Terms of Service

These terms are a contract between you and AIStatements ("we", "us") governing your use of aistatements.com and the AIStatements product (together, the "Service"). By creating an account or using the Service you agree to these terms. If you are using the Service on behalf of a company, you confirm you have authority to bind that company, and "you" means the company.

Plain-language summary, which does not replace the full terms: you pay a subscription, your data stays yours, you use the software honestly, and the software is a formatting and analysis tool, not a substitute for a licensed accountant.

1. The Service

AIStatements is subscription software that generates and analyzes financial statements from data you provide. You upload or connect your bookkeeping data; the Service produces income statements, balance sheets, cash flow statements, and related analysis and commentary, which you can review, edit, and export. We may improve, add, or retire features over time. If we retire a feature that is material to your plan, we will give reasonable advance notice.

2. Accounts

You need an account to use the Service. You must provide a valid email address and keep your login credentials confidential. You are responsible for activity that happens under your account. Tell us promptly at [email protected] if you suspect unauthorized access, and we will help you secure the account.

3. Acceptable use

You agree not to:

• use the Service to produce statements you know to be false or misleading, or otherwise use it for fraud;
• upload data you do not have the right to process;
• probe, scan, or test the vulnerability of the Service, or interfere with its operation;
• resell, sublicense, or provide the Service to third parties as a service bureau, except as your plan expressly allows (the Firm plan permits use on behalf of your clients);
• scrape the Service, rate-limit-evade, or use automated means to extract content other than your own data;
• reverse engineer the Service except where law grants that right notwithstanding this clause.

We may suspend accounts that violate this section, normally after notice unless the violation creates risk to the Service or other customers.

4. Plans and billing

The Service is offered on the following plans, priced per month:

Plan	Billed yearly	Billed monthly
Starter	$39/mo	$49/mo
Growth	$99/mo	$119/mo
Firm	$289/mo	$349/mo
Enterprise	Custom pricing, by invoice

• Payment. Yearly plans are charged once per year for the full term; monthly plans are charged each month. Enterprise customers are invoiced per their order form. Prices exclude taxes, which we add where required.
• Cancel anytime. You can cancel from account settings at any time. Your plan stays active until the end of the period you have paid for, and you keep access until then.
• No silent renewal. We will not auto-renew a paid term without notifying you first. We email a reminder before every renewal charge, and you can turn renewal off with one click.
• Refunds. If the Service materially fails to work and we cannot fix it within a reasonable time, we will refund the unused portion of your term. Otherwise fees are non-refundable except where law says otherwise.
• Price changes. We may change prices with at least 30 days notice; changes take effect at your next renewal, never mid-term.

5. Your data

Your data is yours. You retain all rights in the data you upload and in the statements and analysis generated from it ("Customer Data"). You grant us a limited, non-exclusive license to host, process, and display Customer Data solely to provide and support the Service. That license ends when you delete the data or close your account, subject to routine backup cycles described in our Privacy Policy.

We never sell Customer Data and never use it to train AI models. You can export your data at any time. You are responsible for the accuracy of the data you provide; the Service works with what you give it.

6. Not professional advice

Please read this section carefully. It describes what AIStatements is and, just as importantly, what it is not.

• AIStatements is software that formats and analyzes your data. It is not accounting advice, audit advice, tax advice, or investment advice.
• We are not a CPA firm and not an audit firm. Nothing produced by the Service is an audit, a review, a compilation, or any other form of attestation.
• Outputs are generated from the data you provide. They come with no guarantee of GAAP or IFRS compliance. Whether your statements comply with any accounting framework depends on your data, your accounting policies, and professional judgment that software cannot supply.
• You must have a licensed professional review anything you file, submit, or rely on: tax returns, lender packages, investor materials, regulatory filings, anything with consequences.
• AI-generated commentary may contain errors, including plausible-sounding ones. Verify figures and statements against your source data before relying on them.

If you use the Service to prepare materials for a third party, you are responsible for telling them the materials were prepared with software and have not been audited.

7. Intellectual property

We own the Service, including its software, design, and content we author (documentation, blog articles, templates). These terms do not transfer any of that to you; you get a right to use the Service while your subscription is active. Feedback you send us may be used to improve the product without obligation to you.

8. Disclaimer of warranties

The Service is provided "as is" and "as available". To the maximum extent permitted by law, we disclaim all warranties, express or implied, including merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Service will be uninterrupted or error-free, or that outputs will be accurate, complete, or compliant with any accounting standard. Some jurisdictions do not allow certain disclaimers, so parts of this section may not apply to you.

9. Limitation of liability

To the maximum extent permitted by law: (a) neither party is liable for indirect, incidental, special, consequential, or punitive damages, or for lost profits, revenue, or data, even if advised of the possibility; and (b) our total aggregate liability arising out of or relating to the Service is capped at the fees you paid us in the 12 months before the event giving rise to the claim. This cap does not apply to your payment obligations or to either party's liability that cannot be limited by law.

10. Indemnity

You will defend and indemnify us against third-party claims arising from your Customer Data, your use of the Service in violation of these terms, or your filing or distribution of outputs without the professional review described in section 6. We will defend and indemnify you against third-party claims that the Service, as provided by us and used per these terms, infringes their intellectual property rights.

11. Termination

You may stop using the Service and close your account at any time. We may suspend or terminate your account for material breach of these terms if you do not cure the breach within 14 days of notice, or immediately for violations that threaten the Service or other customers. On termination, your right to use the Service ends; you have 30 days to export your Customer Data, after which we delete it per our retention schedule. Sections that by their nature should survive (including 5 through 10 and 12) survive termination.

12. Governing law and disputes

These terms are governed by the laws of the State of Delaware, USA, excluding its conflict of law rules. Courts located in Delaware have exclusive jurisdiction over disputes arising from these terms, and both parties consent to that jurisdiction. Before filing anything, contact us; most issues are resolved in one email thread.

13. Changes to these terms

We may update these terms from time to time. The date at the top shows the current version. For material changes we will email account holders at least 14 days before the change takes effect. If you keep using the Service after that date, the new terms apply. If you do not agree, cancel before the change takes effect and we will refund any unused portion of a prepaid term.

14. Miscellaneous

These terms plus any order form are the entire agreement between us regarding the Service. If a provision is found unenforceable, the rest remains in effect. Our failure to enforce a provision is not a waiver. You may not assign these terms without our consent, except to a successor in a merger or sale of your business; we may assign them to an affiliate or successor.

15. Contact

Questions about these terms: [email protected].