Simple Answers to Common Questions

Frequently Asked Questions

Schedule a meeting in person or virtually with one of our Finance Managers. This meeting typically lasts about 1 to 1.5 hours (free consultation).
You’ll be asked to provide information related to your business and personal income, debt and retirement account(s). Using this information we will create a budget(s) for your business and personal finances, once you agree to the budget(s) your Finance Manager will take over managing your cash flow and you’ll simply need to make purchases using your business operating debit card and manage your personal spending money.
Each client will need to have the following accounts:
  1. Business Operating Account
  2. An additional business checking/savings account is included
  3. Personal checking account for bill payments (the account Envoy manages)
  4. Personal checking account for spending money (the account you manage) - Each person will need to have their own.
  5. Personal savings account for emergencies
Managing your cash flow is much like designating specific rooms in your home for their purpose. You wouldn't put a bed in your kitchen because it doesn't belong there. Each room serves a specific purpose, the same applies to separate accounts for your finances. Your finances must be organized so you can see what is coming in and what is going out each month, this helps you to better understand your finances. When you mix your personal spending money with the money for your bills you make it harder to see the big picture.
Every budget needs to be comfortable in order for it to last. We’ll make recommendations for adjustments to your budget for you to consider to find the balance between responsible and excessive spending.
Your cash flow will be managed through your online banking utilizing your bank’s online bill payment system to schedule your payments, this provides peace of mind so everything is completely transparent – where your money went and how much was paid.
The fee for Envoy will be paid monthly using your business operating debit card/credit card or your bill pay debit card – payments are processed electronically through Square. The consulting fee is a tax deductible expense (for business clients) which reduces your tax liability while freeing up time for you to work smarter, not harder.
No, your Finance Manager acts as your go-to person for day-to-day financial information. We keep up with your books, make your payments and retain documentation related to these transactions. Your Finance Manager is your "right hand man" promoting a stronger relationship between you and your Accountant. We work in partnership with your Accountant/CPA to ensure you have accurate financial records while reducing the cost and task of year-end reporting and tax preparation.
Envoy is generally speaking, less expensive than a CPA which makes us a great choice for a company that needs day-to-day expertise. Your Finance Manager will keep a watchful eye on your account transactions bringing attention to anything that appears to be irregular or unauthorized. Finance Managers are a great way to manage expenses, but having the periodic support of a CPA ensures that you have more than one set of eyes on the books. This not only helps to provide more accurate data, but also can act as a deterrent to fraud or theft.
Books that are set up correctly in the beginning can be a strong tool for measurement and growth. Books measure the pulse of a business and good bookkeeping expands past basic cash expenses.
This service gives you your most precious resource – time - back to you. Whether you’re running a business, home or are a busy professional on the run you have more important things to do than constantly monitoring your accounts and paying bills. Let us manage your bills and you’ll have payment confirmations at your finger tips and everything you need to know about your finances summarized.