Free yourself from the burden of bookkeeping and focus on growing your business
Bookkeeping is the foundation of good financial management. We offer a range of bookkeeping services for sole traders and limited companies across the UK.
For over 14 years, we’ve put technology and modern practices at the forefront of what we do, saving our clients money and giving them time to grow their businesses.
To find out more about our bookkeeping services, please get in touch.
What is bookkeeping?
Bookkeeping is simply the act of recording a business’s income and expenses. Long gone are the days of using an actual book, but the principles are the same. Logging everything that goes in and out of the business on a regular basis enables business owners to keep track of their cash flow, fulfil their tax and VAT obligations with ease and plan for future business growth.
Why use an accountant for bookkeeping?
Rather than thinking of bookkeeping services as another cost, look at the benefits and weigh them up. How many hours per week do you spend on bookkeeping? What would you do if you had those hours free? Are you confident that you are recording your finances in the most efficient and accurate way? Would your accounts stand up to an HMRC inspection?
Archimedia Accounts can save you valuable time and hassle when it comes to bookkeeping, as well as establishing solid processes. You can rest assured that your numbers are accurate, to avoid any unnecessary stress when it comes to submitting your statutory accounts to HMRC.
To make an enquiry about our accounting services, please get in touch.
Bookkeeping for small businesses
As a sole trader, you likely fulfil all of the important roles in your company – operator, operations director, marketing director – bookkeeper doesn’t need to be one of them. Archimedia Accounts helps sole traders and small businesses with their bookkeeping needs, taking the weight off of their shoulders.
Sole traders are required to submit a self-assessment tax return which, as of April 2023, must comply with Making Tax Digital. This means that all sole traders are required to keep digital records and submit more regular reports to HMRC using approved software.
We can help you to migrate your accounts to approved software, such as Xero. This will not only make your life a whole lot easier on a day-to-day basis, but it will also make your tax return a seamless process.
Bookkeeping for limited companies
Limited company bookkeeping is a legal requirement but is also crucial for successful business management. As well as managing your cash flow and analysing your sales, it is the basis for accurate tax and VAT returns.
As a limited company, you are required to pay corporation tax to HMRC and submit annual returns to Companies House. If your bookkeeping is haphazard, then this can prove a huge and stressful task.
Archimedia Accounts helps limited companies to master their bookkeeping with the use of the latest accounting software. Our clients come to see us as an extension of their team, saving them the need for an in-house bookkeeper. With our help, business owners can have peace of mind that their accounts are all in order.
Our bookkeeping service gives them more strategic insight and makes financial year-end anxiety a thing of the past.
Accounting software for smarter bookkeeping
Bookkeeping software has become so advanced that it can now integrate with all the other software your business uses. That includes order management software, e-commerce sites, retail shops, point of sale, staff expenses apps, and much more.
This brings a level of automation that makes limited company bookkeeping much easier to manage. But aside from making things easier, accounting software can add genuine value to your business and enhance your performance. For example, accounting software can generate sales reports to help you to make strategic business decisions and fuel your growth.
With so much data to handle, most business owners can benefit enormously from the help of an accountant. At Archimedia Accounts, our team are experts at managing complex ecosystems of software that operate in your business background. We’ll help you choose the right software for your activities, implement it, and manage it on a day-to-day basis.
Xero Bookkeeping Services
Xero is a cloud-based accounting system that allows you to manage your company’s financial dealings anywhere in the world, where and whenever you need to. Xero includes a cashbook, auditing, debtors, supplier creditors, cost payment, and monitoring as part of the full revenue package.
Xero can access information directly from your bank accounts, saving the need for manual transfers. It is user-friendly software, you can use it on any computer or Mac with a web browser, even on your mobile, which means you can run your business at your fingertips.
Why choose Archimedia Accounts for bookkeeping?
You may be asking why you need an accountant for bookkeeping if everything is online? In our experience, nothing can replace the human touch entirely, and our clients appreciate having us on hand to provide face-to-face advice if necessary.
As a family firm, relationships are important to us and nothing is too much trouble. We are based in the Nottingham Science and Technology park and our door is always open for our clients.
Please feel free to get in touch with us to discuss your bookkeeping requirements and find out how software like Xero can transform the way you manage your finances.