Soldo for Small Business

Being a small business owner is an inherently personal endeavour. There are overlaps with entrepreneurship, but unlike entrepreneurship, which often focuses on rapid growth, potentially with the view to sell off a company, being a small business owner is more sentimental. You’re more likely to have a connection to your business, and you’ll want to focus on steady growth, avoiding risky financial decisions.

Being a small business owner can be overwhelming. There often seems to be too many tasks for the number of hours in a day, and you may be fretting about cash flow. One way of optimising your time is to automate your expenses. The majority of businesses lose between one day to two weeks on financial admin, and this is what Soldo eliminates. With a Soldo account, your spend-tracking is done for you, leaving you freed up to complete the tasks that might otherwise have been neglected.

As a business owner it is your responsibility to ensure that the business is making a profit, your employees are being paid correctly, and that all your books are tax compliant. Of course, you can always delegate to finance teams, but regardless of who’s carrying out the admin, this can be extremely time consuming. One great way to save you time (and therefore money) is to streamline as much of your processes as possible. With a Soldo account, you can significantly cut down on the amount of time you’re spending sorting out finances.

Soldo is a complete spending solution that twins prepaid cards with an intuitive mobile app or desktop console. You or your employees simply pay for any expense using a Soldo card, snap a photo of the receipt, and the transaction is instantly collated in the app. This means you can track expenditure in real time. And in just a few clicks all this data can be sent across to accounting software like QuickBooks or Xero. Ultimately, Soldo exists to save you time, so you can get back to growing your business.