Finance and Accounting Business Process Outsourcing Services
We provide end-to-end services to optimize, standardize, and automate core business processes to improve your operational and financial efficiencies by streamlining and enhancing key processes. We offer tailor made Finance and Accounting services freeing up your key resources from mundane administrative tasks to execution and monitoring of strategic planning.
Statutory Registration
Managing Accounts Receivable and Collection
- Accounts receivable policy set up
- Follow-ups for timely collection of payments
- Invoicing customers
- Receiving and recording payments
- Tracking payments received and payments due
- Reconciliation of accounts receivable and reporting
- Generating outstanding statements with age analysis
Managing Accounts Payable
- Purchase order processing service
- Verifying the purchase order and matching with invoices
- Aging report account payable processing
- Managing accounts payable ledger
Payroll Services
- Processing of payrolls and maintaining long term records and backup
- Calculation and remittance of statutory and voluntary payments
- Staff gratuity payments and annual provision
- Electronic transfer of salary payment
- Filling of statutory returns
- Reports for in-house accounting
- Timely disbursement of payment
- Advice on payment related compliance such as EPF,ETF and PAYE
- Preparation of payment related returns in compliance with Tax and Labour authorities.
Statutory Registration
Doing business in Sri Lanka requires complying with law of the land. We advise and arrange applicable statutory registrations with relevant authorities which includes but not limited to the followings
- Department of Inland Revenue
- Sri Lanka Tourism Development Board
- Export Development Board
- Labour Department
- Securities and Exchange Commission
- Exchange Control Department
- Chamber of Commerce
- Board of Investment
- Environmental Authority