Accuracy notice

1. Projections, not results

Orbinance computes projected financial statements from the assumptions you enter: sales, hires, expenses, financing. They are estimates. Your company's actual results will differ, sometimes by a lot, depending on what really happens.

2. Rates and parameters can change

Orbinance keeps tables of rates and limits up to date: employer contributions, sales taxes, corporate income tax, tax credits, tax depreciation. They come from official sources, including Revenu Québec, the Canada Revenue Agency, Retraite Québec and, for the United States, the IRS and the Social Security Administration.

• Governments change these rates, often every year and sometimes during the year. There can be a delay between the announcement of a change and its update in Orbinance.
• When a year's parameters are not published yet, Orbinance reuses those of the latest known year. The later years of a projection therefore rest on today's rules.
• Some programs are simplified. For example, a tax credit can have tiers, thresholds or eligibility conditions that the model does not all reproduce.
• Your situation can differ from the general case: type of corporation, eligibility for a reduced rate, industry, province or state.

The assistant's reference notes show the date of their last update and their sources. Most rates can be changed in your budget if yours is different.

3. Your figures can change after an update

When we update a table (for example a new year's contribution maximums), your projections are recalculated with the new values. A result can therefore change without you having edited your budget.

• Calculation tables, such as employer contributions, apply to every budget as soon as they are updated.
• Values you chose or that a program filled in (an income tax rate, a tax credit's parameters) stay as they are until you change them. Review them when the rules change.
• A document already exported (PDF, Excel, CSV) is not updated: export it again before you give it to someone.

4. The AI assistant can make mistakes

Orbinance's assistant and the assistants you connect (Claude, ChatGPT and others) rely on artificial intelligence models. They are useful, but they make mistakes, sometimes confidently.

• They can misunderstand a question, misread your data, get a calculation they do themselves wrong, or cite an outdated or incorrect rule.
• The figures of record are those of Orbinance's reports (income statement, cash budget, balance sheet). If the assistant's answer differs from a report, rely on the report.
• Review the changes the assistant makes to your budget. Every change can be undone, and the version history lets you go back.
• Grant and tax credit leads are starting points. They do not confirm your eligibility or the amounts.

The assistant's answers are not accounting, tax, legal or investment advice.

5. Imported data

Amounts imported from QuickBooks, Xero, Stripe or a file (Excel, CSV, PDF) depend on the quality of the source and on how it is read. Check imported totals before relying on them.

6. What we do to be accurate

• We compare rates and limits with official sources and update them when they change.
• Automated tests compare the calculations with cases worked out by hand, for Canada and the United States, and check that exports carry the same figures as the app.
• Every budget goes through integrity checks: the balance sheet balances every month and cash agrees with the cash budget.
• The accounting assumptions used are listed in the exported reports.
• We quickly fix the errors reported to us.

7. What we ask of you

• Check your assumptions and the important figures before making a decision.
• Have a chartered professional accountant (CPA) confirm rates, tax credits and financial statements before you file a return, apply for a grant or a tax credit, or give a file to a lender or an investor.
• Tell us about any error: we want to fix it.

8. Contact us

John-Frederick Davidson, Québec, Canada · info@orbinance.com