About
Our Story
Advisory Business Service is a full-service auditing firm specializing in tax compliance, financial audits, and forensic accounting. We utilize rigorous methodologies and advanced software to deliver transparent financial reporting, ensuring compliance and providing actionable insights for our clients.
Services
What We Offer
Our services cover Accounting & Financial Reporting, Taxation, Business Process Outsourcing, and Company Secretarial Services. We aim to provide comprehensive solutions that ensure financial integrity and compliance.
Accounting & Financial Reporting
​From daily bookkeeping and transaction processing to preparing IFRS/SLFRS compliant financial statements, we ensure accuracy and clarity for better decision-making
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Bookkeeping and Record Management: Daily, weekly, or monthly recording of all financial transactions into a General Ledger.​
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Bank and Account Reconciliations: Regular reconciliation of bank statements, supplier accounts, and customer accounts to ensure accuracy.
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Financial Statement Preparation: Preparation of comprehensive financial statements compliant with SLFRS (Sri Lanka Financial Reporting Standards) or IFRS (International Financial Reporting Standards).
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Management Reporting: Generation of custom monthly or quarterly reports (e.g., cash flow projections, budget vs. actuals) for internal strategic review.
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Fixed Asset Management: Maintaining and updating the fixed asset register, including calculations for depreciation.
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Inventory Accounting: Implementing and maintaining effective inventory valuation and tracking systems (e.g., FIFO, Weighted Average).
Taxation
Navigate the complex Sri Lankan tax landscape. We provide tax compliance services for Individuals, Partnerships, Companies and other Organizations
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Income Tax (CIT): Calculation, preparation, and timely filing of annual CIT returns.
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Value Added Tax (VAT) and SSCL: Handling monthly/quarterly VAT and Social Security Contribution Levy compliance.
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PAYE/APIT Administration: Managing employee taxes (Pay As You Earn / Advanced Personal Income Tax), contributions, and filing returns.
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Tax Advisory: Providing guidance on tax compliance and determining the tax implications arising from both historical and planned transactions.
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Tax Audits and Representation: Acting as the client's representative in responding to queries, audits, and investigations by the Department of Inland Revenue (IRD).
​Company Secretarial Services​​
Compliance with the Companies Act is non-negotiable. Our secretarial services ensure your company maintains full legal standing with the Registrar of Companies (ROC) and adheres to all statutory requirements, freeing your directors to focus on business strategy
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ROC Statutory Filings: Timely submission of all required forms and returns to the Registrar of Companies (e.g., Annual Returns, changes to Directors/Secretaries).
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Maintenance of Statutory Records: Safekeeping and maintenance of the company's Minute Books, Register of Directors, Register of Shareholders, and other required statutory documents.
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Board and General Meetings: Drafting notices, agendas, and minutes for Board Meetings, Annual General Meetings (AGM), and Extraordinary General Meetings (EGM).
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Corporate Structure Changes: Handling documentation and filing for changes in share capital, company name, Articles of Association, and registered office address.
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Director and Shareholder Updates: Processing appointments, resignations, and removals of directors, and managing share transfers and allotments.
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General Statutory Advice: Providing expert advice on compliance with the Sri Lankan Companies Act No. 7 of 2007.
Business Process Outsourcing
Streamline non-core functions like payroll, HR administration, and virtual back-office support, allowing your team to focus entirely on core business strategy
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Payroll Management - Processing salaries, managing statutory deductions (EPF, ETF), generating payslips, and submitting required government filings.
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Accounts Payable (AP) - Processing vendor invoices, managing vendor communication, and coordinating payment runs.
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Accounts Receivable (AR) - Generating and distributing sales invoices, tracking collections, and performing debt recovery communication.
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Virtual Back-Office Support - Providing remote administrative and document management services tailored to specific business needs.
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Data Entry and Digitization - Converting paper records into secure, accessible digital formats
Testimonials
Client Reviews
Our clients trust us for our expertise, professionalism, and dedication to delivering exceptional auditing and accounting services.
John Doe
"C. Harris provided us with invaluable insights that transformed our financial strategies and improved our compliance processes."
Emily Smith
"Working with C. Harris was a game-changer for our business. Their forensic accounting services helped us uncover critical issues and take corrective actions."
Amit Patel
"I highly recommend C. Harris for their meticulous financial audits and transparent reporting. Their expertise is unmatched."