Accounting & Financial Services
At Leads Business Management (LBM), our Accounting & Financial Services provide tailored, affordable solutions to meet the financial needs of Sri Lanka’s businesses and individuals. We specialise in everything from financial statement preparation to cost management, ensuring compliance with Inland Revenue standards and International Financial Reporting Standards (IFRS) while simplifying your financial tasks. Our expert team leverages local expertise to deliver accurate, efficient services that save you time and support your growth in Sri Lanka’s dynamic market. Trust us to keep your finances on track with precision and care.
Financial Statement Preparation
Bookkeeping and Ledger Maintenance
Inventory and Fixed Asset Management
Accounts Payable and Receivable Management
Cost Accounting and Budgeting
Financial Statement Preparation
We provide detailed financial statement preparation services to ensure your financial position is clear, compliant, and aligned with Sri Lanka’s accounting standards, including IFRS and local regulations. Our expertise saves you effort by delivering accurate reports for audits, loans, or stakeholders, while boosting your credibility in Sri Lanka’s market.
Below are the key financial statements and documents we prepare under Financial Statement Preparation, along with explanations, who needs them, and why. Need something not listed? We can prepare any financial statement you require, just let us know!
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Profit & Loss Statement
How We Help You
We take all the money your business brings in, like sales from your shop or fees from your services, and subtract what you spend, such as rent, staff wages, or supplies. We put it all together over a time you choose, maybe a month, a quarter, or a year, and show you the profit you’re left with. It’s like giving you a scorecard that says, “Here’s how your business is doing in Sri Lanka,” so you can see if you’re ahead of the game.Who It’s For
- Business owners who need to sort out their taxes without a headache.
- Entrepreneurs ready to wow investors with real proof of success.
- Retailers keeping an eye on daily sales to stay sharp.
- Freelancers or property owners wanting to know their earnings in Sri Lanka.
- Anyone who needs to show their income clearly, no fuss.
Why It’s Great for You
- We figure out if you’re making money or not, so you can plan your next steps with confidence.
- In Sri Lanka, we make sure your taxes line up with Inland Revenue by showing exactly what you’ve earned.
- We help you win over banks or investors by proving your business is profitable.
- We spot patterns, like busy seasons or slow months, to help you grow smarter in Sri Lanka’s market.
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Balance Sheet
How We Help You
We pull together everything you own, like cash, property, or equipment (your assets), and compare it to what you owe, such as loans or bills (your liabilities). Then, we figure out what’s left as your equity, giving you a clear picture of your financial position at one specific moment, like the end of the month or year. It’s a quick way to see your worth in Sri Lanka’s market, perfect for showing off your stability.Who It’s For
- SMEs applying for bank loans to grow their business in Sri Lanka.
- Startups wanting to build trust with partners or investors.
- Individuals keeping tabs on their personal wealth, like savings or property.
- Property owners checking the value of their rentals or assets.
- Anyone needing to prove their financial standing clearly.
Why It’s Great for You
- We show your financial strength, making it easier to get loans or impress lenders in Sri Lanka.
- You get a simple view of where your money is, so you know exactly what you’ve got.
- It helps you plan ahead by understanding your assets and debts.
- We keep it compliant with local rules, so you’re ready for audits or reviews.
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Cash Flow Statement
How We Help You
We track every cent coming into your pocket, like sales or rent payments, and every cent going out, such as bills or wages, over a set time. We break it down to show how you manage your cash day-to-day, month-to-month, or year-to-year, so you always know if you’ve got enough to keep things running smoothly in Sri Lanka. It’s your guide to staying liquid and stress-free.Who It’s For
- Retailers juggling daily sales and expenses in Sri Lanka.
- Property owners collecting rent and paying upkeep costs.
- Businesses watching their cash to avoid shortages.
- Startups needing to prove cash management to investors.
- Anyone wanting to keep their finances flowing without hiccups.
Why It’s Great for You
- We make sure you never run out of cash, keeping your business or life on track.
- It meets bank or audit needs in Sri Lanka, showing you handle money well.
- You see where your cash goes, so you can cut waste and save more.
- We help you plan for big expenses or slow times with confidence.
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Custom Financial Statements
How We Help You
We create whatever special report you need that’s not on our standard list, maybe a summary for a new project, a trade breakdown, or a personal finance overview. You tell us what you want, and we build it from scratch to fit your exact situation in Sri Lanka, making sure it’s just right for your goals or requests. It’s your financial report, your way.Who It’s For
- Exporters needing trade stats for deals or compliance in Sri Lanka.
- Individuals wanting a custom audit for loans or personal tracking.
- Businesses pitching unique projects to banks or investors.
- Non-profits needing special reports for grants or donors.
- Anyone with a one-of-a-kind financial need we can solve.
Why It’s Great for You
- We give you exactly what you need, no matter how specific, to hit your targets in Sri Lanka.
- It helps you make decisions with tailored info that fits your situation.
- You stand out to banks, investors, or regulators with custom proof.
- We save you time by handling any request, big or small, with care.
Bookkeeping and Ledger Maintenance
Our Bookkeeping and Ledger Maintenance service keeps your financial records neat, accurate, and ready for anything in Sri Lanka. We track every transaction and update your books, so you’re always set for taxes, audits, or just knowing where your money’s at with zero fuss.
Here’s what we sort out for you under Bookkeeping and Ledger Maintenance. Each output comes with a simple explanation, who it’s for, and why it helps. Need something extra? Just ask, and we’ll tailor it to fit your needs in Sri Lanka!
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Transaction Records
How We Help You
We log every sale, purchase, or expense you make, like daily shop sales, supplier payments, or utility bills, into a clean, organised record. You get a full list of what’s happened with your money over any period you pick, making it easy to see everything in one place for Sri Lanka’s rules.Who It’s For
- Business owners needing clear records for tax filing in Sri Lanka.
- Retailers tracking busy sales days or slow ones.
- Freelancers managing client payments and costs.
- Property owners keeping tabs on rent and repairs.
- Anyone wanting their daily finances sorted simply.
Why It’s Great for You
- We keep your money moves tracked, so taxes with Inland Revenue are a breeze.
- You spot where cash is going, helping you save or spend smarter.
- It’s ready for audits, proving everything’s legit in Sri Lanka.
- We save you hours by handling the details for you.
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General Ledger
How We Help You
We build and update your General Ledger, a master list that sorts all your transactions into categories like income, expenses, or assets. It’s your go-to book showing every financial move, kept current and accurate for Sri Lanka’s standards, so you’re never lost.Who It’s For
- SMEs wanting one place to see all their finances in Sri Lanka.
- Startups setting up proper books from the start.
- Business owners checking income versus spending.
- Retailers or traders balancing sales and stock costs.
- Anyone needing a solid financial backbone.
Why It’s Great for You
- We make sure every penny is accounted for, keeping you compliant with IFRS.
- You get a clear overview to plan or fix issues fast.
- It’s audit-ready, saving you stress with regulators in Sri Lanka.
- We keep it updated, so you’re always in control.
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Bank Reconciliation
How We Help You
We match your bank statements with your records every month, checking that your cash in the bank lines up with what your books say. If something’s off, like a missed payment or error, we fix it, giving you peace of mind in Sri Lanka’s busy market.Who It’s For
- Businesses juggling multiple bank accounts in Sri Lanka.
- Retailers ensuring sales match bank deposits.
- Property owners verifying rent hits the account.
- Individuals catching mistakes in their finances.
- Anyone wanting their cash to add up right.
Why It’s Great for You
- We catch errors or fraud, keeping your money safe in Sri Lanka.
- You know your real cash balance, no guesswork.
- It’s perfect for audits or loan applications with banks.
- We take the headache out of double-checking for you.
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Custom Bookkeeping Reports
How We Help You
Need a special report, like a breakdown of monthly expenses or a sales summary by product? We create whatever you want, tailored to your business or personal needs in Sri Lanka, so you get the exact info you’re after.Who It’s For
- Exporters tracking trade costs in Sri Lanka.
- Individuals needing a personal budget overview.
- Businesses wanting unique insights, like top clients.
- Startups asking for custom growth stats.
- Anyone with a specific bookkeeping wish.
Why It’s Great for You
- We give you the numbers you need, exactly how you need them in Sri Lanka.
- It helps you decide smarter with custom info.
- You impress banks or partners with tailored reports.
- We handle the extras, saving you time and effort.
Inventory and Fixed Asset Management
Our Inventory and Fixed Asset Management service steps in after your financial year ends in Sri Lanka to handle your stock and assets with care. We count every item, figure out its worth, and keep everything organized, so your year-end numbers are perfect for taxes, audits, or planning ahead. With our local expertise, you get accurate results without the stress, making your finances shine in Sri Lanka’s market.
Here’s what we sort out for you under Inventory and Fixed Asset Management at the end of your financial year. Each output comes with a simple explanation, who it’s for, and why it helps. Need something different? Just tell us, and we’ll create a custom solution for you in Sri Lanka!
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Year-End Inventory Register
How We Help You
After your financial year closes, we count and list every item in your stock, like goods in your shop, warehouse products, or leftover supplies. You get a clear year-end register showing what’s on hand and its value, making your financial wrap-up smooth in Sri Lanka.Who It’s For
- We ensure your stock matches your taxes with Inland Revenue.
- You plan next year’s buys with a solid count.
- It’s set for audits, proving what you’ve got.
- We take the counting off your plate after the year.
Why It’s Great for You
- We keep your money moves tracked, so taxes with Inland Revenue are a breeze.
- You spot where cash is going, helping you save or spend smarter.
- It’s ready for audits, proving everything’s legit in Sri Lanka.
- We save you hours by handling the details for you.
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Fixed Asset Register
How We Help You
At year-end, we list your big items, like machinery, vehicles, or buildings, in a Fixed Asset Register. We update what you own and its current value, so your annual records are spot-on and ready for Sri Lanka’s standards with no effort from you.Who It’s For
- Businesses with equipment or property in Sri Lanka.
- Property owners tracking rental assets yearly.
- Startups showing assets to investors.
- SMEs needing asset values for loans or taxes.
- Anyone with valuable stuff to log annually.
Why It’s Great for You
- We show your asset worth for loans or reports in Sri Lanka.
- You plan upgrades with a clear year-end list.
- It keeps your books right for IFRS and taxes.
- We update it yearly, keeping you stress-free.
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Depreciation Schedule
How We Help You
After the financial year, we work out how much your assets, like computers or vans, have lost value and list it in a Depreciation Schedule. You get a simple year-end rundown of these costs, keeping your finances accurate in Sri Lanka without any number-crunching on your part.Who It’s For
- Businesses with aging gear in Sri Lanka.
- Property owners tracking rental value drops.
- SMEs claiming year-end tax deductions.
- Startups keeping annual books neat.
- Anyone with assets losing value over time.
Why It’s Great for You
- We cut your taxes in Sri Lanka with depreciation claims.
- You know when to replace items with our schedule.
- It’s ready for audits or financial wrap-ups.
- We handle the math for you after the year.
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Custom Year-End Reports
How We Help You
Need a special report after the year, like a stock breakdown by type or an asset list for a project? We craft whatever you want, tailored to your needs in Sri Lanka, so you get the exact info to make your next move easier.Who It’s For
- Exporters summing up trade goods yearly in Sri Lanka.
- Businesses needing unique year-end data.
- Individuals tracking personal assets annually.
- Retailers wanting a custom stock summary.
- Anyone with a specific year-end need.
Why It’s Great for You
- We provide custom details to plan or report in Sri Lanka.
- You stand out to banks or partners with tailored info.
- It matches your exact goals after the year.
- We save you effort by doing the extras.
Accounts Payable and Receivable Management
Our Accounts Payable and Receivable Management service keeps your cash flowing smoothly in Sri Lanka by handling what you owe and what’s owed to you. We track payments, chase dues, and organize everything, so your business runs without hiccups and your relationships with suppliers and clients stay strong. With our help, you stay on top of your finances with no headaches.
Here’s what we sort out for you under Accounts Payable and Receivable Management. Each output comes with a simple explanation, who it’s for, and why it helps. Need something extra? Just let us know, and we’ll tailor it for you in Sri Lanka!
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Accounts Payable Ledger
How We Help You
We keep a clear list of all the bills you owe, like supplier invoices, rent, or utility payments, in an Accounts Payable Ledger. You get an up-to-date record of what’s due and when, so you pay on time and keep your suppliers happy in Sri Lanka.Who It’s For
- Businesses paying suppliers or vendors in Sri Lanka.
- Retailers managing stock or service bills.
- Property owners handling rental upkeep costs.
- SMEs juggling multiple payments.
- Anyone needing to stay on top of what they owe.
Why It’s Great for You
- We make sure you never miss a payment, keeping trust with suppliers in Sri Lanka.
- You avoid late fees by knowing what’s due when.
- It’s ready for audits or tax checks with Inland Revenue.
- We free you up by tracking bills for you.
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Accounts Receivable Ledger
How We Help You
We track all the money owed to you, like client invoices or rental income, in an Accounts Receivable Ledger. You get a neat list of who owes what and when it’s due, so you know exactly what’s coming in Sri Lanka’s market.Who It’s For
- Businesses waiting on client payments in Sri Lanka.
- Freelancers chasing project fees.
- Property owners collecting rent from tenants.
- Retailers with credit sales to customers.
- Anyone expecting money from others.
Why It’s Great for You
- We keep tabs on your cash, so you’re never short in Sri Lanka.
- You get paid faster with our clear records.
- It’s set for tax or loan reports with ease.
- We lighten your load by managing who owes you.
Cost Accounting and Budgeting
Our Cost Accounting and Budgeting service helps you understand your costs and plan your money smartly in Sri Lanka. We track what you spend, figure out where you can save, and set budgets to keep your business or personal finances on track, so you grow without worry. With our local know-how, you get clear insights and practical plans tailored for Sri Lanka’s market.
Here’s what we sort out for you under Cost Accounting and Budgeting. Each output comes with a simple explanation, who it’s for, and why it helps. Need something extra? Just let us know, and we’ll tailor it for you in Sri Lanka!
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Cost Breakdown Report
How We Help You
We dig into your expenses, like materials, wages, or utilities, and create a Cost Breakdown Report showing where your money goes. You get a clear picture of every cost, so you can spot savings and keep profits strong in Sri Lanka.Who It’s For
- Businesses tracking production or service costs in Sri Lanka.
- Retailers watching stock and overhead expenses.
- Freelancers managing project spending.
- Property owners checking rental upkeep costs.
- Anyone wanting to cut waste and boost earnings.
Why It’s Great for You
- We show you where to save, growing your profits in Sri Lanka.
- You control costs with a clear, simple breakdown.
- It’s ready for tax or investor reports with Inland Revenue.
- We make sense of your spending, so you don’t have to.
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Profitability Analysis
How We Help You
We look at your costs and income, like sales or service fees, and put together a Profitability Analysis to see what’s making money and what’s not. You get easy insights into your best products, services, or projects, helping you focus on winners in Sri Lanka’s market.Who It’s For
- Businesses checking which products pay off in Sri Lanka.
- Retailers seeing top-selling items.
- Freelancers picking profitable gigs.
- Startups testing early business ideas.
- Anyone wanting to know what works financially.
Why It’s Great for You
- We highlight your money-makers, so you grow smarter in Sri Lanka.
- You ditch what’s losing cash with clear facts.
- It’s perfect for planning or pitching to investors.
- We simplify profit tracking for your success.
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Budget Plan
How We Help You
We build a Budget Plan laying out how much you can spend on things like stock, staff, or marketing over a set time, like a month or year. You get a roadmap to keep your money in check and hit your goals in Sri Lanka without overspending.Who It’s For
- Businesses planning expenses in Sri Lanka.
- Property owners budgeting rental repairs.
- SMEs setting growth targets.
- Individuals managing personal cash flow.
- Anyone needing a spending guide.
Why It’s Great for You
- We keep you from overspending, saving cash in Sri Lanka.
- You hit goals with a plan that’s easy to follow.
- It’s set for loan or tax talks with clear numbers.
- We craft it, so you stay focused on running things.