Disclaimer & No Professional Advice

Last updated: 10 May 2026 | Read together with the Terms of Service

This Disclaimer governs your use of the Accwisely Service and the Generated Output. By using the Service, you acknowledge and accept the matters set out in this Disclaimer.

1. Nature of the Service

Accwisely is a document-formatting tool. It takes a trial balance uploaded by the User and produces a draft set of financial statements in Microsoft Word format, structured in the way that unaudited financial statements for Singapore private limited companies are typically structured.

2. What the Service is not

Accwisely is not, and is not held out by us as:

• An audit firm or a public accountant under the Accountants Act 2004 (Singapore).
• A legal practice or a provider of legal advice.
• A tax agent under the Income Tax Act 1947 (Singapore).
• A corporate secretarial services provider.
• A bookkeeping or accounting services provider that takes responsibility for the underlying accounting records.

3. No certification of compliance or accuracy

We do not certify, warrant, or guarantee that the Generated Output:

• Complies with Singapore Financial Reporting Standards or any other accounting framework.
• Is suitable for filing with the Accounting and Corporate Regulatory Authority of Singapore (ACRA), the Inland Revenue Authority of Singapore (IRAS), or any other regulator.
• Is suitable for audit, free from material misstatement, or accurate in any specific respect.
• Is suitable for use as evidence in legal, tax, regulatory, or commercial proceedings.
• Reflects the most current accounting standards or interpretations as at the date of generation.

4. No professional advice

Nothing produced by, or obtained from, the Service constitutes accounting, audit, tax, legal, financial, or other professional advice. The Service is not a substitute for engagement of a qualified accountant, tax agent, or legal advisor. You should not act, or refrain from acting, in reliance on the Generated Output without first obtaining advice from a qualified professional advisor familiar with your specific circumstances.

5. Your responsibility

You are solely responsible for:

• The accuracy, completeness, and lawfulness of the trial balance and other input you upload.
• Reviewing the Generated Output, including (without limitation) by engaging a qualified accountant or tax agent for that purpose.
• Any decision taken by you, your organisation, or any third party in reliance on the Generated Output.
• Compliance with all applicable laws and regulations in respect of the underlying business and the financial statements ultimately issued.

6. Acknowledgement

By using the Service, you acknowledge that you have read, understood, and accepted this Disclaimer in full.