When a young nonprofit based in Atlanta hit a fundraising goal of $100,000, board members and staff celebrated, then made a big decision to find a CPA to care for the precious finances.
They turned to Cambrean CPAs and let out a collective sigh of relief.
Cambrean has built a reputation as one of the top accounting firms for businesses and individuals. The team takes a practical, results-oriented approach to help clients achieve their financial goals.
"With real-world business experience, we understand your situation because we’ve lived it, too, says COO Prachi Patel. "Whether your business is just starting out or well-established, our Alpharetta-based national CPA firm is ready to help you realize your full financial potential."
We asked Prachi and Ravi S. Patel CPA, CEO at Cambrean, a few non-tax-related questions during this tax-centric month.
Q: Keeping your books in order is the backbone of a healthy business. When your financial records are messy or out of date, you risk cash flow problems, missed payments and tax headaches. What type and size business would benefit from hiring a CPA?
A: Many people assume hiring a CPA is only necessary for large corporations, but in reality, businesses of nearly every size can benefit. A smaller business may start with basic bookkeeping software, but as revenue grows, employees are added or operations become more complex, professional guidance becomes increasingly valuable. Businesses that benefit most from hiring a CPA include growing small to mid-sized companies, those with payroll or sales tax obligations, organizations seeking funding, nonprofits with reporting requirements and HOAs managing dues and reserves. We help structure the business properly, monitor cash flow, ensure compliance and provide strategic insight. Ultimately, it is less about the size of the company and more about the level of complexity and growth.
Q: When you work with a business or nonprofit, how often do you meet and/or provide updates and statements?
A: The frequency depends on the size and needs of the organization. For most small businesses and nonprofits, we provide monthly reconciliations and financial statements to ensure the business members always have current, accurate information of their revenue, expenses and cash flow to guide decisions. Larger or higher volume organizations may require biweekly check-ins or quarterly strategy meetings, with increased communication during tax season, audits or budget planning. Consistent updates help prevent surprises and allow businesses to make informed decisions in real time, strengthening overall financial stability.
404.994.5102
2300 Abbey Ct, Alpharetta