement. We shall always try and inform you in advance about non availability or absence unless it’s an emergency or medical situation. Along with the fees set forth above, we will be entitled to reimbursement of our reasonable expenses incurred in connection with the Statement of Work for travel-related expenses and such other items as the parties may agree upon in writing. We will document expenses with receipts or other reasonable written evidence. If you object to any portion of the bill, you shall notify us in writing within seven days of receiving the bill. You shall identify in writing the specific cause of the disagreement and the amount in dispute and shall pay that portion of the invoice not in dispute under the payment terms of this agreement. To authorize credit card/payment method in our system we will charge your account $1 initially to verify and authorize the payment method. We will then refund the same amount. Any dispute over the billed amount that the parties cannot resolve by direct negotiation within ten days of presentation of the bill shall be resolved through the dispute resolution provision of this agreement. We are authorized to direct-debit the amount due from the bank account you provide. Payment will be made within seven days of receiving the bill through email. If you fail to make payment within this period, we reserve the right to stop performing services by three days’ notice through email. Any wire transfer, charges/merchant fees, taxes, chargeback fees or other fees associated with payment remittance are the responsibility of the client. If you wish to remit payment via online transfer, wire transfer, Paypal, credit card, debit card, you shall pay a transaction fee applied to each invoice. In case of default in payment or violation of payment terms, to the extent unpaid amount of any invoice not paid in full within 30 days of receipt, we will charge a late-payment interest charge of 1% per month, payable from the date of the invoice to the date payment is received. Also, you shall indemnify us for its legal costs, including reasonable attorneys’ fees and disbursements, reasonable compensation, and other expenses, etc, involved in collection of a valid debt for services rendered. If assigned remote staff to you works for more than the agreed number of hours/weeks in a particular week then the excess hours shall be billed at the same hourly rate as agreed and shall be billed along with our regular billing. - Entering Vendor Bills. - Processing Vendor Payments. - Enter/Import Payroll Transactions. - Entering and Processing Credit Card Transaction. - Calculating Sales Commissions. - Bank Account Reconciliations - Sales Tax returns - Posting of monthly journal entries (Depreciation, Amortization, Other) - Tax Data inputs into software from source documents. - Prepare work papers - Year end accounting adjustments and closing of books - Assistance with preparation of annual Form etc. - Assistance with vendor communications relating to obtaining W-9s - Review accounting staff work for consistency and accuracy - Preparing and reviewing Tax work - Review AP aging and AR aging and bring any unusual items to Management’s attention - Unearned revenue calculations - Maintain fixed assets ledger - Other balance sheet account reconciliations - Creating dashboard for management use - Customized operational reports - Key performance indicators As the work involved is qualitative in nature so points mentioned above are indicative, exact nature of work would be determined further by you and as per the policies and guidelines of yours and same shall be communicated from time to time. You will determine the exact nature of work according to your policies and guidelines and communicate these to us from time to time. Assigned remote staff members shall put their best efforts to do the work you assign in good faith. You assume full responsibility for the completeness/accuracy/ execution of the information/reports or work done by assigned remote staff. We shall designate an Account manager to supervise and monitor the attendance and dedication of remote staff assigned to you. Although we designate the account manager for establishing better control over work done, we assume no responsibility regarding quality and accuracy of the work done or any deliverable submitted or Account Manager shall not be responsible for the accuracy or completeness of the work or review of the work done by assigned remote staff. If remote staff assigned to you as mentioned above ceases to work, then we shall notify you immediately and we shall have 15 days from the date of such notification to assign another dedicated remote staff to you. We shall not charge any fees until the new remote staff is assigned to you. If you would like to replace the remote staff for any reason, we will find a replacement within 15 days. Current remote staff shall continue to work for you until we find a replacement and may provide the required transition and handholding to the new staff. You may appoint any of your employee/officers employee /officers for taking reporting or giving work instructions to assigned remote staff. Under this agreement, we may issue work guidelines circular from time to time and same shall form part of this agreement. Assigned remote staff shall regularly submit timesheets to you as and when the work is done. These timesheets shall be considered as final for the purpose of calculated hours for this agreement. Assigned remote staff shall submit time and work details into your Software or system if required by you. If you believe that the work of the assigned remote staff needs improvement, you shall notify Account Manager. Account Manager/Company shall make reasonable efforts to communicate with assigned remote staff about your dissatisfaction and area of improvement required. If you are not satisfied, then we may provide replacement.
Appears in 1 contract
Sources: Terms and Conditions