When you are setting up the budget for a new application, set the budget amount and the payment frequency to weekly, monthly, quarterly, and yearly for your bookkeeping reference.
If you would like to pay for the subscription with a Cledara virtual card, select 'Add a virtual card to this application'.
In this case, the payment frequency will determine how often the card is topped up, and to control your spending, you can choose between a fixed card or a soft card.
The budget amount you have set will be the maximum amount you allow that merchant to take from your Cledara virtual card.
If this amount is exceeded and the payment is declined, you will receive a notification.
If your subscription fee varies every month, our budget flexibility will be able to help.
With a soft limit, any payment will be approved as long as you have a sufficient available balance.
Thus, the budget amount you have set will be a reference only.
Nevertheless, you will be notified if the payment is above the application budget.
You can edit the budget at any time, even after using the card, to adjust the payment limit and frequency.