Archimedia Accountancy Services

read moreWe're Accountants who truly get to know how you see your business, and then adapt the Accountancy function around your vision. This function includes: payroll, bookkeeping, year-end, management accounts and financial director role. This system is almost real time and can produce weekly management information. Get the very best tax advice by a trusted Nottingham based Accountants. We turn over every stone of UK Tax law to find any pockets of tax saving you can access, giving you the assurance that everything has been done that can be.

read moreWe are very flexible, we work with you if you need a fully outsourced finance function or whether you already have an in-house Bookkeeper, Financial Controller, Accountant or Finance Director and need only one of our services. We make it so that you have the data & information that you need to focus on improving your business and growing it without being bogged down in the finances.

read moreThe business needs to know where it is making the most (and least) money and needs to have a clear financial platform to be able to analyse this. Your Financial Plan is essentially - How does the business need to perform to give you this life you want? Mapping this onto a Forecast & Budget allows for the entire team to be held accountable to the targets/goals. Accountability is not disciplinary but used to aid learning. A forecast also helps us spot when cash is needed, when to invest, what to invest in, and when it is sensible to go for loans or investment.

read moreMany underestimate this area, however, having quality data that is accurate and up to date regarding your finances is essential to growing your business. You need to enter sales and purchase information accurate and on time, record where the cash is going, and have a full analysis of profitability. Products/Services profitability, Department Profitability, Individual Staff profitability etc. All of this can be determined from the bookkeeping function if maintained correctly. There is technology out there for small companies providing what used to be reserved only for large companies.

read moreOur FD role is very flexible, it can be tapped in and out of according to your requirements. Having this role within your business can increase the wealth of the business significantly, its value. Communicating objectives to different members of the team and how they form part of the plan. Adding to the credibility of the management team (Having a Financial Director role on board, even if for only small but regular amounts of time, can significantly improve credibility in the eyes of the bank, customers and suppliers).

read moreFirst we get to know your business operations, which doesn't take too long because we've had a lot of experience in Accounting Systems. Then we create create steps to improve them. The modern world is great! There are 1000s of applications out there (most of which are specific to your exact Industry), all of which can link together around your Accounting software (Xero) Financial reporting is the glue that sticks all pillars of your business together, especially Sales and Operations. What you can achieve with automation in software today, 10 years ago used to be reserved only for the largest corporations.

read moreIncluding payroll, bookkeeping, year-end, management accounts and financial director role. This system is almost real time and can produce weekly management information. As well as showing you what happened in your business (Financial Data) it will also show why it happened (operational data). This gives us the backdrop of information to help us grow the business and shape it so it can run without you. Easily produce various profit/cash budgets to mitigate risk and have confidence in how to invest in the business.

read moreYour accounts must be prepared by a qualified accountant and be displayed in the right way according to the companies act and accounting standards. Also, your tax filing must be according to UK tax law. This is extensive and therefore you hire an Accountant. But there are 2 types of Accountant, an in-practice Accountant and a Management Accountant. The latter being one which a business employs to control their internal financial systems, and ultimately make them more profitable (bringing them a far greater Return on Investment, ROI).