Last updated: March 14, 2026
These Terms of Service ("Terms") constitute a legally binding agreement between you ("you" or "User") and Format Partners LLC ("we," "us," or "Company"), the operator of AccountingIQ, including the website at accountingaitutor.com and the AccountingIQ iOS application (collectively, the "Service"). By creating an account, accessing, or using the Service, you agree to be bound by these Terms. If you do not agree to these Terms, do not use the Service.
AccountingIQ is an AI-powered educational platform that provides accounting tutoring, study tools, and exam preparation resources. The Service includes, but is not limited to:
The Service is intended solely for educational and informational purposes.
You must be at least 13 years of age to use the Service. If you are between 13 and 18 years of age (or the age of majority in your jurisdiction), you may only use the Service with the consent of a parent or legal guardian. By using the Service, you represent and warrant that you meet these requirements.
To access the Service, you must create an account using Google Sign-In, email magic link, or another authentication method we offer. You agree to:
We reserve the right to suspend or terminate accounts that violate these Terms or that we reasonably believe are being used fraudulently.
5.1 Free Tier
AccountingIQ offers a free tier with limited daily and lifetime usage of certain features. Free tier limits are subject to change at our discretion. We are not obligated to provide notice before adjusting free tier availability.
5.2 Paid Subscriptions (Web)
Paid subscriptions on the web are processed through Stripe, our third-party payment processor. We offer Monthly ($14.99/mo), Semester ($39.99/4 months), and Annual ($99.99/year) plans. Prices are subject to change with notice. All paid plans include a 7-day free trial. You will not be charged during the trial period. If you do not cancel before the trial ends, your subscription will automatically begin and you will be charged the applicable subscription fee.
5.3 Paid Subscriptions (iOS)
iOS subscriptions are managed through Apple's App Store and are subject to Apple's terms and pricing. iOS and web subscriptions are separate and do not transfer between platforms. Use of the iOS application is additionally governed by the Apple Licensed Application End User License Agreement (Standard EULA).
5.4 Cancellation
You may cancel your web subscription at any time through the Stripe Customer Portal, accessible from your account settings. Cancellation takes effect at the end of your current billing period — you retain access until then. No partial refunds are issued for unused time within a billing period.
5.5 Refunds
Web subscription refunds are handled on a case-by-case basis. Contact hello[at]format[dot]partners for refund requests. iOS subscription refunds are handled by Apple per their refund policies.
5.6 Failed Payments
If a payment fails, your subscription status will be set to "past due." We may attempt to retry the charge. If payment cannot be collected after a reasonable period, your subscription will be canceled and access to paid features will be revoked.
You agree not to:
We reserve the right to investigate and take appropriate action against any violations, including account suspension or termination without notice.
The Service uses artificial intelligence (including Anthropic's Claude and Deepgram) to generate educational content. You acknowledge and agree that:
8.1 Your Content
You retain ownership of content you upload or create through the Service, including documents, lecture audio recordings, chat messages, flashcard decks, saved problems, notes, and study schedules ("User Content"). By using the Service, you grant us a limited, non-exclusive, worldwide, royalty-free license to store, process, transmit, and display your User Content solely for the purpose of operating and providing the Service to you.
8.2 Third-Party Processing
To provide the Service, your User Content may be transmitted to third-party AI providers (Anthropic for AI analysis, Deepgram for audio transcription). These providers process your content according to their respective terms and privacy policies. We do not use your User Content to train AI models.
8.3 Content Restrictions
You represent and warrant that you have the right to upload any content you submit to the Service and that such content does not infringe upon any third party's intellectual property rights. You are solely responsible for ensuring your use of the Service complies with your educational institution's academic integrity policies.
The Service, including its design, code, user interface, logos, trademarks, and all content created by us (including but not limited to educational articles, formulas, glossary entries, study guides, and journal entry examples), is the exclusive property of Format Partners LLC and is protected by copyright, trademark, and other intellectual property laws. You may not copy, modify, distribute, sell, or create derivative works based on the Service or its content without our prior written consent.
Your use of the Service is also governed by our Privacy Policy, which describes how we collect, use, store, and protect your personal information. By using the Service, you consent to the data practices described in the Privacy Policy.
PLEASE READ THIS SECTION CAREFULLY
THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. WE DO NOT WARRANT THE ACCURACY, RELIABILITY, OR COMPLETENESS OF ANY AI-GENERATED CONTENT, STUDY MATERIALS, PRACTICE PROBLEMS, OR EXAM PREPARATION MATERIALS PROVIDED THROUGH THE SERVICE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM THE SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS.
PLEASE READ THIS SECTION CAREFULLY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL FORMAT PARTNERS LLC, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO: LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES; DAMAGES ARISING FROM YOUR USE OF OR INABILITY TO USE THE SERVICE; DAMAGES ARISING FROM ERRORS, INACCURACIES, OR OMISSIONS IN AI-GENERATED CONTENT; DAMAGES ARISING FROM UNAUTHORIZED ACCESS TO YOUR ACCOUNT OR DATA; POOR ACADEMIC PERFORMANCE, FAILED EXAMINATIONS, OR LOST EDUCATIONAL OPPORTUNITIES; ANY RELIANCE ON AI-GENERATED CONTENT FOR PROFESSIONAL ACCOUNTING DECISIONS. OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICE SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED DOLLARS ($100.00 USD).
You agree to indemnify, defend, and hold harmless Format Partners LLC and its officers, directors, employees, agents, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of the Service; (b) your violation of these Terms; (c) your violation of any rights of a third party; (d) any User Content you upload or submit; or (e) your reliance on AI-generated content provided by the Service.
We reserve the right to suspend or terminate your account and access to the Service at any time, with or without cause, and with or without notice, including for violations of these Terms. You may delete your account at any time by contacting us at hello[at]format[dot]partners. Upon termination: (a) your right to use the Service ceases immediately; (b) we may delete your User Content after a reasonable retention period of 30 days; (c) any outstanding payment obligations survive termination; (d) Sections 7, 11, 12, 13, 15, and 16 survive termination.
These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions. Any dispute arising out of or relating to these Terms or the Service shall be resolved through binding arbitration administered by the American Arbitration Association ("AAA") in accordance with its Consumer Arbitration Rules. Arbitration shall take place in Delaware or remotely, at the election of the party filing the claim. 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 Format Partners LLC.
16.1 Entire Agreement
These Terms, together with the Privacy Policy, constitute the entire agreement between you and Format Partners LLC regarding the Service and supersede all prior agreements.
16.2 Severability
If any provision of these Terms is found to be unenforceable, the remaining provisions shall remain in full force and effect.
16.3 Waiver
Our failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.
16.4 Assignment
You may not assign or transfer these Terms without our prior written consent. We may assign our rights and obligations under these Terms without restriction.
16.5 Changes to Terms
We may update these Terms from time to time. We will notify you of material changes by email or through a prominent notice on the Service. Your continued use of the Service after such changes constitutes acceptance of the updated Terms. If you do not agree to the updated Terms, you must stop using the Service.
For questions about these Terms, contact us at:
Format Partners LLC
Email: hello[at]format[dot]partners
