Responsibilities of Both Parties:

The Client must give Cloudium Service LTD all their financial information, including materials, data, and documents needed for the Services and they are solely responsible for providing all financial information. The Client is responsible for making sure the financial information is accurate. Cloudium Service LTD does not check or confirm the accuracy of the financial information. Cloudium Service LTD has not been asked to look for errors, fraud, or theft. They have not included any procedures to find these things, and the Client agrees that Cloudium Service LTD is not responsible for doing so.

The client assumes full responsibility for managing all aspects related to their business operations, taking charge of decision-making processes, and carrying out all necessary managerial functions. Furthermore, the client should designate a qualified individual who possesses adequate skills, knowledge, and experience to oversee any bookkeeping or other services that we offer. This individual will be responsible for ensuring proper maintenance of financial records and performing related tasks as needed.

It is crucial for the client to assess the sufficiency and effectiveness of the services we provide. They should thoroughly evaluate the outcomes achieved through our services, confirming their suitability to meet their business requirements. As such, the client willingly takes on the responsibility associated with these services and acknowledges their role in overseeing our work.

Cloudium Service LTD requires clients to provide accurate and easily accessible data for their bookkeeping service. This includes working with accounts, processors, banks, and marketplaces that offer information in a format that is clean, accurate, and easy to understand. Our bookkeeping services heavily rely on this reliable data being provided by the client.

If a client chooses to use an account that does not provide accurate numbers or reports, or if the provided data does not reconcile properly, Cloudium Service LTD cannot be held responsible for any inaccuracies in the resulting bookkeeping records. It is crucial for clients to ensure they work with platforms that offer reliable financial information and reports. If the client is running an e-commerce business, they have the additional responsibility of providing Cloudium Service LTD with the costs of all their products. This is necessary because Cloudium Service LTD needs this information to accurately calculate the Cost of Goods Sold (COGS). It is important for Cloudium Service LTD to only provide its services to clients who are able to easily compute COGS on a monthly basis.
In order for Cloudium Service LTD to effectively perform its services, it will need to obtain this information from the client in a timely and periodic manner. This means that the client must be able to provide updated cost information regularly so that Cloudium Service LTD can ensure accurate calculations of COGS.

The client explicitly agrees to restrict Cloudium Service LTD's access to a mere viewing capacity for different accounts (including banks, processors, marketplaces, etc.). Any instances where the client mistakenly grants Cloudium Service LTD additional access beyond viewing privileges for any accounts will lead to the client bearing full responsibility for any ensuing account damages, modifications, or losses. Should the client opt to discontinue utilizing Cloudium Service LTD's services, it becomes their sole duty to ensure the removal of all information access granted to Cloudium Service LTD within a timeframe of 30 days.

By agreeing to this Agreement, the Client confirms their authority to engage in its terms and conditions. If it is subsequently discovered that the Client lacked legal authorization when entering into this Agreement, any charges due will become personally payable by the individual who accepted this Agreement on behalf of the Client.

The responsibility lies with the Client to maintain receipts for a period recommended by the CRA in anticipation of an audit situation. For convenience and accessibility purposes, Clients may utilize storage tools like Dropbox and grant access to Cloudium Service LTD for receipt storage; however, it should be understood that Cloudium Service LTD assumes no responsibility for receipt management or storage.

In addition to the above, clients have the responsibility to ensure the security of their bookkeeping software. This can be done by implementing measures such as locking past year's data or any data that is not within our scope of work. It is important to note that while performing regular bookkeeping tasks, there is a possibility of alterations, changes, or even loss of the client's bookkeeping data. In such cases, Cloudium Service LTD cannot be held liable or expected to restore the data to its original state.

Client obligation extends to proactively safeguarding sensitive financial information and maintaining proper backups of their data. This includes taking necessary precautions like setting up strong passwords and regularly backing up essential files on external storage devices or secure cloud platforms.

Furthermore, it is recommended that clients frequently review their bookkeeping records for accuracy and completeness. Any discrepancies or errors should be promptly reported to Cloudium Service LTD for investigation and resolution. Clients must also understand that our scope of work may not cover certain aspects of bookkeeping that require specialized expertise. It is their responsibility to seek additional assistance from relevant professionals in such cases.

YOUR CONCERNS: If you have any concerns about any material on our site, please contact us by email. Cloudium Services LTD By Phone: (604)3565443 By Email: bookkeeping@cloudiumservice.com By visiting this page on our website: https://www.cloudiumservice.com/contact-us

YOUR CONCERNS:

If you have any concerns about any material on our site, please contact us by email.

Cloudium Services LTD
By Phone: (604)3565443
By Email: bookkeeping@cloudiumservice.com
By visiting this page on our website: https://www.cloudiumservice.com/contact-us