Terms of use

Effective: September 27, 2026 · Last updated: September 27, 2026.

DRAFT PENDING ATTORNEY REVIEW. These terms reflect The Baratelli Institute's intended posture for Baratelli Bankable in plain language, drafted by the Institute for review by counsel. A multi-AI-attorney panel review is queued. Until that review completes, these terms are informational only. The Institute's site-wide Terms of Service carry the same notice.

NEW PROGRAM — TESTING PHASE (BETA). Baratelli Bankable is new and is in a testing phase. Treat it as beta software. It has not yet been run for a full accounting period by an outside bookkeeper, accountant or instructor, no independent audit of its calculations has been performed, and the faculty review it ships with was conducted by AI reviewers role-playing faculty specialties rather than by faculty. Features and file formats may still change between releases, and defects are to be expected in software at this stage. Keep your own records, keep your own backups (section 2), and have a qualified accountant, attorney or lender review anything you file, sign or borrow against (section 3). The "AS IS" disclaimer in section 6 and the limitation of liability in section 7 are to be read with that status in mind.

Baratelli Bankable ("the program") is free accounting software offered by the Baratelli Institute ("we", "us") at baratelliinstitute.com. By using the program you agree to these terms. If you do not agree, do not use it.

1. Free to use

You may use the program for your own business, your family office and your clients at no charge. You do not need an account. You may not sell the program, remove the Baratelli Institute's name from it, or present it as your own product.

2. Your books stay with you

The program runs in your web browser. The books you create are stored on your own device, in your browser's storage, or in files you save. We do not receive, hold or back up your books, and we cannot recover them. You are responsible for keeping backups. Use Download books file regularly and keep copies somewhere safe. Clearing your browser's data, using a private window, or losing your device can erase books that are not backed up. If you encrypt your books with a passcode and forget it, the books cannot be opened by anyone, including us.

3. Not professional advice

The program is a record-keeping and reporting tool. Its reports, tax mappings, 1099 and W-2 worksheets, depreciation schedules, EBITDA and SDE calculations, SBA borrowing capacity estimates, loan packages, forecasts and projections are prepared from the information you enter and from general rules as we understand them on the date shown. They are not accounting, tax, legal, lending or investment advice, and they are not a commitment by any lender or by the U.S. Small Business Administration. Rules, rates and thresholds change. Review your results with a qualified CPA, attorney or lender before you file, sign or rely on them.

4. Accountant reports

Compilation and other report language in the program is a template. A CPA who issues a report is responsible for complying with professional standards, including independence and engagement requirements.

5. Other services

Some features use other companies' services: web fonts from Google Fonts, the Excel reader from cdnjs, and receipt text recognition from jsDelivr. Emails you send open in your own email program, and payment links you add go to the payment service you choose. Those services have their own terms.

6. No warranty

THE PROGRAM IS PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY AND NON-INFRINGEMENT. We do not promise that the program will be error-free or uninterrupted, or that it will meet your needs. The program is new and in a testing phase, as the notice at the top of these terms states, and this section is to be read in that light rather than as boilerplate.

7. Limitation of liability

TO THE FULLEST EXTENT THE LAW ALLOWS, THE BARATELLI INSTITUTE AND ITS OFFICERS, MENTORS AND VOLUNTEERS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, OR FOR LOST DATA, PROFITS, TAX PENALTIES OR FINANCING, ARISING FROM YOUR USE OF THE PROGRAM. BECAUSE THE PROGRAM IS FREE, OUR TOTAL LIABILITY FOR ANY CLAIM IS LIMITED TO ONE HUNDRED U.S. DOLLARS ($100).

8. Changes

We may update the program and these terms. The effective date above shows when the terms last changed. Continuing to use the program after a change means you accept the updated terms.

9. Governing law

These terms are governed by the laws of the State of Florida, USA, without regard to its conflict-of-law rules. Any dispute arising out of or relating to these terms shall be brought in the state or federal courts located in Duval County or St. Johns County, Florida, and the parties consent to the jurisdiction of those courts.

10. Contact

Questions about these terms: legal@baratelliinstitute.com.