For many small and medium-sized enterprises (SMEs) in Sri Lanka, daily operations often take priority over financial record-keeping. Sales, customer management, and operations consume most of the time, leaving bookkeeping as an afterthought. Unfortunately, this approach can be costly.

1️⃣ Bookkeeping — The Foundation of Accounting

Bookkeeping is the process of recording every financial transaction. It ensures that business data is accurate, accessible, and audit-ready. Modern tools like accounting software simplify this process, minimize errors, and save time.

2️⃣ The Importance of Cash Flow Management

An SME can be profitable and still run out of money. Cash flow management involves planning and controlling the movement of cash within the business. Tracking receivables, payables, and cash reserves helps ensure smooth operations and prevents liquidity issues.

3️⃣ Financial Reporting — Insights for Better Decisions

Reports are not just documents — they tell the story of business performance.

• Income Statement
• Balance Sheet
• Cash Flow Statement

These help identify profitable areas, rising costs, and opportunities for improvement.

4️⃣ Tax & Compliance for Sri Lankan SMEs

Compliance with Inland Revenue Department (IRD) rules protects businesses from penalties and unlocks financial benefits such as tax incentives and deductions. Timely filing of Annual Returns, VAT/NBT, PAYE/Social Security contributions is essential for maintaining credibility with banks and investors.

How D and D Business Hub Supports You

We provide:

• ✔ Professional bookkeeping and accounting services
• ✔ Financial reporting and advisory
• ✔ Tax compliance & returns
• ✔ SME financial systems setup
• ✔ IT support for digital accounting tools

Our goal is to help SMEs focus on growth — not paperwork. Strong accounting is not a cost — it is an investment that pays back through better control, smarter decisions, and sustainable growth.

📞 Need expert support? Contact our team at D and D Business Hub and take the first step toward financial success.

✉ info@danddassociates.lk

📞 +94 76 646 7506 , +94 77 306 7506

🌐 danddassociates.lk