How does the Soldo expense management system work?
How does Soldo prevent overspending?
With our software, you can set spending limits for employees, teams, or projects to control costs. Our automated expenses system tracks spending in real time and will send an alert if the limits are reached.
With automatic notifications and up-to-date reports, you can keep expenses in check and avoid unauthorised purchases.
Find out more about how we’ve helped other businesses prevent overspending.
How does the Soldo system simplify expense reporting?
By automatically categorising transactions and syncing them with your expense management system, we make reporting simple. Employees can upload receipts instantly via the Soldo mobile app, making it easier to match expenses to transactions. This means our platform can generate detailed reports in a few clicks – saving you the time and hassle of manual reconciliation.
What types of cards do you provide?
We offer both physical and virtual prepaid business cards.
- Physical cards: Designed for in-person expenses like travel.
- Virtual cards: Designed for secure online transactions, such as software subscriptions.
Both card types are backed by Mastercard®, so will work everywhere and integrate seamlessly with our expense management tools.
Is Soldo a business bank account?
No. Soldo provides spend management features that work alongside your business bank account, not instead of it. You can use your Soldo cards to separate staff spending from your main company funds and access a powerful expenses system that isn’t available with any banking provider.
How secure is Soldo? What guarantees do I have?
Does Soldo integrate with my accounting system?
Yes! Soldo integrates with popular systems like Xero, QuickBooks, and NetSuite, syncing transactions, receipts, and notes automatically. If you use other platforms like Sage or FreeAgent, you can export data in multiple formats (XLSX, CSV, QIF, OFX) for compatibility.
What size company is Soldo suitable for?
Can I issue cards for contractors or freelancers?
Absolutely! We know that contractors and freelancers are a key part of your business. Our expense management system allows you to issue them cards, providing access to company funds without the need for reimbursement processes.
You can assign prepaid cards with specific spending limits and restrictions, so you have full control over how the funds are used. It’s a simple, efficient way to manage project-based or temporary spending.
Can I set spending rules for each card?
You can customise your spending rules for each card, setting daily, weekly or monthly limits and restricting spending to specific categories or budgets. This gives you full financial control at every level of your business.
Can I use Soldo’s online expenses system abroad?
Yes! Soldo supports multiple currencies and works internationally wherever Mastercard® is accepted. Real-time tracking and instant receipt uploads via the Soldo app make managing travel expenses simple and stress-free.
What if I want to leave Soldo?
We hope you’ll love our service, but it’s easy if you do decide to leave. Contact our support team via live chat or email and we’ll transfer any remaining funds back to your original account.
Is there a trial period?
Yes! We offer a 30-day free trial for our Plus and Standard plans. Explore our automated expenses system with no monthly fees during the trial.
The trial period begins when your Soldo account is activated and you receive your login details. During the trial, you can explore the software’s features without incurring monthly fees. However, certain financial services, such as card issuance or cash withdrawals, may still incur charges during this period.
Are there any hidden fees or fixed contracts?
No, we’re upfront about costs. There are no hidden fees or fixed contracts with our expenses system, and you can cancel your plan at any time without penalties.
Does Soldo’s online expenses system work on mobile devices?
Yes! The Soldo app, available for iOS and Android, makes managing expenses easy on the go.
- Check balances
- Upload receipts
- Track transactions
- Monitor budgets in real time
Admins can also adjust spending controls and review expenses remotely, ideal for teams working on the move.
How quickly can I start using Soldo?
It’s fast and simple to get started. Just apply online and you’ll be ready to use Soldo once your account is verified.