Accounting & Book Keeping

Bestead Professional Consultants (BPC) offer a comprehensive suite of Financial Accounting Services, tailored to meet the diverse needs of businesses across Sri Lanka’s dynamic industries. Our expert team ensures that your financial operations are managed with precision, transparency, and adherence to the highest professional standards.

1. Outsourced Accounting & Finance Operations

At BPC, we provide specialized, end-to-end outsourcing solutions for accounting and finance operations, carefully tailored to meet the needs of businesses across all sizes and industries. When you place your financial management in our hands, you not only benefit from our expertise but also give your leadership team the freedom to focus on driving core business goals. In return, we ensure that your financial operations are handled with accuracy, timeliness, and reliability.

Our services go beyond routine accounting, we are committed to improving efficiency, ensuring full compliance, and delivering clear financial insights that empower better decision-making. Every engagement is shaped in close consultation with your management, so that our solutions integrate with your existing operations, making the transition smooth and effective.

Our Scope of Services Includes:

• Customer Management: Invoicing, collections, and account reconciliation
• Vendor Management: Supplier coordination, payments, and credit control
• Payment Processing: Accurate and timely disbursement handling
• Banking Operations: Daily transactions, reconciliations, and cash flow management
• Inventory Management: Stock tracking and financial valuation
• Procurement Process Oversight: Order processing and budget alignment
• Internal Finance Documentation: Record keeping, filing, and audit readiness
• Data Entry & Record Updates: Maintaining accurate and up-to-date accounts
• Financial Reporting: Preparation of management and statutory reports
• Other Related Accounting & Finance Functions: Customized to client requirements

With BPC as your trusted partner, your accounting and finance operations are managed with professional excellence, accuracy, and complete confidentiality.

2. Preparation of Financial Accounts for Any Type of Business

At Bestead Professional Consultants (BPC), we specialize in preparing accurate and comprehensive financial statements for all types of business entities, including Limited Liability Companies, Sole Proprietorships, Partnerships, Charitable Institutions, and Non-Governmental Organizations (NGOs), whether established locally or internationally.

Our services are tailored to meet the specific requirements of management reporting or other statutory and constitutional obligations, with preparation intervals on a monthly, quarterly, or annual basis. Each financial statement is meticulously compiled to present a true and fair view of the organization’s performance, enabling better financial outcomes.

These statements serve multiple purposes, including:

• Supporting strategic decision-making
• Providing transparency to shareholders
• Meeting legal and regulatory requirements
• Facilitating bank loan applications
• Strengthening bids for new service or supply tenders

With BPC, you receive financial reporting that not only complies with regulations but also empowers your organization to operate with confidence and clarity.

3. Management Accounting & Financial Reporting Services

We prepare management-focused accounts and financial reports tailored to meet your organization’s specific requirements. Our reports are designed to provide actionable insights and support strategic decision-making.

Our Management Reports Include:

• Task-Based Financial Accounts: Including bank loans, investments, tenders, and other specific financial activities.
• Cost Analysis Reports: Detailed breakdowns to optimize operational efficiency.
• Budget Forecast Reports: Projections to guide future financial planning.
• Customized Inventory Reports: Tailored reporting for effective stock management.
• Debtor & Creditor Outstanding Reports: Personalized tracking of receivables and payables.
• Customized Sales Reports: Insights to monitor performance and drive growth.
• Other Relevant Management Reports: Designed to meet your unique business requirements.

Our management reporting services empower businesses with clarity, accuracy, and actionable insights for smarter decision-making.

4. Preparation of Project Feasibility Reports, Business Proposals, and Management Reports

At Bestead Professional Consultants (BPC), we provide end-to-end support in the preparation of project-based feasibility reports, business proposals, and comprehensive management reports. Our services are designed to help businesses and entrepreneurs make informed, strategic decisions with confidence.

Project Feasibility Reports:
We conduct thorough analyses of market potential, financial viability, operational requirements, and risk factors to evaluate the practicality and profitability of proposed projects.

Business Proposals:
We craft persuasive and well-structured proposals that clearly communicate your project objectives, strategies, and expected outcomes to investors, stakeholders, and funding agencies.

Management Reports:
Our professional management reports provide insights into organizational performance, operational efficiency, and strategic planning, enabling management to make data-driven decisions.

By combining industry knowledge, analytical expertise, and a client-focused approach, BPC ensures that all reports and proposals are accurate, credible, and aligned with your business goals.

5. Preparation of Business Accounting and Financial Presentations

BPC provides expert services in the preparation of business accounting and financial presentations, designed to empower organizations with clear, accurate, and insightful financial information. Our team combines technical proficiency with industry experience to compile financial data from multiple sources, ensuring every report reflects accuracy, compliance, and transparency.

We go beyond standard financial statements by creating comprehensive presentations that highlight key performance indicators, trends, and actionable insights, tailored to the needs of management, investors, board members, and other stakeholders. Whether it’s preparing income statements, balance sheets, cash flow analyses, or budget vs. actual reports, we ensure the data is presented in a professional, structured, and visually engaging format.

Our approach is cantered on clarity, strategic value, and decision-making support. By translating complex accounting data into understandable, high-impact presentations, we enable organizations to make informed business decisions, demonstrate financial integrity, and communicate performance effectively. With BPC, your financial information becomes a strategic asset, enhancing both internal management processes and external stakeholder confidence.

6. Professional Representation in Accounting and Finance Matters

BPC offers expert representation for specialized business meetings concerning accounting and finance. Whether these meetings involve complex financial negotiations, compliance discussions, or strategic decision-making, our team ensures that every detail is accurately presented and professionally managed.

Acting on Your Behalf
Our services allow clients to delegate attendance at critical meetings to our experienced professionals. We act directly on behalf of our clients, presenting their perspectives, safeguarding their interests, and facilitating effective communication with stakeholders, partners, or regulatory authorities. This ensures that key financial matters are handled with precision and discretion.

Adding Value Through Expertise
By representing clients in accounting and finance discussions, we provide more than mere attendance. We bring technical expertise, strategic insight, and practical experience to the table, enabling informed decisions and productive outcomes. Our involvement helps businesses save time, reduce risk, and strengthen relationships with customers, partners, and other stakeholders.

7. Financial Accounting Consultation

BPC provides comprehensive financial accounting consultation to help organizations establish a systematic and robust internal finance control system. Our services are designed to enhance the integrity, transparency, and efficiency of your financial operations while ensuring compliance with applicable standards and best practices.

We work closely with your finance team to analyse existing processes, identify gaps, and design structured internal control frameworks tailored to your organization’s unique needs. By implementing effective financial controls, we help prevent errors, reduce risks, and ensure that all financial transactions are properly authorized, recorded, and monitored.

• Our approach integrates professional expertise with practical solutions, including:
• Designing and implementing policies and procedures for internal financial control.
• Streamlining processes for budgeting, expenditure tracking, and reporting.
• Establishing checks and balances to enhance accountability across departments.
• Providing training and guidance to staff for effective adoption and compliance.

Through our services, we aim to build a strong foundation of financial governance, enabling management to make informed decisions confidently, improve operational efficiency, and foster stakeholder trust. With BPC, your organization can achieve a transparent, reliable, and future-ready financial control system.

8. Accounting and Finance Consultation for Task- or Operation-Based Activities

Bestead Professional Consultants (BPC) offers specialized Accounting and Finance Consultation on a task- or operation-based, one-time service model. This service is designed to address existing accounting and financial challenges within your system or to establish a new, efficient accounting and finance mechanism. Our expert team undertakes the following activities as part of this consultation:

Designing Accounting and Finance Modules
Developing structured modules to establish a robust and streamlined accounting and finance system tailored to your organization.

Proposal Preparation
Presenting alternative strategies and approaches to achieve the desired financial and operational outcomes effectively.

Implementation of Optimal Modules
Applying the most efficient and suitable solution to ensure your system reaches the intended objectives.

Operational System Finalization
Completing the system by integrating necessary subcomponents and operational details for smooth functionality.

Training and Development
Providing comprehensive training to ensure your team can effectively operate and maintain the newly implemented system.

System Handover
Delivering a fully operational accounting and finance system to the client, ensuring readiness for ongoing use and management.