# Contract management for accounting and audit firms

Source: https://contracko.com/industries/accounting

# Contract management for accounting and audit firms

Keep engagement letters, bookkeeping agreements, and audit service contracts organized and up to date. Track fees, liability caps, deliverables, and renewal dates across every client.

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## Never let a contract slip through the cracks

Stay on top of every deadline, renewal, and obligation with powerful automation and AI-powered insights.

### Pull key terms from engagement letters automatically

Upload an engagement letter or bookkeeping contract and our AI extracts the scope, fee structure, liability cap, term, and key deliverables. Know exactly what was agreed without re-reading every document.

### Organize every client agreement in one place

Store engagement letters, audit agreements, and tax service contracts in a searchable repository. Filter by client, service type, or renewal month.

### Review fees before the auto-renewal

Get advance alerts before bookkeeping and audit agreements renew automatically. Use the time to adjust your rates, update scope, and confirm the engagement still reflects what you deliver.

## Common contract types

Store, track, and manage all your agreements in one centralized platform—no more scattered files or missed deadlines.

### Bookkeeping contracts

Monthly bookkeeping service agreements covering scope, fees, deliverables, and liability limits.

### Audit engagement letters

Formal audit engagement agreements covering scope, timing, management responsibilities, and fees.

### Tax service agreements

Agreements for tax preparation, planning, and advisory work covering deliverables, deadlines, and fees.

### Advisory and consulting engagements

Project-based agreements for financial advisory, CFO services, and management consulting.

### Software and tool licensing

Licenses for accounting software, practice management tools, and data platforms with renewal dates and seat counts.

### Subcontractor and referral agreements

Agreements with specialist subcontractors or referral partners covering fees, confidentiality, and scope.

## Save time and reduce risk

Automate tedious tasks, eliminate missed deadlines, and gain full visibility into your contract portfolio.

### [Centralized client engagement repository](https://contracko.com/features/contract-repository)
Store every engagement letter, bookkeeping contract, and audit agreement in one searchable place organized by client, service line, or renewal date.

### [Renewal and rate review alerts](https://contracko.com/features/expiration-reminder)
Get notified before client agreements auto-renew so you have time to update fees, revise scope, and confirm terms before another year locks in.

### [AI extraction of key contract terms](https://contracko.com/features/ai-contract-analysis)
Our AI reads your engagement letters and extracts scope, fees, liability cap, term, and deliverables automatically so you always know what was agreed.

### [Expiring contract reports](https://contracko.com/features/expiration-reporting)
See which client agreements are coming up for renewal across your practice. Plan fee conversations and scope reviews before the renewal date hits.

## Frequently asked questions

Get answers to common questions about managing contracts in your industry.

- **Q:** Can Contracko track both client engagement letters and internal software contracts?
  **A:** Yes. You can store any contract type in Contracko including client engagements, software licenses, subcontractor agreements, and referral arrangements. Tag them by type to keep things organized.

- **Q:** How does Contracko help with annual fee reviews?
  **A:** Contracko sends you reminders before each client agreement renews. You can review the current fee and scope, make updates, and have the conversation with your client before the agreement auto-renews at last year's rate.

- **Q:** Can multiple partners at our firm access the same contract repository?
  **A:** Yes. Contracko supports team collaboration with role-based access. Partners, managers, and admins can each have the right level of access without sharing passwords or sending files back and forth.

- **Q:** Does Contracko store version history for engagement letters?
  **A:** Yes. Every time you upload a new version of an agreement, Contracko keeps the previous versions in the history. You can always go back and see what the original terms said.

## Related industries

Explore how Contracko helps similar industries streamline their contract workflows.

### [Legal Services](https://contracko.com/industries/legal-services)

### [Consulting](https://contracko.com/industries/consulting)

### [Financial Services](https://contracko.com/industries/financial-services)

### Ready to keep your practice contracts in order?

Accounting and audit firms use Contracko to track client engagements, catch auto-renewals, and keep their agreements organized. Start your free trial today.

[Start 7-day free trial](https://app.contracko.com/register) [View pricing](https://contracko.com/pricing)