Terms & Conditions
Last Updated: 02/08/2026
Agreement to Terms
These Terms of Service ("Terms") constitute a legally binding agreement between you and Bips LLC ("Bips," "we," "us," or "our") governing your access to and use of our website, applications, and AI-powered bookkeeping services (collectively, the "Services"). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to these Terms, do not use our Services.
Our Services are intended for business use only. By using the Services, you represent that you are using them on behalf of a business entity and that you have the authority to bind that entity to these Terms.
Description of Services
Bips provides an AI-powered bookkeeping platform that connects to your financial accounts, categorizes transactions, generates profit and loss statements, and provides financial insights through a chat interface. Our Services are designed to assist small businesses with bookkeeping tasks and financial organization.
Account Registration
To use our Services, you must create an account and provide accurate, complete, and current information. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account.
Financial Account Connections
Our Services use Plaid Inc. ("Plaid") to connect to your financial accounts. By linking your accounts, you authorize Plaid to access your financial data on your behalf. Your use of Plaid's services is subject to the Plaid End User Privacy Policy, available at https://plaid.com/legal/#end-user-privacy-policy. We do not receive, access, or store your bank login credentials.
Important Disclaimers
Not Professional Advice. The Services include AI-powered tools that may provide guidance, suggestions, and general information about bookkeeping, financial management, and related topics. This guidance is intended to help you organize and understand your business finances, but it does not constitute financial advice, tax advice, legal advice, or professional accounting services.
You are solely responsible for evaluating any guidance provided by our Services and for making your own business, financial, tax, and legal decisions. We strongly encourage you to consult with qualified professionals, including certified public accountants (CPAs), tax advisors, and attorneys, before acting on any information provided through our Services or making significant financial, tax, or legal decisions.
AI Limitations and Accuracy. Our Services use artificial intelligence to categorize transactions and generate financial insights. AI technology has inherent limitations and may produce inaccurate, incomplete, or inappropriate outputs. AI can hallucinate, meaning it may generate information that appears plausible but is factually incorrect.
You are responsible for reviewing and verifying all information provided by our Services, including transaction categorizations, profit and loss statements, and any other outputs. You should not rely solely on our Services for tax preparation, financial reporting, or any other purpose where accuracy is critical. We strongly recommend that you review all outputs with a qualified professional before using them for tax filings, financial decisions, or official business purposes.
No Guarantee of Accuracy. We do not guarantee the accuracy, completeness, reliability, or suitability of any information provided through our Services. Transaction categorizations are automated suggestions and may not reflect the correct accounting treatment for your specific situation. Profit and loss statements generated by our Services are not audited financial statements and should not be treated as such.
User Responsibilities
You agree to use the Services only for lawful purposes and in accordance with these Terms. You are responsible for ensuring that your use of the Services complies with all applicable laws and regulations, including tax and accounting requirements.
You are solely responsible for the accuracy of the information you provide to us and for verifying all outputs generated by our Services. You acknowledge that you, not Bips, are responsible for your bookkeeping, accounting, tax filings, and financial decisions.
The Services are not intended to be used for credit decisions, employment screening, tenant screening, insurance underwriting, or any other purpose that would make the outputs a "consumer report" under the Fair Credit Reporting Act. You agree not to use the Services for any such purpose.
You agree not to use the Services to transmit any unlawful, harmful, or objectionable content, attempt to gain unauthorized access to our systems, interfere with or disrupt the Services, reverse engineer or attempt to extract the source code of our software, or use the Services in any manner that could damage, disable, or impair our systems.
Payment Terms
We offer a 14-day free trial of our Services. To start your free trial, you must provide valid payment information. You will not be charged during the trial period. If you do not cancel before the end of your 14-day trial, your subscription will automatically begin, and your payment method will be charged the applicable subscription fee.
By providing your payment information, you authorize us to charge your payment method for the subscription fee at the end of your free trial and on a recurring basis according to your selected billing cycle thereafter. Fees are billed in advance.
You may cancel your subscription at any time through your account settings. If you cancel during your free trial, you will not be charged. If you cancel after your subscription has begun, you will retain access to the Services until the end of your current billing period, at which point your account and its data will be deleted. We do not provide pro-rated refunds.
We reserve the right to change our pricing at any time. We will provide you with reasonable notice of any price changes, and your continued use of the Services after the price change takes effect constitutes your agreement to the new pricing.
Intellectual Property
The Services and all content, features, and functionality thereof, including but not limited to text, graphics, logos, and software, are owned by Bips or our licensors and are protected by copyright, trademark, and other intellectual property laws. You are granted a limited, non-exclusive, non-transferable license to access and use the Services for your internal business purposes in accordance with these Terms.
You retain ownership of the data you provide to us. By using the Services, you grant us a limited license to use, process, and store your data solely to provide and improve the Services.
Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL BIPS, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AFFILIATES, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, REVENUE, DATA, OR BUSINESS OPPORTUNITIES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SERVICES, REGARDLESS OF THE THEORY OF LIABILITY AND EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, OUR TOTAL CUMULATIVE LIABILITY TO YOU FOR ANY AND ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES SHALL NOT EXCEED THE TOTAL AMOUNT YOU HAVE PAID TO US IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM. IF YOU
HAVE NOT PAID US ANY AMOUNTS IN SUCH PERIOD, OUR TOTAL LIABILITY SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100).
THESE LIMITATIONS APPLY REGARDLESS OF WHETHER THE LIABILITY IS BASED ON CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, AND EVEN IF ANY LIMITED REMEDY SPECIFIED IN THESE TERMS IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.
Indemnification
You agree to indemnify, defend, and hold harmless Bips and its officers, directors, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with your use of the Services, your violation of these Terms, your violation of any applicable law or regulation, your violation of any rights of a third party, or any data or content you submit to the Services.
Termination
We may suspend or terminate your access to the Services at any time, with or without cause, and with or without notice. You may terminate your account at any time by canceling your subscription and ceasing to use the Services.
Upon termination, your right to use the Services will immediately cease. We will delete your user data in accordance with our Privacy Policy. Provisions of these Terms that by their nature should survive termination shall survive, including but not limited to disclaimers, limitations of liability, indemnification, and governing law.
Dispute Resolution and Arbitration
Any dispute, claim, or controversy arising out of or relating to these Terms or the Services shall be resolved by binding arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules. The arbitration shall be conducted in Salt Lake City, Utah, unless otherwise agreed by the parties. The arbitrator's decision shall be final and binding, and judgment on the award may be entered in any court of competent jurisdiction.
You agree that any arbitration shall be conducted on an individual basis and not as a class, consolidated, or representative action. You waive any right to participate in a class action lawsuit or class-wide arbitration against Bips.
Governing Law
These Terms shall be governed by and construed in accordance with the laws of the State of Utah, without regard to its conflict of law principles. Any legal action or proceeding not subject to arbitration shall be brought exclusively in the state or federal courts located in Salt Lake County, Utah.
Modifications to Terms
We reserve the right to modify these Terms at any time. We will notify you of material changes by posting the updated Terms on our website and updating the "Last Updated" date. Your continued use of the Services after any changes constitutes your acceptance of the modified Terms.
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.
Entire Agreement
These Terms, together with our Privacy Policy and any other agreements expressly incorporated by reference, constitute the entire agreement between you and Bips concerning the Services and supersede all prior agreements, understandings, and communications, whether written or oral.
Contact Us
If you have questions about these Terms, please contact us at support@trybips.com.