Analyze cloud accounting software terms for bank feed data access, integration liability, data ownership upon cancellation, and subscription tier feature restrictions.
Built by Sergei Tokmakov, California-licensed attorney.
Cloud accounting platforms hold your critical financial data. These provisions can affect data ownership, access, and switching costs.
Connecting bank accounts grants broad data access—often all transactions, not just new ones. This data may be used for analytics, credit scoring, or sold to partners.
Integrations with apps from the marketplace are "use at your own risk." If an integration causes data loss or security breach, the accounting software disclaims responsibility.
Your financial data may be deleted 30-90 days after cancellation. Export formats may be limited, making migration to competitors difficult.
Granting accountant access may require them to accept terms that share your data with the software company. Their access level may exceed what you intended.
Cloud software may disclaim liability for data loss. Regular exports are your responsibility—but export features may be limited or broken without recourse.
Features you depend on may be moved to higher tiers or removed entirely. Downgrading may lock you out of historical reports or integrations.
Common terms in accounting software agreements affecting users.
Disputes resolved through arbitration.
Number of users per subscription tier.
How your usage data is collected and used.
Subscription auto-renewal policies.
Notice requirements for price changes.
Data encryption and security measures.
Tax compliance and regulatory features.
Account security requirements.
Paste service terms below to identify potentially problematic clauses.
Get a professional review of your accounting software agreement.
Schedule Review — $125/30min30-minute Zoom consultation to review your accounting software terms or financial data concerns.