AI Disclaimer

Entity: WIPKeep LLC (a Minnesota limited liability company) · Contact: support@wipkeep.com

Effective date: July 12, 2026

Applies to: the WIPKeep website (https://wipkeep.com) and application (https://app.wipkeep.com) (together, the “Service”).

1. WIPKeep is software, not a professional advisor

WIPKeep is a web-based, AI-assisted bookkeeping tool. It is not an accountant, bookkeeper-of-record, tax preparer, auditor, attorney, or financial advisor, and it does not provide professional accounting, tax, audit, legal, or financial advice. Using WIPKeep does not create any professional, advisory, or fiduciary relationship between you and WIPKeep LLC. Nothing in the Service should be treated as a substitute for the judgment of a qualified professional who knows your specific situation.

2. The AI proposes — you approve

WIPKeep uses an AI assistant to help you keep your books. Here is exactly how that works, and where your responsibility lies:

• You describe a transaction in plain language.
• The AI proposes a double-entry journal entry (and may suggest classifications, accounts, or reports).
• You review and approve every entry before it is recorded. Nothing is posted to your ledger without your approval.

Because you approve each entry, you are responsible for the accuracy and completeness of your books, your account classifications, and your tax filings. WIPKeep records and reports what you approve; it does not independently verify that your entries are correct, complete, or appropriate for your business.

3. AI can make mistakes — always verify

The AI may produce results that are incorrect, incomplete, outdated, or not suitable for your situation. AI-generated suggestions can look confident and well-formatted and still be wrong. Always review each proposed entry on its own merits before approving it. Do not approve an entry you do not understand — check it, edit it, or consult a professional first.

4. A balanced entry can still be the WRONG entry

In double-entry accounting, every entry must balance — total debits must equal total credits. A balanced entry is not the same as a correct entry. Debits can equal credits and still record the wrong accounts, the wrong amounts, or the wrong meaning for what actually happened in your business.

Review the meaning of each entry, not just that it balances. Ask whether the entry actually reflects the real transaction — not only whether the numbers tie out.

5. No guarantee of compliance; tax method and filings are yours

WIPKeep does not guarantee that your books, entries, or reports comply with U.S. Generally Accepted Accounting Principles (GAAP), Internal Revenue Service (IRS) rules, state or local tax rules, or any other standard, regulation, or framework.

Your choice of accounting method (for example, cash vs. accrual) and all tax and filing decisions are your responsibility and/or that of your own accountant. WIPKeep does not select your tax method for you and does not prepare, review, sign, or file your tax returns.

6. Consult a qualified professional

The Service is a tool to help you organize and maintain your records — it is not a replacement for professional judgment. We strongly recommend that you consult a qualified accountant, tax professional, or other licensed advisor, especially:

• before filing any tax return or government report;
• before making any material financial, tax, or business decision; and
• whenever a transaction is unusual, complex, or you are unsure how to record it.

7. Garbage in, garbage out

WIPKeep’s reports — including the Balance Sheet, Profit & Loss, Cash Flow statement, 1099s, budgets, and project close/reopen — are generated from the data you enter and the entries you approve. If the inputs are wrong or incomplete, the reports will be wrong or incomplete. WIPKeep cannot detect transactions you never entered or correct facts you recorded inaccurately.

8. Keep your own backups

Your books are your financial records. You can export your reports at any time in the app. The Service is provided “AS IS,” and you are responsible for keeping your own exported copies and backups of anything you need to retain for your records, accountant, or tax filings.

9. Early-stage, evolving product

WIPKeep is an early-stage product that is actively evolving. This means features may change, be added, or be removed; the Service may contain bugs or be unavailable from time to time; and the Service is provided “AS IS” and “AS AVAILABLE,” without warranties of any kind, to the fullest extent permitted by law.

10. Limitation of liability

Your use of WIPKeep is governed by the Terms of Service, which include important limitations of WIPKeep’s liability and disclaimers of warranties. Those limits apply to everything described in this disclaimer. Please read the Terms of Service for the full terms; this disclaimer does not change or expand them. See also the Privacy Policy and the Refund & Cancellation Policy.

11. How to report a suspected error

If you believe the AI proposed something incorrect, or you spot anything wrong in your books or reports, please tell us so we can look into it:

• Email support@wipkeep.com, or
• Use the in-app “Report Issue” feature.

Reporting an issue helps us improve the Service, but it does not transfer responsibility for your books to WIPKeep — you remain responsible for reviewing and correcting your own records.