I need business percentages clarity in SOLO.

Bloke297

Im a sole trader/driver. Can the support team please explain how to set up and automate our business percentage use against our expenses in the app. I initially imagined that when the bank feeds arrived, it would automatically adjust the % on each expense transaction, except income. Please advise. Thank you. 

Han-Solo

Hi @Bloke297, 

Thanks for getting in touch!

While we’re not able to provide accounting advice, I’m happy to walk you through how expenses work in the Solo app and the options currently available.

At the moment, Solo doesn’t offer a percentage-based or automatic business-use setting for expenses that come through via connected accounts. This means expenses won’t automatically be adjusted by a business-use percentage.

If you need to record an expense manually or split an expense, you can do so by heading to:

Money Out → + (top right) → Record expense → Manually record > Expese type >> Split Expense 

There isn’t a built-in option to split an expense by percentage. However, you can split a transaction across different expense categories, which can be helpful when you’re dealing with mixed-use expenses.

If you have any questions about using the app or recording expenses, feel free to reach out, we’re always happy to help with how Solo works.

Kind regards,
Hannah