Terms of use

About these terms

kerd.ai is online software that helps accounting firms keep the books for their clients' investments: statements in, holdings at cost and market value, gains on disposal, the month-end revaluation and its journal. These terms set out what we provide and what your firm agrees to when it uses kerd.ai at app.kerd.ai (opens in a new tab). The parts about the website also apply to anyone who visits www.kerd.ai.

"We", "us" and "our" mean Scope Limited, a company registered in Malta (Malta Business Registry registration number C 107107), of Digital Hub, Level 1, Malta Life Sciences Park, Sir Temi Zammit Buildings, San Ġwann SGN 3000, Malta, and its group companies.

These terms apply from the moment we give you access to kerd.ai. By signing in, you confirm that you have read them and that you may accept them for your firm, and you accept them for your firm and for yourself.

kerd.ai will keep changing as firms tell us what they need, and so will these terms. We'll post any change here and try to email you about it. The version on this page is the one that applies, so please check it from time to time.

Words we use

• Account owner: the person who sets up a firm in kerd.ai, and the firm on whose behalf they do it.
• User: anyone else who uses kerd.ai with the account owner's permission.
• You: the account owner and, where it fits, a user.
• Data: anything you, or anyone you allow, put into kerd.ai, including client details and statements, and what kerd.ai makes from it.
• Fees: the fees for kerd.ai agreed with you in writing, excluding taxes and duties.
• Confidential information: information of a confidential nature either of us shares with the other, including kerd.ai itself, but not information that is public through no fault of the person who received it.
• Intellectual property rights: patents, trade marks, copyright, design rights, know-how and similar rights anywhere in the world, registered or not.
• Third-party applications: other software you connect to kerd.ai or use with it, and the services kerd.ai relies on to work, such as the sign-in providers.

Using kerd.ai

We give you the right to use kerd.ai with the roles and access your firm's plan allows. This right is not exclusive, can't be transferred and depends on these terms. Unless the account owner and its users have agreed otherwise in writing:

• the account owner decides who is a user, which role each user has and which clients they can see, and can change or remove that access at any time;
• the account owner is responsible for how its users use kerd.ai;
• if the account owner and a user disagree about access, the account owner decides.

Use of kerd.ai may have limits, for example on the number of clients, users or statements read in a period. Any limits are shown in kerd.ai or agreed with you.

Fees and payment

We'll tell you the fees in writing before you are charged anything. Once fees apply, we invoice by email at the end of each month, to you or the billing contact you give us, until these terms end. Invoices are payable within 10 days of the invoice date, and you pay any taxes and duties on top of the fees.

Your firm may pay the fees for the clients it adds to kerd.ai. We don't give refunds.

Your obligations

Use kerd.ai and this website only for your firm's lawful business, under these terms. You may use kerd.ai to provide services to your clients, as long as you are authorised to do so.

Sign-in is with a Google or Microsoft account, or a code we email you, so keep those accounts and that inbox secure. Tell us straight away at kerd@scope.com.mt if you think someone has used your access without permission, and take the steps we reasonably ask to keep kerd.ai secure.

When you use kerd.ai, you must not:

• try to get round its security, or that of anyone who hosts it for us;
• use it in a way that harms how it works or stops other people using it;
• try to reach data, systems or parts of kerd.ai you haven't been given access to;
• upload anything harmful, offensive or unlawful, including material you have no right to use;
• copy, change, decompile or reverse engineer the software behind kerd.ai or this website, except as the law allows for normal use.

You will compensate us for claims, costs, damage and loss that come from your breaking these terms, including the cost of recovering unpaid fees.

Software, not advice

kerd.ai is software for accounting firms. It does not provide investment, tax or legal advice, and we are not a regulated investment service. Nothing in kerd.ai or on this site is a recommendation to buy, sell or hold any investment. We are not your accountant.

Google Gemini reads the statements you upload, and the data it extracts may be incomplete or wrong. Your staff check every line before anything is saved, and you are responsible for checking the figures, gains, valuations, reports and journals kerd.ai produces before you rely on them, send them to a client or post them to your books.

It is your decision whether kerd.ai suits your firm, and you remain responsible for your clients' books, your reports, the advice you give and complying with accounting, tax and record-keeping laws, including where you keep your records.

Screens and figures on this website are examples on sample data, such as Sample & Co Accountants and Halcyon Example Holdings Ltd, not real firms or clients. Features marked "Coming soon" aren't available yet, and their timing and final form may change.

Capital at risk. The value of investments can go down as well as up. Past performance is not a reliable indicator of future results.

Your data

Your data belongs to you. You give us a licence to use, copy, send, store and otherwise process it only to provide kerd.ai to you and for purposes connected with that.

Keep your own copies of the data you put into kerd.ai. We work to prevent data loss but can't promise none will happen, and as far as the law allows we are not liable for lost data, however it happens.

If you connect a third-party application to kerd.ai, you allow its provider to reach your data as needed for it to work with kerd.ai. We are not responsible for what that provider does with your data.

Confidentiality and privacy

Each of us keeps the other's confidential information confidential, and uses it only as these terms allow, unless the other agrees in writing or the law, a regulator or a court requires otherwise. This doesn't apply to information that is or becomes public through no fault of the person who received it, that came lawfully from someone free to share it, that the receiver already had without restriction, or that was developed independently. This duty continues after these terms end.

Our privacy notice explains how we handle personal data, including client data we process on your firm's behalf. It forms part of these terms, and by accepting these terms you accept it.

Intellectual property

kerd.ai, this website, their documentation, and the kerd.ai name and logo belong to us or to the people who licensed them to us. You may read, link to and share pages from this website, but not copy it for another site or product, or use the kerd.ai name or logo in a way that suggests we endorse you, without our written permission.

Xero, Zoho Books, Google Gemini, Google and Microsoft are trademarks of their owners. Naming them doesn't mean they endorse kerd.ai.

Warranties and liability

If you use kerd.ai for someone else, such as your firm or a client, you confirm you have the right to do so, and that you are responsible for who you let see their data. We may refer any request for that data to you, and you will compensate us for claims that come from our refusing access under these terms, or giving access with your permission.

kerd.ai and this website are provided as they are, and you use them at your own risk. We don't promise they will be uninterrupted, free of errors or suitable for any particular purpose; the internet and the systems kerd.ai relies on can fail or interfere with access, and we are not responsible for that. As far as the law allows, all implied conditions and warranties are excluded.

You are using kerd.ai for business, so, as far as the law allows, consumer protection laws don't apply to it or to these terms.

As far as the law allows, we are not liable to you or anyone else, in contract, negligence or otherwise, for any loss or damage from using or relying on kerd.ai or this website, including loss of data, profit or savings. If you suffer loss because of our negligence or a breach of these terms, our liability for any one incident, or connected incidents, is limited to the fees you paid in the previous 12 months. If you're not satisfied with kerd.ai, your remedy is to end these terms. Nothing here limits liability that the law does not allow us to limit, such as liability for fraud.

Trial and ending the service

Trial. When you first get access, you can try kerd.ai under the trial conditions shown to you, with no obligation to continue. If you don't continue, you need do nothing: your account stays dormant until you come back or ask us to close it.

Ending without fault. Either of us can end these terms by giving the other at least 30 days' written notice. If you end them, you pay the fees up to the end of the month in which you gave notice. We don't refund any prepaid period.

Breach. If you break these terms and don't put it right within 14 days of our notice, or the breach can't be put right (including fees more than 30 days overdue), or your business becomes insolvent, goes into liquidation or makes an arrangement with its creditors, we may end these terms, suspend your use of kerd.ai and this website, suspend or end access to any data, and do the same for anyone you allowed to use kerd.ai.

After the end. Rights and duties built up before the end stay in force, as do the parts of these terms meant to last, such as payment, confidentiality, liability, intellectual property and warranties. You remain liable for amounts due, and must stop using kerd.ai.

Support and availability

If something goes wrong, please look into it first, then email kerd@scope.com.mt and we'll help.

We aim to keep kerd.ai available all day, every day, but it may be unavailable at times for maintenance or development. If we need a longer break than usual, we'll try to tell you in advance.

General

• Entire agreement: these terms, with our privacy notice and any notices we give you under them, are the whole agreement between you and us about kerd.ai, and replace anything said or agreed before.
• Waiver: if either of us lets a breach go, that doesn't waive any other breach, and a waiver only counts in writing.
• Delays: neither of us is liable for a delay or failure caused by something outside our reasonable control.
• Assignment: you may not transfer your rights under these terms without our written consent.
• Governing law and disputes: these terms, and any dispute about them, are governed by the laws of Malta. You may refer a dispute to arbitration under the Arbitration Act (Chapter 387 of the Laws of Malta), held at the Malta Arbitration Centre in Malta.
• Severability: if any part of these terms can't be enforced, it is replaced by a provision that comes as close as possible to its purpose, and the rest still applies.
• Notices: notices under these terms are given by email and count as given when sent. Send yours to kerd@scope.com.mt; we'll send ours to the email address you use for kerd.ai.
• Third parties: only you and we can enforce these terms.

These terms apply unless you and we agree otherwise in writing.