Cedar & Sage Financial Group
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Cedar & Sage is a consulting firm specializing in accounts receivable and payable management, offering tailored solutions designed to provide business owners with peace of mind in their day-to-day operations.
Key services provided by Cedar &
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What kind of accounting services do you provide?
Small business bookkeeping, tax preparation, budget analysis, profit and loss creation and evaluation, consulting services.
Why is it so important for businesses to hire a great accountant?
Hiring a great accountant is crucial for several reasons:
Financial Management: An accountant helps in managing finances effectively. They handle tasks such as bookkeeping, preparing financial statements, managing payroll, and ensuring compliance with tax laws. Proper financial management is essential for the long-term success and sustainability of a business.
Tax Compliance: Tax laws and regulations are complex and constantly changing. A skilled accountant ensures that businesses comply with all tax requirements, file accurate tax returns on time, and take advantage of any available tax deductions or credits. This helps in avoiding penalties, audits, and other legal issues related to taxes.
Financial Analysis: Accountants provide valuable insights through financial analysis. They can interpret financial data, identify trends, pinpoint areas of improvement, and make recommendations for optimizing financial performance. This information is essential for making informed business decisions and setting strategic goals.
Budgeting and Forecasting: Accountants assist in budgeting and forecasting, helping businesses set realistic financial goals and allocate resources efficiently. By analyzing past financial data and market trends, they can predict future financial outcomes and develop strategies to achieve business objectives.
Risk Management: Accountants help in identifying and mitigating financial risks. They monitor cash flow, assess financial health, and implement internal controls to prevent fraud or financial mismanagement. This helps in safeguarding the business's assets and reputation.
Financial Strategy: A skilled accountant can contribute to the development of financial strategies that align with the overall business objectives. They provide valuable advice on investment decisions, financing options, and cost-saving measures, helping businesses optimize their financial resources for growth and profitability.
Financial Reporting: Accurate and timely financial reporting is essential for stakeholders such as investors, lenders, and regulatory authorities. Accountants ensure that financial reports are prepared according to relevant accounting standards and provide a true and fair view of the business's financial position and performance.
Overall, hiring a great accountant adds value to a business by ensuring financial transparency, compliance, and strategic decision-making, which are essential for long-term success and sustainability.
Can you provide your services online or remotely? If so, please add details.
We provide all of our services remotely. We ensure communication with our clients through Microsoft Teams meetings and handle all bookeeping online as well.
What changes have you made to keep your customers safe from Covid-19?
We do all of our work 100% remote to ensure the safety of our clients.
Accounts Receivable
We ensure the efficient management of invoicing, tracks outstanding receivables, and implements proactive strategies to minimize overdue payments. By optimizing cash flow, we mitigate the risk of bad debt and support the financial health of the business.
Accounts Payable
Our team handles all aspects of accounts payable, from invoice processing to vendor management and payment scheduling. Our meticulous approach helps businesses maintain positive cash flow and avoid late fees, enhancing operational efficiency.
Collections Management
C&S specializes in efficiently recovering outstanding debts while maintaining positive customer relationships. Our proactive and customized strategies ensure compliance with regulations while prioritizing customer-centric approaches. Transparent reporting and continuous improvement guarantee optimal results, providing peace of mind for businesses.
Financial Reporting and Forecasting
We assist businesses in developing realistic budgets and forecasts based on historical data and future projections. By setting achievable financial goals and monitoring progress, they support long-term financial stability and growth. Our team prepares comprehensive financial reports, including aging receivables and payables summaries, to provide business owners with clear insights into their financial performance. These reports facilitate informed decision-making and enable proactive management of finances.
Compliance and Taxation
Our team ensures compliance with accounting standards and tax regulations, providing expert guidance on tax planning strategies and assisting with tax preparation and filing. Their proactive approach helps businesses avoid penalties and optimize tax efficiency.
Audit Preparation
Cedar & Sage offers comprehensive services to prepare businesses for audits with meticulous attention to detail. Our expert team ensures all financial records are organized, accurate, and compliant with regulatory standards, minimizing audit risks and streamlining the audit process. With us, businesses can confidently face audits, knowing their financial information is well-prepared and audit-ready.
