FAQs
1
What exactly do you do? How can it help me?
Foresight Finances perform both business bookkeeping and personal budgeting services.
Our Bookkeeping services include banking and credit card reconciliations, payroll processing and financial reports, additionally track inventory, invoicing and cash flow management; transitioning into our business consulting with profitability analysis and strategic financial planning. Having a designated bookkeeper working along side your day to day operations reduces your valuable time used on administrative work opposed to focusing on your business overall.
Personalised budgets and household financial management services include the creation of customised budgets based on household income and expenses, debt management and reduction strategies along with savings plans. Our Clients have been able to reduce their debt balances, build their emergency funds and establish realistic timeframes to reach milestones.
2
How does you pricing work? Are there any hidden fees?
Our pricing is based on your requirements, the complexity and size of the business, or hourly dependent on whichever is more cost effective for our Clients. Each category is based on individual needs and is provided to all Customers prior to engaging with our services. Our price list can be downloaded and all pricing can be added to a custom package for cost effective usage of our services. An itemised invoice will always be provided prior to works being completed to ensure all parties have access to the expectations of services provided for full transparency.
3
What is the process of getting a personalised budget made?
To begin the process of getting a personalised budget made is a deep dive into your previous month. Using hindsight is always the best way forward, you'll provide your last months bank statement which will be broken down into your spending categories; necessary or not. In a judgement free zone we will discuss an improvement strategy, what is important to you in life and your fixed expenses, using these details a comprehensive budget will be created. Dependent on your debt and milestone plans we will continue to update this budget to fit into your life, the goal is always to accommodate your lifestyle with realistic measures.
4
Can you liasie with my Accountant or Tax Agent?
Yes, we can liaise directly with your Accountant or Tax Agent to ensure your financial records are accurate, up-to-date, and ready for tax time. Our Bookkeeping services align to prepare your business for BAS time and EOFY in order to provide all details required to your preferred Accountant for processing. Clear communication between all parties helps streamline your compliance and supports better financial outcomes for your business.