FAQ

Common questions about using Caveat and how your data is handled.

Are my uploaded statements stored?

Yes. Caveat keeps them so it can produce several reports from the same statements and you can reopen them later. This is handled as processing necessary to provide the service, so no separate consent is asked. They are deleted when you delete your account, or three years after your last upload. To extract figures and write the explanations, the content is sent to an AI service (the paid tier of Google Gemini); Google does not use it for product improvement or training.

Is the result a definitive judgment?

No. It is reference material built from standard financial ratios and statistical screening signals, and does not replace credit, investment or tax decisions.

What does the name Caveat mean?

A caveat is a warning or a point to keep in mind. Caveat points out what deserves a closer look in your financial statements.

Which files can I upload?

PDF, Excel and PNG, JPG or WebP images. Statutory forms with a fixed layout are read by that layout first; other documents are read by AI.

What is a survival rate?

The share of companies that started in the same year and are still there after a given period. What counts as "still there" differs between countries' statistics: whether the business kept operating (revenue or staff), whether the company remains on the register, whether it filed an annual report, or whether it kept filing taxes. The same "one-year survival rate" gives different numbers under each. What each country measures is set out under the country notes below.

Country notes: Korea

Can I upload the standard financial statements my Korean tax accountant gave me?

Yes. The standard financial statement forms filed with Korean corporate and income tax returns are read by form code first. PDF, Excel and photos all work.

What does the survival rate measure in Korea?

The share of newly active businesses that are still active businesses after a given number of years. An active business is a for-profit enterprise (non-profits excluded) with revenue or at least one regular employee in the year. Source: Statistics Korea (국가데이터처), Business Demography Statistics (기업생멸행정통계), KOSIS

Country notes: Estonia

What does the survival rate measure in Estonia?

Among companies that filed their first annual report, the share that also filed an annual report for the financial year N years after that first one. Filing a report means the company closed its books for that year, whether or not it had revenue. Companies that disappeared before their first annual report are not included.

Country notes: Finland

What does the survival rate measure in Finland?

The same as for Estonia: among companies that filed their first annual report, the share that also filed an annual report for the financial year N years after that first one, whether or not it had revenue. In Finland it covers a subset of the companies that file annual reports, not all of them.