Disclaimer

1. Not Professional Accounting, Tax, or Legal Advice

Nastrum Books is accounting software. It is not an accountant.

Nothing in Nastrum Books — including any report, calculation, suggestion, label, category, template, or on-screen guidance — constitutes professional accounting advice, tax advice, legal advice, financial planning advice, or any other form of professional advisory service.

Nastrum AI is not a licensed accounting firm, chartered accountancy practice, tax consultancy, or legal services provider. We do not hold professional qualifications to give regulated financial or tax advice in any jurisdiction.

The platform is designed to help you organise, record, and view your own financial data. Decisions made based on that data — including decisions about taxes, business strategy, financial reporting, compliance, or investments — are your own responsibility.

You should always consult a qualified, licensed professional (accountant, tax advisor, solicitor, or financial advisor) for advice specific to your business, circumstances, and jurisdiction. See Section 12 for guidance on when to seek help.

2. Accuracy of Financial Data

Nastrum Books stores and displays the data that you and your team members enter. The accuracy, completeness, and correctness of your financial records depends entirely on the accuracy of the data you input.

We do not verify, audit, cross-check, or validate the financial data you enter. We have no way of knowing whether:

• An invoice amount is correct.
• An expense has been correctly categorised.
• A transaction has been recorded in the right period.
• All income or expenses have been recorded.
• Data entered complies with applicable accounting standards (GAAP, IFRS, IndAS, or others).

Garbage in, garbage out. Inaccurate or incomplete input will produce inaccurate reports, regardless of how sophisticated the software is. You are responsible for the integrity of your financial data.

3. Tax Compliance

Nastrum Books includes features to assist with VAT, GST, and other tax calculations. These features are designed as tools to help you organise tax-relevant data — they are not a guarantee that your tax filings will be correct or compliant.

You are solely responsible for:

• Determining the correct tax rates that apply to your business, products, services, and transactions in your jurisdiction.
• Correctly classifying transactions as taxable, exempt, zero-rated, or outside scope.
• Filing accurate tax returns with the relevant tax authority (e.g. FTA in UAE, GSTIN/GSTP in India, HMRC in UK, ATO in Australia).
• Meeting all tax payment deadlines.
• Keeping up to date with changes in tax law in your jurisdiction.
• Maintaining records in the format and for the duration required by your local tax authority.

Tax laws are complex, change frequently, and vary significantly between jurisdictions, industries, and business types. A tax calculation shown in Nastrum Books is based only on the rate and classification you have configured — it does not account for exceptions, special rules, or regulatory changes of which we may not be aware.

We strongly recommend that you have your tax returns reviewed by a licensed tax advisor before filing, particularly in your first year using the software or after any changes in tax law.

4. Currency & Exchange Rates

Nastrum Books supports multi-currency transactions and can display live exchange rates sourced from third-party rate providers. These rates are provided for convenience only.

Important limitations:

• Exchange rates displayed in Nastrum Books are indicative, not guaranteed. They are not the rates at which your bank, payment provider, or exchange service will process transactions.
• Rate data may be delayed by up to 24 hours depending on the data source and refresh frequency.
• Rate sources (including ExchangeRate-API, ECB, and others) may experience outages, inaccuracies, or errors.
• We are not liable for any loss, gain, discrepancy, or financial impact resulting from exchange rate differences between rates shown in Nastrum Books and rates applied by third parties.
• For official accounting or tax purposes, you should use exchange rates from your country's official source (e.g. UAE Central Bank, Reserve Bank of India, Bank of England, ATO).

5. Reports & Calculations

The reports generated by Nastrum Books — including Profit & Loss statements, Balance Sheets, Cash Flow statements, Tax Reports, and KPI Dashboards — are based on the data you have entered and the accounting rules embedded in the software.

• Reports are only as accurate as the underlying data. Missing, duplicated, or miscategorised transactions will produce incorrect reports.
• The software applies general accounting logic. It cannot account for industry-specific accounting treatments, complex consolidation requirements, or jurisdiction-specific reporting standards without appropriate configuration by you.
• Reports generated by Nastrum Books are not a substitute for financial statements prepared by a qualified accountant for statutory, audit, or investor purposes.
• We do not guarantee that calculations are free of software errors or bugs. While we test thoroughly, we recommend periodically reconciling key figures against your bank statements and source documents.

6. No Guarantee of Audit Readiness

Using Nastrum Books does not guarantee that your financial records will satisfy the requirements of a tax audit, statutory audit, due diligence process, or any other formal review by a regulatory or government authority.

Audit readiness depends on the completeness, accuracy, and organisation of your records — factors that are within your control, not ours. We recommend consulting your accountant on record-keeping requirements specific to your jurisdiction and business type.

7. No Investment or Financial Planning Advice

Nothing in Nastrum Books — including KPI dashboards, financial performance summaries, cash flow projections, or any other data display — constitutes investment advice, financial planning advice, or a recommendation to buy, sell, or hold any asset, security, or business interest.

Business financial data shown in the software reflects historical records and calculations based on your input. It is not a prediction of future performance. Do not make significant financial, investment, or business decisions solely on the basis of data shown in Nastrum Books without consulting a qualified financial advisor.

8. Third-Party Links & Services

Nastrum Books may contain links to third-party websites, integrations, or resources. These are provided for convenience. We do not control, endorse, or accept responsibility for the content, accuracy, privacy practices, or availability of third-party sites and services.

Accessing third-party services through or from Nastrum Books is at your own risk and subject to that third party's own terms and policies.

9. Service Availability

We aim to provide a reliable, high-availability service. However, we do not guarantee that Nastrum Books will be available at all times, error-free, or free from interruptions due to maintenance, technical failures, or events outside our control.

We are not liable for any losses arising from temporary inability to access the service, including missed payment deadlines, late filings, or business disruptions, provided the interruption was not caused by our gross negligence.

We strongly recommend maintaining your own offline copies of critical financial data, particularly before statutory deadlines.

10. Jurisdiction Differences

Nastrum Books is used by businesses in many countries, each with different accounting standards, tax laws, regulatory requirements, and financial reporting obligations.

The software is designed to be flexible and support multiple jurisdictions, but it cannot fully account for every local variation, recent legislative change, or industry-specific requirement in every country where it is used.

It is your responsibility to ensure that your use of the software and the records you maintain comply with the laws and regulations of your specific jurisdiction. When in doubt, consult a local professional.

11. Limitation of Liability

To the maximum extent permitted by applicable law, Nastrum AI shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages arising from:

• Errors, omissions, or inaccuracies in your financial data.
• Tax penalties, fines, or assessments resulting from incorrect tax filings.
• Financial losses arising from decisions made based on data, reports, or calculations in the software.
• Currency exchange rate discrepancies between the software and actual transaction rates.
• Temporary unavailability of the service.
• Failure to meet audit, statutory, or regulatory requirements.

Our full liability terms are set out in Section 17 of our Terms of Service.

12. When to Seek Professional Help

Nastrum Books works best when used alongside qualified professional advice. We recommend consulting a licensed accountant or tax advisor when:

• You are setting up your accounting system for the first time.
• You are registering for VAT, GST, or any other tax scheme.
• You are preparing statutory financial statements for filing with a companies registry.
• You are preparing tax returns, particularly for complex situations (multiple entities, cross-border transactions, capital gains).
• You are subject to a tax audit or regulatory review.
• Your business structure changes (new entity, merger, acquisition, winding up).
• You are making significant financial or investment decisions.
• You are unsure about how to classify a transaction or apply a tax rule.

Good accounting software and a good accountant are not mutually exclusive — they work best together. Nastrum Books makes the day-to-day work easier; your accountant brings the professional judgement and legal responsibility.

Questions? hello@nastrumbooks.com