Terms and Conditions

Overview

These Terms and Conditions outline the rules and guidelines governing your use of our services. By accessing our platform or engaging with our team, you agree to comply with these terms as updated on November 3, 2925 (Asia/Manila). Please review them carefully before proceeding.

Scope of Services

Verawork Solutions (“Service Provider”) agrees to provide bookkeeping, accounting, administrative, and related support services as requested by the client (“Client”) and indicated in the issued invoice or written communication.

Acceptance of Terms

The Client's receipt of the invoice constitutes full confirmation of the agreement to these Terms and Conditions, unless otherwise disputed in writing within 3 days.

Continuing to use the services after receiving the invoice also signifies acceptance.

Payment Terms

Service fees, currency, and due dates will be clearly stated on the invoice.

The payment terms specified in each invoice shall prevail over any prior verbal or written agreement.

Late Payment & Interest Charges

A 5% interest fee will be charged on the total unpaid amount if payment is delayed by 30 days (1 month) from the invoice due date.

Continued non-payment beyond 45 days may result in service suspension until all outstanding balances are cleared.

Any bank transfer fees, currency conversion fees, or payment platform charges are the responsibility of the Client.

Confidentiality

Both parties agree to maintain strict confidentiality of all financial data, client information, business processes, and documents exchanged during the engagement.

Client Responsibilities

The Client agrees to:

Provide accurate documents, bank statements, receipts, and necessary access on time.
Inform the Service Provider of operational changes, business updates, or additional requirements.

Service Suspension / Termination

Services may be paused or terminated in the event of non-payment, non-cooperation, or breach of these terms.

Either party may terminate the service with 14 days written notice. All unpaid invoices remain due and payable.

Liability

The Service Provider commits to delivering services with reasonable care and professionalism.

Liability is limited to the amount paid by the Client for the most recent billing period and excludes indirect or consequential losses.

Intellectual Property

All templates, financial models, systems, reports, or materials created by Verawork Solutions remain its intellectual property unless explicitly transferred in writing.

Dispute Resolution & Governing Law

Disputes shall first be addressed through direct communication. If unresolved, mediation or arbitration may follow, under the governing law specified in the invoice or separate service agreement.

Amendments

Any revisions to these Terms and Conditions will be communicated. Continued use of services constitutes acceptance of updates.