3 Things Connected Accounts Can (and Can’t) Do for You
Managing your business finances can be a headache, but what if you could take some of that stress off your plate? Connecting Solo to your bank account helps you keep your records up to date, improves financial visibility, and reduces manual admin—saving you time to focus on what you do best.
✅ What Connected Accounts Can Do
- Automate Transaction Imports
No more manually entering each transaction—when your bank is linked, your transactions flow straight into Solo, keeping everything up to date and reducing human error. - Speed Up Bank Reconciliation
Matching up your invoices, expenses, and payments can be a real time drain. With a connected account, Solo automatically helps match transactions, cutting down on the work-work. Hint: make sure you click that final match button! - Give You Real-Time Cash Flow Insights
Knowing where your money is coming from (and where it’s going) is key to running your business. A connected account gives you a clear, real-time view of your cash flow so you can plan ahead with confidence.
❌ What Connected Accounts Can’t Do
- Create and Send Invoices
Just because money is coming in doesn’t mean an invoice magically appears. You still need to send invoices (either through Solo or another method) to keep your payments on track. - Upload and Manage Receipts
Connected accounts show you transactions, but they won’t store your receipts for tax time (we’re not mind readers—yet!). You’ll still need to upload and attach them manually. - Categorise Every Transaction Perfectly
Solo is smart, but sometimes it needs a little help. You’ll want to review and tweak categories, especially for more complex expenses, to make sure everything is accurate.
🔍 What About Historical Transactions?
We know some Solmates want to see past transactions, and we’ve got you—our devs are already on it! But don’t worry, everything you’ve done in the last few months is still in your account. Just make sure you’ve got invoices and receipts handy—your accountant (and future you) will thank you.
💡 The Bottom Line
Connected accounts make life easier, but they don’t replace good bookkeeping. Stay on top of invoices, receipts, and transaction reviews, Solo will have your back helping you run your business with less hassle.
Updated 2 days ago
Version 4.0