Terms of Service

Last updated: June 2026

Note for the operator (remove before publishing): This is a thorough, tailored draft prepared by an AI agent — it is not legal advice. All your details (entity, address, refund policy) are filled in. Before you rely on it, have a licensed lawyer review it — especially the limitation of liability, the arbitration/consumer carve-out, and the auto-renewal terms. Then delete this note.

These Terms of Service (the “Terms”) are a binding agreement between you (“you” or “your”) and 1001649051 Ontario Inc., operating as “Ledgerlift” (“Ledgerlift,” “we,” “us”), governing your access to and use of the Ledgerlift website, application, and services (the “Service”). By creating an account, clicking “I agree,” or using the Service, you accept these Terms. If you do not agree, do not use the Service.

1. What Ledgerlift is — and is not

Ledgerlift is software that extracts data from bank-statement files you upload and converts it into spreadsheet and accounting-import formats, including a balance-reconciliation check. Ledgerlift is not an accounting firm, bookkeeper, auditor, tax preparer, financial advisor, lender, or money-services business, and it does not provide audit, attest, assurance, accounting, tax, legal, lending, or financial advice. Output is unaudited and intended for management and bookkeeping use. You are responsible for reviewing and verifying all output before relying on it, filing it, or providing it to any third party.

2. Eligibility & intended use

The Service is intended for use by businesses and by professional bookkeepers and accountants in the course of their work. You must be at least the age of majority in your jurisdiction. You may only upload statements that you own or are authorized to process, and you are responsible for having the right to process any third party’s data you submit.

3. Accounts

Sign-in is passwordless (a one-time link sent to your email). You are responsible for the security of your email account and for activity under your account. Notify us promptly of any unauthorized use.

4. Plans, billing & automatic renewal

Free tier: a limited number of conversions per month at no charge, no card required.
Paid plans (Pro, Firm): billed in advance on a recurring monthly basis through our payment processor, Stripe.
Automatic renewal. Paid subscriptions automatically renew each month at the then-current price until you cancel. By subscribing, you authorize us (via Stripe) to charge your payment method on each renewal date. We will disclose the renewal price, billing frequency, and renewal date at checkout, and — where a free trial converts to paid — we will remind you before the first charge.
Cancellation. You may cancel at any time, with no retention call required, from your account billing settings; cancellation stops future renewals. Access continues until the end of the current paid period.
Refunds. Fees already charged are non-refundable, except where a refund is required by applicable law. You can cancel at any time before your renewal date to avoid the next charge; when you cancel, your access continues until the end of the current paid period.
Price & term changes. We may change prices or features on notice; changes apply to your next renewal.
Taxes. Prices are stated in U.S. dollars and exclude taxes unless stated; you are responsible for applicable taxes.

5. Acceptable use

You agree not to: (a) upload content you have no right to process, or any unlawful, infringing, or malicious content; (b) reverse engineer, scrape, or attempt to disrupt or overload the Service or its API; (c) resell or redistribute the Service or its output as a competing data-conversion service; or (d) use the Service to violate any law or any third party’s rights. We may suspend or terminate access for violations.

6. Your data & privacy

Your handling of personal and financial data is described in our Privacy Policy, which is incorporated into these Terms. In short: we don’t keep your uploaded statement file or your account-holder name; converted data is held briefly, encrypted, only so you can download it, then deleted; and we keep limited operational data. You retain all rights in your input files and the output data. You grant us a limited, transient license to process your file solely to provide the Service.

7. Intellectual property

We own the Service, including its software, models-integration, design, and content (excluding your data). Bank and software names referenced on our site are the trademarks of their owners and are used for identification only; we are not affiliated with, endorsed by, or sponsored by them. You may use your output data for any lawful purpose.

8. Accuracy disclaimer

Automated extraction can make mistakes. Ledgerlift uses optical character recognition and AI to read statements. Output may contain errors or omissions, may misread amounts or dates, and is not guaranteed to be accurate or complete. The reconciliation check is a tool to help you catch errors; it is not a guarantee. You must review and verify all output before using it. Ledgerlift is not responsible for decisions you or any third party make based on unverified output.

9. Disclaimer of warranties

The service and all output are provided “as is” and “as available,” without warranties of any kind, whether express, implied, or statutory, including any implied warranties or conditions of merchantability, fitness for a particular purpose, accuracy, title, and non-infringement, to the fullest extent permitted by law. We do not warrant that the service will be uninterrupted, error-free, or that output will be accurate or complete. Some jurisdictions do not allow the exclusion of certain warranties or conditions; in that case, the above exclusions apply to the extent permitted, and nothing in these terms limits any non-waivable statutory consumer protection.

10. Limitation of liability

To the fullest extent permitted by law, in no event will Ledgerlift, its owner, or its suppliers be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, goodwill, or business, arising out of or relating to the service or these terms, even if advised of the possibility. Ledgerlift’s total aggregate liability for all claims arising out of or relating to the service or these terms will not exceed the greater of (a) the total fees you paid to Ledgerlift in the twelve (12) months before the event giving rise to the claim, or (b) one hundred U.S. dollars (US$100).

Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law (including, where applicable, liability for fraud, for willful misconduct, for death or personal injury caused by negligence, or non-waivable consumer-protection rights). Where a jurisdiction does not permit certain limitations, they apply to the extent permitted.

11. Indemnification

You agree to indemnify and hold harmless Ledgerlift from claims, losses, and expenses arising from (a) your misuse of the Service, (b) content you upload that you had no right to process or that infringes or violates any law or third-party right, or (c) your breach of these Terms.

12. Suspension & termination

You may stop using the Service at any time and cancel any subscription. We may suspend or terminate your access for breach of these Terms, non-payment, or to comply with law. On termination, your right to use the Service ends; sections that by their nature should survive (including 6–11, 13–14) survive.

13. Governing law & dispute resolution

These Terms are governed by the laws of the Province of Ontario, Canada and the federal laws of Canada applicable there, without regard to conflict-of-laws rules. Subject to the arbitration provision below, the courts located in Ontario have exclusive jurisdiction, and you consent to that jurisdiction and venue.

Arbitration & class-action waiver (business users). If you use the Service as a business or in the course of your work, any dispute arising out of or relating to these Terms or the Service will be resolved by final and binding arbitration on an individual basis, and you and Ledgerlift each waive any right to participate in a class, collective, or representative proceeding. The seat of arbitration is Ontario; the language is English.

Consumer carve-out. If you are a consumer and you reside in a jurisdiction whose law prohibits mandatory pre-dispute arbitration or class-action waivers in consumer agreements (including Ontario, Quebec, and Saskatchewan), the arbitration and class-waiver provisions above do not apply to you to the extent prohibited, and you retain your rights under applicable consumer-protection law (including, in Ontario, the Consumer Protection Act, 2002). The remaining Terms continue to apply.

14. Changes to these Terms

We may update these Terms from time to time. If we make material changes, we will provide notice (e.g., by email or in-product) before they take effect. Your continued use after the effective date constitutes acceptance. The “last updated” date above reflects the current version.

15. General

These Terms, together with the Privacy Policy, are the entire agreement between you and Ledgerlift regarding the Service. If any provision is held unenforceable, the rest remain in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent; we may assign them in connection with a merger, acquisition, or sale of assets. Nothing creates a partnership, agency, or employment relationship.

16. Contact

Questions about these Terms: legal@ledgerliftapp.com. Operator: 1001649051 Ontario Inc. o/a Ledgerlift, 57 Chatham Street, Hamilton, ON L8P 2B3, Canada.

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This document was prepared by an AI agent as a starting draft and is not legal advice. Have qualified counsel review before relying on it.