LeaseLedger Terms of Service
1. About the service
LeaseLedger is lease accounting software that calculates lease schedules, journals, reports, and disclosures under AASB 16, IFRS 16, and ASC 842. By creating an account or using LeaseLedger, you agree to these terms. If you use the service for an organisation, you confirm that you are authorised to accept these terms for it.
2. Accounts and acceptable use
Provide accurate account details, keep your credentials secure, and invite only people who are authorised to access your workspace. Do not use LeaseLedger unlawfully, attempt unauthorised access, interfere with another workspace, upload malicious content, or resell the service without our agreement. Tell us promptly if you suspect an account or security problem. Multi-factor authentication is available in your account settings.
3. Plans and limits
Your current plan and usage limits are shown in the app. The free plan does not require a credit card. Paid plan pricing and inclusions are agreed with you before an upgrade takes effect. If we materially change the price or inclusions of a paid plan, we will give reasonable notice before the change applies and you may cancel instead.
4. Your data
- You retain ownership of the lease data, documents, and outputs you place in your workspace.
- You allow us to process that data only as needed to provide, support, secure, and improve the service, or to comply with law.
- Core workspace records are hosted in Australia and protected in transit and at rest.
- You can export registers, schedules, journals, and workbooks from the app.
You are responsible for ensuring that you are authorised to upload and use workspace information, including any personal or confidential information. See the Privacy Notice for more detail.
5. AI-assisted features
AI-assisted features are optional and disabled until an authorised client administrator enables the feature and accepts the current AI assistance terms. When a user deliberately asks for AI help, LeaseLedger sends only the text or PDF selected for that action, together with the minimum client and accounting context needed to prepare the requested suggestion, to an external AI service provider. The provider may process data outside Australia.
LeaseLedger requests that the AI service provider does not store the generated response. The provider may nevertheless retain API input and output for abuse monitoring for up to 30 days under its standard API controls, and states that API data is not used to train its models by default. Do not submit unnecessary personal, sensitive, privileged, or confidential information. AI output is a draft and must be reviewed by a person before a lease is saved or relied upon. A client administrator may withdraw AI consent at any time; this blocks further AI requests for that client.
6. Accounting responsibility
LeaseLedger performs calculations from the inputs, elections, and accounting policies you provide. It is not accounting, legal, tax, or financial advice. You and your advisers remain responsible for reviewing outputs and deciding how they are used in financial reporting.
7. Availability, support, and ending use
We take reasonable care to keep LeaseLedger available, secure, and accurate, but interruptions can occur. You may stop using the service and request workspace deletion. We may suspend access where reasonably necessary to protect the service, comply with law, address non-payment, or prevent harm; where practical, we will explain the reason and give you a chance to resolve it. If we discontinue the service, we will take reasonable steps to give advance notice and an opportunity to export workspace data.
8. Australian Consumer Law
Nothing in these terms excludes, restricts, or modifies a right or remedy that cannot lawfully be excluded, including any applicable consumer guarantees under the Australian Consumer Law. To the extent permitted by law, neither party is responsible for indirect loss that was not reasonably foreseeable.
9. Changes and contact
We may update these terms as the service changes. We will give reasonable notice of material changes and request renewed acceptance where appropriate. For questions or support, use the in-app support form or email adrian@leaseledger.com.au.