We offer a broad range of outsourcing services, customized to address the needs of both large and mid-sized entities.

Accounting Services
Regular Services
  • Assistance in the initial setting up and designing the full set of accounting books and records (chart of accounts, accounting policy, software etc.)
  • Monthly accounting and book-keeping services
  • Compilation of management accounts
  • Preparation of annual financial statements
  • Annual audit assistance (not as auditor, but a role of providing audit required documents and support)
  • Compliance with routine Income Tax and Sales tax matters

Inventory Management
  • Verification
  • Reconciliation
  • Inventory Processing
  • Reporting

Fixed Asset (Property, Plant & Equipment) Register
  • Preparation of Fixed Assets Register (PPE) using Fixed Asset Management software
  • Updating existing Fixed Assets Register
  • Carrying out physical verification and coding of fixed assets using barcode system
  • Carrying out valuation of Fixed Assets

Talent Acquisition Services
  • Strategic Recruitment Support
  • Candidate Selection Assessment
  • Employment Compliance
  • Talent Management

Other Services
  • Accounting review and advisory services
  • Accounting reconciliation service (Ex: mapping between global and local financial systems, intercompany Account Payable / Account Receivable reconciliation)
  • Issuance of VAT, SVAT, Non-VAT invoices
  • Secondment services (Ex: Finance Manager, Accountant, Accounts Assistant, Cashier)
  • Co-sourcing services (working with the client’s team in order to complete a series of tasks)
  • Cash Management services (Ex: Account Receivable collection control, Account payable management)
  • Account review and re-organization for pre-initial public offering (IPO) or initiating negotiation
  • Preparing financial statements relating to liquidation


Payroll Services

Regular Services
  • Initial setting up of the payroll system
  • Payroll calculation and net salary payment arrangement including bonus, incentives etc
  • Preparing journal entries monthly for recording payroll costs
  • Preparation and filing of employees’ individual Income Tax returns and assistance in settling any related tax liability
  • Annual audit assistance (not as auditor, but a role of providing audit required documents and support). Assistance in the employer registration of social benefits [Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF)]
  • Monthly compliance work for social benefits
  • Attending to all the notices of assessment issued by the statutory authorities
  • Assistance with external audits and inspection by social benefit authorities
  • Assisting employees to claim social benefits (EPF & ETF) from the respective Departments and payment of gratuity on retirement

Special Projects
  • Payroll compliance review, including payroll calculation
  • Payroll / HR secondment services
  • Payroll structuring and arrival meeting services
  • Advice on payroll and secondment arrangement for expatriates
  • Employee leave management
  • Preparation of Payroll and HR Compliance Reports
  • Assisting expatriates in obtaining and renewing residence visa

Contact Partners:

Rodney Balasingham - rodney@kreston.lk

M.F.M. Mujahid - mujahid@kreston.lk