Expense reimbursement: 5 ways you can manage the process better

Expense Reimbursement

Spend less time on manual expense management

Good news: you don’t have to manage expenses manually anymore. With Soldo, you can automate 80% of your financial processes, which means more time for impactful work. And less risk of input errors.
With approvals, reimbursements and expense reporting taken care of, the only question is what to do with all those extra hours.

A simple way to prevent overspending

Imagine knowing where every penny of company money is being spent in real-time. Or, better yet, putting spending policy profiles, daily allowances, and separate budgets in place – so you know where it’s going before it even gets there.
We’re bringing together Soldo company cards and our expense management platform to make this kind of visibility and control over company spend an everyday reality.

Spring Budget Debrief Event:
13th March 2024 at the London Stock Exchange

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Soldo integrates with your accounting software for easier expense reimbursement

Copying data between multiple systems isn’t just annoying – it wastes time and increases the likelihood of manual input errors. Soldo connects with your accounting software so you can track, manage, and report on employee expenses and company spending. All in one place, making expense reimbursement much easier. Reconcile in a single click, manage month-end faster. Rely on real-time, accurate spend and expense data.

Keep company money safe and secure

Soldo company cards are issued by Mastercard® and can be frozen or cancelled instantly from the web or mobile app. Our support team is on hand to answer questions, resolve any issues and talk you through the best way to set up your Soldo account for your specific needs.
Soldo is authorized and regulated by the Financial Conduct Authority (FCA) and accredited as a Level 1 Service Provider by the PCI Council. Which means we comply with the highest data security standards.

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Read our guide to subsistence allowance claims

Read on for a run-down of everything you need to know about a subsistence allowance, as well as other relevant charges that could affect your business.

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Read More about Business Expenses

Frequently asked questions

How does Soldo work?

With Soldo, you control all business spending and – thanks to the integration with your accounting system – you can reconcile expenses quickly and easily. You can equip some or all employees, entire teams, or even external collaborators with Mastercard® Soldo cards , deciding who has access to company money and the rules by which to spend it.

Find out more

Is Soldo a business bank account?

No. Soldo provides additional spend management features that work alongside your business bank account, instead of replacing it. You can use your Soldo cards to separate staff spending from your main company funds, as well as accessing powerful new features that aren’t available with a traditional business bank account.

How secure is Soldo? What guarantees do I have?

Soldo Financial Services Ltd is an electronic money institution, authorised and regulated by the Financial Conduct Authority (FCA): this means we have to follow strict compliance processes.  We don’t lend or take risks with customer money, we access it solely to execute the customer’s transactions. Client funds are always protected, as they are completely independent of Soldo’s business accounts and assets. The funds are safeguarded under UK Electronic Money Regulations 2011 and cannot be claimed by Soldo creditors.

Does Soldo integrate with my accounting system?

Yes, Soldo integrates with all major accounting systems. Soldo has the world’s most complete API connection to Xero, sending transactions daily via an automatic bank feed. Our seamless integrations with Xero, QuickBooks Online and NetSuite also make it easy to share enriched transaction data including receipts, categories, notes and much more – in just one click.

If you’re using another accounting platform – like Sage, FreeAgent or many others – Soldo makes it easy to export transaction data in a variety of formats, in two clicks. Transaction data can be exported in XLSX, CSV, QIF and OFX formats, making your data compatible with all major accounting software solutions.

What size company is Soldo suitable for?

Soldo isn’t just for small business, it’s for all business. Soldo scales from one card to any number, matching the structure of your organisation with wallets for departments or individuals, which fund cards for teams, employees or contractors.

Though our software is intuitive and easy to use, powerful reporting is made possible by smart filters and granular transaction data. So, whether your business has two employees or 20,000, Soldo can help you gain visibility and control over spending, while simplifying expenses and helping you gain the advantages of financial planning in your business.

What if I want to leave Soldo?

We’re sure you’ll be happy with our service, joining thousands of satisfied businesses. But if you ever want to leave, you can close your Soldo account at any time and all the funds available on your account will be transferred back to the account from which they were initially deposited.

Manage business expenses with Soldo

Soldo helps you simplify the management of business expenses by making administrative processes faster and more transparent.