Terms of Service

These Terms of Service govern your use of Cyprus Financial Solutions' professional bookkeeping and accounting services. By engaging our services, you agree to be bound by these terms and conditions.

Last updated: December 20, 2025

Agreement Scope and Acceptance

These Terms of Service constitute a legally binding agreement between you (the "Client") and Cyprus Financial Solutions (the "Service Provider") regarding the provision of professional bookkeeping, accounting, and related financial services. By using our website, requesting our services, or entering into a service agreement, you acknowledge that you have read, understood, and agree to be bound by these terms.

Service Coverage

Professional bookkeeping, tax preparation, QuickBooks setup, and financial consultation services

Jurisdiction

Services provided under Cyprus law and EU regulations

Service Terms and Conditions

Service Delivery

Cyprus Financial Solutions provides professional bookkeeping and accounting services to businesses operating in Cyprus and the European Union. Our services include:

Monthly financial record management and reconciliation
Tax preparation and regulatory compliance assistance
QuickBooks setup, data migration, and training services
Financial consultation and business advisory services
Custom reporting and financial analysis

Service Standards

We commit to providing services with professional competence and care, adhering to industry standards and best practices:

Services performed by qualified professionals with relevant experience
Compliance with Cyprus accounting standards and EU regulations
Timely delivery of services according to agreed schedules
Quality assurance processes and review procedures
Professional development and continuous education of staff

Service Limitations

While we strive for excellence, certain limitations apply to our services:

Services are advisory in nature and do not constitute legal advice
Final business decisions remain the responsibility of the client
We do not guarantee specific financial outcomes or results
Service scope is defined by written agreements and proposals
Additional services may require separate agreements and fees

Client Obligations and Responsibilities

Information Provision

Provide accurate and complete financial information
Submit required documents in a timely manner
Notify us of any changes affecting your business
Maintain organized records and documentation
Respond promptly to requests for clarification

Legal Compliance

Ensure all business activities are legal and ethical
Comply with tax obligations and regulatory requirements
Obtain necessary licenses and permits for operations
Report any potential legal issues or concerns
Maintain appropriate insurance coverage

Payment Obligations

Pay invoices according to agreed terms (typically 30 days)
Maintain current payment information and contact details
Communicate any payment difficulties in advance
Accept responsibility for late payment charges
Cover any collection costs if payment is significantly overdue

Confidentiality

Maintain confidentiality of our business practices
Respect proprietary methods and procedures
Obtain consent before sharing our work with third parties
Protect access credentials and system security
Report any security breaches immediately

Pricing and Payment Terms

Service Pricing

Monthly Services

Starting from €300/month for basic bookkeeping services

Tax Preparation

From €500 per tax filing period

Setup Services

QuickBooks setup from €800 per implementation

Pricing may vary based on business complexity, transaction volume, and specific requirements. All prices are quoted in Euros and exclude VAT where applicable.

Payment Terms

Invoices are typically payable within 30 days of issue date
Late payment charges of 1.5% per month may apply to overdue amounts
Payment methods include bank transfer, credit card, and online payment systems
Setup fees and deposits may be required for new engagements
Services may be suspended for accounts more than 60 days overdue
Refunds for prepaid services are subject to our refund policy

Additional Charges

Additional charges may apply for services beyond the standard scope, including rush processing, extensive historical data reconstruction, complex compliance requirements, or additional training sessions. All additional charges will be communicated and approved before work begins.

Service Usage and Limitations

Acceptable Use

Our services are designed for legitimate business purposes and must be used responsibly and ethically. Clients agree to use our services only for lawful purposes and in accordance with all applicable laws and regulations.

Permitted Uses

Legitimate business record keeping
Tax compliance and preparation
Financial reporting and analysis
Business planning and decision support

Prohibited Uses

Money laundering or fraud facilitation
Tax evasion or misrepresentation
Illegal business activities
Misuse of our professional credentials

Service Availability

We strive to provide consistent service availability but cannot guarantee uninterrupted access to our services. Maintenance periods, system updates, or unforeseen circumstances may temporarily affect service delivery. We will provide reasonable notice for planned maintenance whenever possible.

Termination of Services

Either party may terminate the service agreement with appropriate notice:

30 days written notice for ongoing monthly services
Immediate termination for breach of terms or illegal activities
Completion of current work period before termination takes effect
Return of client documents and data upon termination
Final invoicing and payment settlement

Legal Information and Dispute Resolution

Liability and Warranties

Services provided with professional competence and care
Liability limited to direct damages up to service fees paid
Professional indemnity insurance coverage maintained
No warranty of specific business outcomes or results

Dispute Resolution

Initial resolution through direct communication
Mediation services available for complex disputes
Cyprus courts have jurisdiction for legal matters
Cyprus law governs all service agreements

Professional Standards

Cyprus Financial Solutions operates under professional standards for accounting and bookkeeping services. We maintain appropriate professional qualifications, continuing education, and ethical standards as required by industry regulations. Our services are subject to professional oversight and quality assurance processes.

Questions About Our Terms?

If you have questions about these Terms of Service or need clarification about your rights and responsibilities, please contact us through our website contact form. We're committed to maintaining clear and fair service agreements.