Critical Accounting Provisions
Key terms that impact your financial records, compliance, and business continuity.
💰 Financial Data Ownership
Who owns your transaction records, invoices, and financial reports. Critical for understanding data access if you switch platforms or the company shuts down.
Critical🏦 Bank Connection Terms
Terms governing bank feeds, Plaid/Yodlee connections, and automated transaction imports. Review liability for connection failures or errors.
Critical📊 Report & Export Rights
Your ability to export complete financial records, reports, and historical data in standard formats (CSV, QBO, PDF).
High Risk📅 Tax Record Retention
How long financial records are retained and whether they meet IRS/tax authority requirements (typically 7 years for business records).
High Risk👤 Accountant Access Terms
Terms for granting accountant/bookkeeper access, collaboration features, and what permissions third-party users receive.
Medium Risk🔐 Security & SOC Compliance
Security certifications, encryption standards, and compliance frameworks protecting your sensitive financial data.
Medium RiskStandard Legal Provisions
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