Month-end close
Journal entries, reconciliations, accruals, prepayments, fixed asset register, lead schedules, and a five-day close calendar with reviewer gates.
Finance & Accounting BPO
Finance & Accounting Outsourcing in Sri Lanka
A month-end close by day +5 to +7, clean AR aging, and RAMIS filings handled by the deadline, without building an in-house team. WinCore's Colombo-based F&A pod is ICASL and CIMA-led, SLA-backed: work starts within 3-5 business days, with full handover in 4-6 weeks. You keep control of the COA and ERP.
- Five-day month-end close calendar
- IFRS / SLFRS / LKAS alignment
- RAMIS, EPF / ETF, APIT fluency
- Per-FTE or hybrid pricing
Six deliverables inside every WinCore F&A pod
Every scope item has a written SLA and reviewer gate. Nothing runs on verbal agreement. Everything is in the runbook and visible to your finance leadership.
AR / AP processing
Customer invoicing, collections follow-up, vendor invoice intake, three-way match, payment runs, and aging analysis. Fully audited and approvals-routed.
Management reporting
Monthly management pack (P&L, balance sheet, cash flow), KPI dashboards, variance commentary, and board-ready visuals.
Compliance & filings
RAMIS-led VAT / SSCL / SET / WHT / income tax filings, EPF / ETF / APIT for payroll, and ROC statutory hygiene where it touches finance.
Controls & audit support
Documented controls, year-end audit liaison, working paper preparation, schedules, and reviewer sign-off trails ready for SLAuS / external audit.
Multi-entity & multi-currency
Consolidations across SL / regional entities, FX revaluation, intercompany matching, and group reporting templates aligned to your parent.
From contract to first close: the 4-6 week onboarding timeline
Week 1
Discovery & scoping
Process inventory, COA review, ERP access map, volume sizing, SLA targets, DPA signature.
Week 2
Setup
Pod assignment with a named lead, runbook drafting, system provisioning, security review.
Weeks 3-4
Parallel run
Pod runs alongside the in-house team. Reviewer gates validate quality. Exceptions logged and resolved before cutover.
Week 5
Cutover
Handover ceremony, escalation paths live, monthly steering cadence scheduled, first close owned by the pod.
Week 6+
Stabilisation
Post-cutover review, runbook revisions, KPI baseline reset, continuous improvement cadence.
The four outcomes WinCore's F&A pod is measured against
Close timeline
Bring month-end close to day +5 to +7 with a documented calendar and reviewer gates.
Cash flow visibility
AR aging dashboards, collections cadence, and weekly cash flow forecast, not just a monthly P&L.
Audit readiness
Working papers, schedules, lead sheets, and reviewer trails prepared as you go. Year-end audits become a non-event.
Cost reset
40-60% cost saving vs. building a comparable in-house team in Colombo, with no recruitment risk and no severance liability.
Pair your F&A pod with these WinCore services
Frequently asked questions
What is finance and accounting outsourcing in Sri Lanka?
F&A outsourcing is the practice of moving accounting work (bookkeeping, month-end close, AR, AP, management reporting, compliance filings) to a specialist provider. In Sri Lanka, this typically means a Colombo-based pod operating under your COA and ERP, with named pod leadership, defined SLAs, and ISO-aligned data handling.
How much does F&A outsourcing cost in Sri Lanka?
Per-FTE pricing for a finance pod typically ranges from LKR 250,000 to LKR 600,000 per FTE per month depending on seniority (assistant accountant, senior accountant, finance lead) and the SLA. Hybrid (FTE + transaction-based) models suit clients with seasonal volume spikes.
Which accounting standards do you work to?
WinCore delivers to SLFRS / LKAS (Sri Lankan Financial Reporting Standards), IFRS for cross-border parents, and the tax framework administered by IRD via RAMIS. Industry overlays (apparel, IT, healthcare, financial services) are managed by the pod lead.
How does data security work for F&A outsourcing?
We operate an ISO-aligned ISMS with segmented access, encrypted transfer (SFTP / TLS / VPN), DPA signature before data exchange, retention and destruction policies, and named DPO. PDPA-conscious handling is the baseline for all engagements.
How long does onboarding take?
Work starts within 3-5 business days of contract signing, and full handover takes 4-6 weeks: 1-2 weeks scoping, 2-3 weeks parallel run, week 5 cutover, week 6 stabilisation. Complex multi-entity engagements may extend to 8 weeks. We publish the timeline in the SOW.
Can you work with our existing ERP?
Yes. WinCore pods routinely work in Xero, QuickBooks, Sage, SAP B1, MYOB, Tally, Zoho Books, and a number of bespoke ERPs. We adapt to your system rather than asking you to migrate.
Do you also handle payroll and tax filings?
Yes. Payroll (EPF / ETF / APIT) is a sibling pod offering, and tax filings via RAMIS are part of the standard finance pod scope. We can deliver them bundled or à la carte.
How do I get a scoped proposal?
Use the BPO savings calculator on /bpo to estimate the cost delta, or email sales@wincore.lk with your current process inventory. A WinCore architect will run a free 30-minute consultation and return a written proposal within one business day of the call.