Finance and accounting outsourcing from Colombo
Books kept current, invoices processed, accounts reconciled and the month closed on schedule, by a team working inside your own accounting system.
Finance and back office
Finance and accounting from Colombo
Most finance teams are not short of skill. They are short of hours. Supplier invoices queue up, bank feeds go unreconciled and the month-end close slips because routine processing crowds out analysis. Our finance and accounting service takes on the repeatable work, so your accountant or finance manager can spend time on cash flow, pricing and decisions instead of keying transactions.
How we work
We work inside your accounting software, such as Xero, QuickBooks, Zoho Books or Sage, using our own user logins, so your data stays in your system and you can see every entry as it is made. Each client has a written procedure covering coding rules, approval limits and deadlines, and a month-end checklist that a reviewer signs off line by line.
Good to know
Controls come first. The person who prepares a payment run never approves it, bank access is read-only unless you decide otherwise, and every reconciliation is reviewed by a second person. Colombo runs on UTC+5:30, so invoices sent at the end of a European working day can be processed overnight and waiting in your system the next morning.
What is included
Bookkeeping
Sales, purchases, bank and card transactions coded to your chart of accounts daily or weekly, with the supporting document attached to each entry.
Accounts payable
Supplier invoices captured, matched to purchase orders and delivery notes, queried when they do not match and scheduled into payment runs for your approval.
Accounts receivable
Customer invoices raised, receipts allocated, statements sent and overdue accounts followed up by email or phone in a polite, firm tone.
Reconciliations
Bank, credit card, supplier statement and intercompany accounts reconciled and reviewed, with unexplained items listed for your decision.
Month-end close
Accruals, prepayments, depreciation and payroll journals posted to a checklist, with balance sheet reconciliations ready for review.
Management reports
Profit and loss, balance sheet, cash flow and aged debtor and creditor reports delivered on a fixed day each month.
How we set it up
Review your books
We look at your software, chart of accounts, backlog and current month-end steps, and agree what we take on first.
Write the procedures
Coding rules, approval limits, deadlines and contacts are written down, and the team is trained on them before live work begins.
Clear the backlog
Unreconciled months and unprocessed invoices are brought up to date, so daily work starts from a clean position.
Close every month
Daily processing, a reviewed month-end checklist and management reports on the date we agree with you.
Why Elevracorp for finance and accounting
- 01
A calmer month-end
With daily processing and a checklist, closing the month becomes a review of finished work rather than a race to catch up.
- 02
Clearer cash position
Current receivables and payables show who owes you, whom you owe and when cash will move.
- 03
Your system, your data
Everything happens inside your accounting software, so there is never a second copy of your books to reconcile.
- 04
Ready for your auditor
Reconciled accounts, attached documents and tidy working papers make year-end and audit requests quicker to answer.
Related services
Payroll outsourcing
Monthly payroll with EPF, ETF and APIT calculated, payslips issued and bank files ready.
Data entry and processing
Forms, invoices, catalogues and CRM records keyed, cleaned and checked against source.
Outbound recovery and collections
Payment reminders, overdue account calls and payment plans, handled firmly and fairly.
Questions about finance and accounting
Not covered here? Ask the Colombo team.
Open 24/7
Which software does your finance and accounting team work in?
We work in the software you already use, such as Xero, QuickBooks, Zoho Books, Sage or MYOB, and in larger systems where you can give us user access. Working in your system keeps one set of books, an audit trail of every entry and full visibility for your team. If you are still on spreadsheets, we can help you move to an accounting package first.
Does finance and accounting outsourcing include filing tax returns?
We prepare the records and working papers, such as VAT or GST schedules, reconciled ledgers and year-end packs, for your accountant or tax adviser to review and file. Filing and tax advice stay with a qualified adviser in your country, because tax rules differ from market to market. Keeping the roles separate also gives you an independent check on our work.
Can you take over finance and accounting if our books are behind?
Yes. Books that are months behind are common, especially in fast-growing businesses. We start with a catch-up project that brings the accounts up to date in date order and lists anything we cannot explain for your decision. Only then do we move to the regular daily and monthly routine, and you can follow the progress in a weekly backlog report.
How do you keep finance and accounting data secure?
Each team member has an individual login to your system with only the permissions their tasks need, and bank access is read-only unless you decide otherwise. Payment runs are prepared by us and released by you. Work is done on office computers with no personal devices at the desk, and every team member signs a confidentiality agreement.
Get a quote for finance and accounting
Tell us the tasks, monthly volumes and the software you use.
What happens next
- We replywith a few questions about the work.
- A short callto agree scope, volumes and timings.
- A written planwith timeline and price.
Thank you. Your quote request is with our team.
- We reply with a few questions about the work.
- A short call to agree scope, volumes and timings.
- A written plan with timeline and price.
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