Soldo Blog

Insights on spend and expense management

Insights on spend and expense management

Join thousands of others on the Soldo mailing list
Sort by : Date
Soldo is one of Accel's top 100 cloud companies.
Soldo named one of Europe’s top cloud companies

The last few years have seen an explosion in business spend on subscriptions, predominantly on SaaS software. Companies are using cloud-based software tools for a growing number of business applications.

3 days ago
Finance team discusses HMRC vat penalties
Everything you need to know about HMRC’s VAT penalties regime change

Changes are being brought in to harmonise HMRC’s penalties, as currently, there is no consistency across the tax system. For example, filing your annual self-assessment return one day late results in an instant £100 fine. At the same time, there are many instances where the late filing of a VAT return for the first time doesn’t result in any charges.

5 days ago
Employment Allowance 2022/23
What is Employment Allowance 2022/23?

Find out what Employment Allowance is, whether your business or charity is eligible and how you can use it to reduce payroll costs by up to £5,000.

6 days ago
Fast 50 2021 UK Winner
Soldo recognised as a UK Technology Fast 50™ winner by Deloitte for a second year

We’re delighted to be included for the second year in a row.

1 week ago
Autumn Statement
Autumn Statement: everything small businesses need to know

How did the Chancellor’s speech measure up to what you’ve seen in the headlines and heard on the grapevine these last few weeks? In case you missed it, we’ve summarised the Autumn Statement announcements most relevant to small businesses.

1 week ago
Photo of Westminster, where the Autumn Statement took place.
Autumn Statement: What CFOs and finance teams need to know

Every CFO dreams of stacking their finance team with the best of the best. But while top notch technical skills are undoubtedly important, they’re not actually the be-all and end-all of a high-performing team. 

1 week ago
Late payments
Late payments just hit a two year high for small businesses in the UK, says new data

So, what can you do to minimise the impact of late payments? And how can being in better control of your numbers help you spot potential problems before they arise?

2 weeks ago
Finance team working on budgeting.
A guide to budgeting best practice – part three: How to power up and streamline budgeting with tech

The current economic turbulence makes timely budgets more vital than ever. An up-to-date budget facilitates quick decision-making. And helps you spot any upcoming bumps in the road, so you can adapt and recalculate.

2 weeks ago
A CFO hiring someone for his finance team
How to build a world-class finance team: expert tips on hiring and retaining top talent

Every CFO dreams of stacking their finance team with the best of the best. But while top notch technical skills are undoubtedly important, they’re not actually the be-all and end-all of a high-performing team. 

3 weeks ago
Christmas
Best low budget Christmas ideas for small businesses

Six simple ways to spread Christmas cheer and raise employee morale this festive season that won’t break the bank.

3 weeks ago
How to Rebuild and retain elite finance team
How to build (and retain) an elite finance team

How can you build an elite finance team you can rely on, right now and in the future? Watch our webinar of esteemed panel of finance experts to outline what a good finance team looks like.

3 weeks ago
Modern finance team discusses finance automation
A brief history of finance- 5 transformation innovations

Now is a good opportunity to revisit your budgeting processes with a fresh pair of eyes. It’s vital to ensure they are fit for purpose.

4 weeks ago
New plans
Everything you need to know about our new plans

We’ve launched new and improved plans! Find out how they unlock end-to-end company spend and expense management, plus how to move over today.

4 weeks ago
Finance team discusses finance automation
Budgeting guide – part two: Different approaches to budgeting

Now is a good opportunity to revisit your budgeting processes with a fresh pair of eyes. It’s vital to ensure they are fit for purpose.

4 weeks ago
employee overspending
How to approach an employee who’s been splashing out: a small business guide

Now’s not the time to turn a blind eye to employee overspending. Get our practical tips for handling those big spenders firmly but fairly.

1 month ago
CFO monitoring FX rates.
How to manage unpredictable FX rates

Companies exporting overseas are likely to see a greater demand for goods and services sold in their local currency due to them being perceived as comparatively cheap to customers. Follow our tips below to put a strategy in place to best manage unpredictable FX rates.

1 month ago
Retail management for retailers
Sales dipping, inflation up: How expense management can help retailers

With falling sales and rising inflation, retailers can save time and money by automating their expense management.

1 month ago
Construction hopes dashed over surprise IR35 encore

Everything construction companies should know about Hunt’s IR35 and Corporation Tax U-turn, plus an Annual Investment Allowance silver lining.

1 month ago

Frequently asked questions

Does Soldo suit big or small businesses better?

We designed Soldo with infinite scale in mind and it works brilliantly for clients of all shapes and sizes, from one-man bands to large corporates.

Can I use Soldo card without the mobile app?

Yes you can, but you’ll not be getting the full advantages of Soldo! Both plastic and virtual cards can be used without the Soldo mobile app. The mobile app’s unique features include:​

  • The ability to upload your receipts as soon as you complete the purchase​
  • The possibility to track expenses in real time ​

We recommend that you download the mobile app in order to get the full Soldo experience along with the real-time notifications on App Store for iOS and Google Play Store for Android.​

Are there limits on card purchases and cash machine withdrawals?

Yes, but only as an extra measure to safeguard your funds. We tailor these limits to your own unique profile, to make sure they never prevent your team from buying what they need. You can see our baseline limits for each card below:

Maximum value for one purchase

  • Per transaction: £10,000
  • Per day: £20,000
  • Per calendar month: £75,000

Maximum no. of purchases

  • Per transaction: N/A
  • Per day: 100
  • Per calendar month: 3,000

Maximum cash machine withdrawal

  • Per transaction: £200
  • Per day: £1,500
  • Per calendar month: £5,000

Maximum no. of cash machine withdrawals

  • Per transaction: N/A
  • Per day: 8
  • Per calendar month: 25
Are there limits or other fees?

You can discover all Soldo fees here and standard limits here.

Get started with Soldo

Everything you need for effortless spend management