Terms of Service

Last Updated: January 4, 2026

1. Acceptance of Terms

Welcome to CloseKit. By accessing or using our service, you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you may not use CloseKit.

These Terms constitute a legally binding agreement between you (the "User" or "you") and CloseKit ("we," "us," or "our"). Your use of the service confirms your acceptance of these Terms.

2. Description of Service

CloseKit is a web-based balance sheet reconciliation tool designed to help finance teams track and reconcile prepayments, accruals, deposits, and other balance sheet items. Our service provides:

  • Chart of accounts management
  • Prepayment and accrual tracking
  • Automated amortization schedule generation
  • Balance sheet reconciliation reporting
  • Journal entry export capabilities
  • Historical audit trail functionality

We reserve the right to modify, suspend, or discontinue any aspect of the service at any time, with or without notice.

3. User Accounts

Account Creation

To use CloseKit, you must create an account by providing a valid email address and password. You must be at least 16 years old to create an account. You agree to provide accurate, current, and complete information during registration.

Account Security

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to:

  • Use a strong, unique password
  • Not share your account credentials with others
  • Notify us immediately of any unauthorized access or security breach
  • Log out from your account at the end of each session

Account Termination

We reserve the right to suspend or terminate your account at any time for violations of these Terms, illegal activity, or any other reason at our sole discretion. You may terminate your account at any time by contacting us or using the account deletion feature in the application.

4. Acceptable Use

Permitted Uses

You may use CloseKit for lawful business purposes related to financial record-keeping, reconciliation, and reporting.

Prohibited Activities

You agree not to:

  • Use the service for any illegal purpose or in violation of any laws
  • Attempt to gain unauthorized access to our systems or other users' accounts
  • Interfere with or disrupt the service or servers
  • Upload malicious code, viruses, or harmful software
  • Reverse engineer, decompile, or disassemble any part of the service
  • Use automated systems (bots, scrapers) to access the service without permission
  • Violate the intellectual property rights of CloseKit or others
  • Use the service to transmit spam or unsolicited communications
  • Impersonate another person or entity
  • Resell or redistribute the service without authorization

5. User Data and Content

Data Ownership

You retain all ownership rights to the financial data and content you input into CloseKit ("User Data"). Your User Data remains your property at all times.

License to Use Data

By using CloseKit, you grant us a limited, non-exclusive license to use, store, process, and display your User Data solely for the purpose of providing and improving the service. This license terminates when you delete your account or remove the data from the service.

Data Accuracy

You are solely responsible for the accuracy, quality, and legality of your User Data. You represent and warrant that you have all necessary rights to use and share the data you input into CloseKit.

6. Intellectual Property

CloseKit and all of its components, including but not limited to software, design, text, graphics, logos, features, and functionality, are owned by CloseKit and are protected by copyright, trademark, and other intellectual property laws.

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use CloseKit for your internal business purposes. This license does not grant you any ownership rights to the service or any right to use our trademarks without permission.

7. Data Accuracy and Professional Responsibility

Important Disclaimer: CloseKit is a tool designed to assist with balance sheet reconciliation and financial record-keeping. However:

  • You are solely responsible for verifying all calculations, reports, and data generated by the service
  • CloseKit provides assistance but does not replace professional accounting judgment
  • The service is not a substitute for professional accounting or financial advice
  • You should review all outputs and consult with qualified accounting professionals as appropriate
  • We do not guarantee the accuracy or completeness of any calculations or reports

Always perform your own due diligence and verification of financial information before making business decisions or filing reports with regulatory authorities.

8. Limitation of Liability

IMPORTANT - PLEASE READ CAREFULLY:

CloseKit is provided "AS IS" and "AS AVAILABLE" without warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.

To the maximum extent permitted by law, CloseKit and its affiliates shall not be liable for:

  • Any indirect, incidental, special, consequential, or punitive damages
  • Loss of profits, revenue, data, or business opportunities
  • Financial decisions or business actions taken based on information from the service
  • Errors, inaccuracies, or omissions in calculations or reports
  • Service interruptions, delays, or unavailability
  • Unauthorized access to or alteration of your data

Our total liability to you for any claims arising from your use of CloseKit shall not exceed the amount you paid to us in the twelve (12) months preceding the claim, or $100, whichever is greater.

Some jurisdictions do not allow the exclusion of certain warranties or limitation of liability for incidental or consequential damages. In such jurisdictions, our liability will be limited to the maximum extent permitted by law.

9. Indemnification

You agree to indemnify, defend, and hold harmless CloseKit, its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or related to:

  • Your use or misuse of CloseKit
  • Your violation of these Terms
  • Your violation of any rights of another party
  • Your User Data or any content you submit
  • Any financial decisions made based on your use of the service

10. Payment Terms

Billing Cycle

CloseKit offers monthly and annual subscription plans. By subscribing, you authorize us to charge your payment method on a recurring basis according to your selected billing cycle until you cancel.

Payment Methods

We accept payment via credit card or debit card. You must provide accurate and complete payment information and keep it up to date.

Refund Policy

If you are not satisfied with CloseKit, you may request a full refund within 14 days of your initial sign-up. After 14 days, all payments are non-refundable. To request a refund, contact our support team with your account details.

Refunds are processed to the original payment method within 5-10 business days of approval.

Price Changes

We reserve the right to change our pricing at any time. If we increase the price of your subscription, we will provide at least 30 days' advance notice before the change takes effect. Your continued use of the service after the price change constitutes acceptance of the new price.

Failed Payments

If a payment fails, we will attempt to process it again. If payment continues to fail, we may suspend or terminate your access to the service until payment is received.

11. Termination

Termination by You

You may terminate your account at any time by contacting us or using the account deletion feature. If you terminate a paid subscription, you will retain access until the end of your current billing period, but no refund will be provided for the remaining time (except as specified in our 14-day refund policy).

Termination by Us

We may suspend or terminate your account immediately if:

  • You violate these Terms
  • Your payment fails and is not resolved promptly
  • We are required to do so by law
  • We believe your actions may cause harm to us or other users
  • We discontinue the service

Effect of Termination

Upon termination, your right to access CloseKit will immediately cease. When you delete your account, your User Data is permanently deleted immediately from our systems, except where we are required to retain it for legal or regulatory purposes.

You should export any data you wish to retain before terminating your account. We are not responsible for any data loss resulting from account termination.

12. Changes to Terms

We reserve the right to modify these Terms at any time. When we make changes, we will update the "Last Updated" date at the top of this page and, for material changes, we will notify you via email or through a prominent notice in the application at least 30 days before the changes take effect.

Your continued use of CloseKit after the changes take effect constitutes your acceptance of the revised Terms. If you do not agree to the new Terms, you must stop using the service and may terminate your account.

13. Governing Law and Dispute Resolution

Governing Law

These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which CloseKit is registered, without regard to its conflict of law provisions.

Dispute Resolution

In the event of any dispute arising out of or relating to these Terms or your use of CloseKit, you agree to first contact us to seek an informal resolution. If we cannot resolve the dispute informally, both parties agree to binding arbitration or, if arbitration is not available, to the exclusive jurisdiction of the courts in our registered jurisdiction.

Class Action Waiver

To the extent permitted by law, you agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated, or representative action.

14. General Provisions

Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and CloseKit regarding your use of the service and supersede all prior agreements.

Severability

If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.

Waiver

Our failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

Assignment

You may not assign or transfer these Terms or your rights under them without our prior written consent. We may assign our rights and obligations under these Terms without restriction.

15. Contact Information

If you have questions about these Terms of Service, please contact us:

CloseKit

Email: gregory.hart55@gmail.com

We will respond to all inquiries within 5 business days.

By using CloseKit, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service. These Terms are effective as of the date stated at the top of this page.