This document provides information about Bee Net (Pvt) Ltd, an accounting firm located in Colombo, Sri Lanka. It outlines their mission, vision, values and the services they provide, which include bookkeeping, accounting software training, financial statement preparation, tax consultancy, and more. The document also lists their management team, clientele, and contact information.

1. Art of Accounting
Business Profile
Bee Net (Pvt) Ltd
2nd Floor, McLaren's Building
No. 123, Bauddhaloka Mawatha
Colombo 4
Contact +94 117 444 125
+94 711 342 111
www.bnet.lk

2. Bee Net (Pvt) Ltd
Art of Accounting
Our mission is to help our clients accomplish their goals by providing the highest quality
accounting, and Finance related professional services. We understand that
responsiveness and personal attention to every client are critical to our shared success.
We constantly strive to provide exceptional, industry specific service while promoting a
dynamic work environment that is rewarding professionally and personally for all our
employees. Build an extraordinary individual through special training to provide and
exceptional service to our clients. Further our objective and goals for Bnet Team is
primarily to provide excellent service and to develop meaningful relationships with our
clients so that we can understand and meet their accounting needs.
Mission
To be a leading, recognized and highly regarded accounting and consulting network
and the first choice in our chosen markets.
Vision
Our team includes qualified & sensible accountants with years of accounting
and finance experience. This experience is within the professional services
sector as well as independent assurance services sector (including global Audit
firms)
Values
Bee net Team is firmly committed to the following values:
 Honesty and Integrity –Always dealing with our clients, colleagues and all other
stakeholders in a fair and ethical manner, gaining trust through our action.
 Professionalism and Knowledge ‐ Ensure that our partners and staff are
continually learning, growing, and are recognized as thought leaders in their
respective specialties.
 Team work – We are team players. We work closely with members of our
client’s management team, providing them with fresh ideas to increase
organizational efficiencies and effectiveness.
 Pressure - The ability to work under pressure is important, particularly in the
periods leading up to quarterly or annual reporting when financial statements
and/or reports must be completed by certain deadlines. nt.
 Quality – Provide services of the highest quality to our clients that consistently
exceed their expectation.
 Value for money – we provide our services at highly competitive rates, realizing
our clients with great value for the money spent.

3. 1. Bookkeeping, including period end reconciliations (eg Bank recons, AR
reconciliations, GL reconciliations).
Our Business Activities
Bee Net offer range of integrated services to help you grow, realize and protect your
wealth.
The aim of all of the services offered is to add real commercial value to you and your
business.
2. Data entry & clearing of backlogs in data entry.
3. Preparation of Financial Statements
4. Stock Control and Inventory Management
5. Company Incorporation & Handling “ROC” Matters
6. Salary Preparation & Handling Labour Department Matters
7. Implementation of Accounting Packages with Staff Training
8. Internal Audit
9. Tax Consultancy & Handling “IRD” Matters-Delet
10. Full outsourcing of Finance & Accounting functions.
11. Commercial Event Management , Designing Company Logo, Trade Marks &
Other Marketing Materials
1. Printing & Publishing
Sectors
Bee Net team has over 12 years of experience providing services to clients in following
sectors:
2. Manufacturing
3. Commercial Import & Export
4. Healthcare
5. Educational Services
6. Non – Profitable Organization
7. Banking & Financial Institute
8. Advertising
9. Plantation
10. Hotels & Restaurants
11. Construction & Engineering

4. Managing Partners
For your information we have included a brief biography of our Partners
Dinesh Denipitiya (Senior Business Consultant)
He earned his Masters in 2013 from the University of Wales Cardiff and his
Bachelor’s degree from International University of America in 2009. Also he is a
member of CPM offered by CMA Sri Lanka. Dinesh, who specializes in
Accounting and Auditing, has over 5 years of experience in a “ B i g four”
Audit firm. He has over 12 years of experience in different industries. His
experience span across a number of sectors such as Banking, Hotels, Hospitals
, NGO Plantations ect.
Ruwani Peiris (Senior Accountant)
She has Over 12 years of experience in numerous sectors where as her
specialization is on Small and Medium businesses (‘SMEs’) in Sri Lanka. Ruwani
has previously worked as an Accountant, Consultant and a Trainer at Bee Net.
She is also an expertise the accounting software’s “Tally” & “Quick Books”. She
heads the Accounting department in addition to designing business plans for
small, medium and large organizations which includes operation efficiency.
E mail -
Corporate Information
Head Office - 2nd Floor, McLaren's Building, No. 123, Bauddhaloka Mawatha
Colombo 4
Mobile - 071 1342111/071 1342122
dineshdbnet@gmail.com, anuradhabnet@gmail.com
Visit - www.bnet.lk
Bankers - Sampath Bank PLC
Bank Of Ceylon
Auditor & Company Secretary - Sethunga & Cooray Associates
Chartered Accountants
No. 127, 2nd Floor, Grandpass Road,
Colombo - 14.
Tel : + 94 112448896 + 94 112 447508

5. Some of Our Clients
1. Channel Link (Pvt) Ltd -Printing
2. Siripa Publication (Pvt) Ltd – Publication
3. Gunasekara Printers (Pvt) Ltd -Printing
4. Paramount Solutions (Pvt) Ltd-Printing
5. Primer Natural Teas (Pvt) Ltd-Manufacturing & Export
6. Vichy Cookies (Pvt) Ltd -Manufacturung
7. GTA Refrigeration (Pvt) Ltd –Services
8. Zola Coating-Manufacturing
9. Indicel Trading (Pvt) Ltd-Trading
10. Daiki Trading (Pvt) Ltd –Manufacturing & Export
11. Cosmos Trading (pvt) Ltd -Services
12. Cosmos Aviations (Pvt) Ltd -Services
13. One Step Solutions (Pvt) Ltd-Software Solution
14. Vantage Security (Pvt) Ltd-Security
15. Master Guard Security Services -Security
16. Rhythm & Rhyme Institute of Music & Speech-Education Institute
17. Sanjeewa Plastic Industries-Manufacturing
18. Skyline Educational Technologies (Pvt) Ltd - Education Institute
19. Business Ancillaries Group of Company- Service
20. Lanka BPO (Pvt) Ltd-Education Institute
21. Zineth Immigration Consultant-Service
22. Ignites LK (Pvt) Ltd-Production
23. Nawa manahara Group –Driving School
24. Mihiri (Pvt) Ltd - Resturant
25. The Glenrock (Pvt) Ltl -Hotel
26. Tool Sappuwa (Pvt) Ltd –Trading
27. Five Fingers-Advertising
28. M.M.K. (Pvt) Ltd -Education Institute
29. Colour full Garment (Pvt) Ltd
30. Selaaka Finance (Pvt) Ltd

6. 31. Leather International
Art of Accounting
www.bnet.lk 0711342111, 0711342122

7. 1. Bookkeeping
What we Do
 Prepare source documents for all transactions, operations, and other
business events.
 capturing of source documents to the manual or computerized accounting
system.
 Make necessary periodic adjustments through journal entries, with
appropriate references to source documents.
 Perform end-of-period procedures — the critical steps for getting the
accounting records up-to-date and ready for the preparation of
management accounting reports, tax returns, and financial statements.
 Compile the adjusted trial balance for the accountant, which is the basis for
preparing reports, tax returns, and financial statements.
 Close the books — bring the bookkeeping for the fiscal year just ended to a
close and get things ready to begin the bookkeeping process for the coming
month/fiscal year.
Art of Accounting
www.bnet.lk

8. 2. Bank Reconciliations
A Bank Reconciliation is a process performed by a company to ensure that the
company's records (check register, general ledger account, balance sheet, etc.) are
correct with the bank's records.
What we do
Analysis and adjust differences between the cash balance shown on a bank
statement, and the amount shown in the account holder's records.
Thismatching process involves making allowances for checks issued but not yet
presented, and for checks deposited but not yet cleared or credited. And,
if discrepancies persist, finding the cause and bringing the records into agreement.
Art of Accounting
www.bnet.lk

9. Account Reconciliations
In accounting, Reconciliation refers to the process of ensuring that two sets of
records (usually the balances of two accounts) are in agreement.
To ensure the reliability of the financial records, reconciliations must, therefore,
we performed for all balance sheet accounts on a regular and ongoing basis.
And without accurate financial information, a company cannot make well-
informed decisions.
 Account Receivable (Debtors)
We undertake to prepare periodic account reconciliations including the following:
 Accounts Payable (Supplier)
 Cash in Hand
 Inventory reconciliations
3. Data entry & Backlog Clearance
Bee Net is capable of undertake all accounts related data entry jobs in any software.
With our experience staff you will experience the maximum efficiency and
effectiveness.
Art of Accounting
www.bnet.lk

10. 4. Preparation of Financial Statements
What we Do
 We prepare and present accurate Financial Statement to business
owner that will assist in decision making and tax planning.
 Liaise with the external auditors of the company to have the annual
financial statements audited on a timely basis. Preparation of the
schedules and other information necessary for the audit process.
 We are happy to provide a free one hour consultation with one of
our expert and talk to you about your business, how it functions, the
future plans and your current accounting systems.
Art of Accounting
www.bnet.lk

11. 5. Stock Control & Inventory Management
Inventory management helps businesses be successful. Inventory management is
a crucial part of any business’ success.
 Inventory Balance
We make sure Good inventory management, which helps you figure out
exactly how much inventory you need. This makes it easier to prevent
product shortages and keep just enough inventories on hand without
having too much.
 Repeat Customers
Good inventory management leads to what every business owner wants –
repeat customers. You want your hard-earned customers to keep coming
back to your business to meet their needs.
 Warehouse Organization
If you know which products are your top sellers and what combinations of
products your customers often order together, you can optimize your
warehouse setup by putting those products close together and in easily
accessible places. This speeds up the picking, packing and shipping
processes.
 Inventory Orders
We will keep a track of how much inventory you have on hand, you can
make smarter decisions about when and what to order.
 Time Saving
Inventory management is a great time-saving tool. By keeping track of all
the products you have on hand and on order, you can save yourself the
hassle of doing inventory recounts to make sure your records are accurate.
 Cost Cutting
Inventory management helps you avoid wasting money on slow-moving
products so you can put it to better use in other areas of your business.
Art of Accounting
www.bnet.lk

12. 6. Company Incorporation & Handling “ROC” Matters
Incorporation is the forming of a new corporation (a corporation being a legal
entity that is effectively recognized as a person under the law). The corporation
may be a Private Limited, Sole Proprietorship, Partnership, Foundation, non-profit
organization
What we Do
 Name Search
 Preparation of relevant periodic
statutory records and filing the same
with Company Registrar.
 Dealing with Registrar of Companies in
registering companies and obtaining
Certificate of Registration
 Obtain Company Seals including
embosser seal, address seal and
director seal
 Publish Paper Advertisements/
Gazette Notices
 Preparation of Share issue
documents & obtaining TIN
certificates from Inland Revenue
Department.
 Logo and Trade Mark Registration
What we Do
1. Stock Taking & Preparation
of Stock Reports
2. Introduce Internal Controls
for stocks maintained
3. Training stock Recording
Procedures
4. Fixed Assets Verification
5. Introduce Fixed Assets
Register
Art of Accounting
www.bnet.lk

13. 7. Salary Preparation & Handling Labor Department Matters
In a company, payroll is the sum of all financial records of salaries for an employee,
wages, bonuses and deductions. In accounting, payroll refers to the amount paid
to employees for services they provided during a certain period of time. Payroll
plays a major role in a company for several reasons.
 Reduce Costs
Direct costs of processing payroll can be greatly reduced by working with a
payroll provider.
 Avoid Technology Headaches
A constant question for small business owners is whether they have the latest
version of their payroll software and the most recent Labor rules installed on
their computer. Using the wrong Labor rules can result in stiff penalties.
Outsourcing payroll removes those headaches and keeps payroll running
smoothly.
 Avoid Payroll Knowledge Walking Out the Door
If your bookkeeper or controller gets a new job, they will walk out the door
with their knowledge of the payroll process and how you do it. Using an
outside service eliminates that business risk.
Benefits of Outsourcing Payroll
Large corporations have the resources to sustain large
payroll divisions. Smaller businesses usually don't, so
they look elsewhere for help. Here are some of the top
reasons why SMEs outsource their payroll
What we do
1. Handling Staff Recruitments
2. Payroll processing
3. EPF/ETF Registration
4. Arrange EPF/ETF Payments
5. Dealing with Labor Department
Art of Accounting
www.bnet.

14. 8. Introduce Accounting Packages with Staff Training
We focus on assisting our clients to developing system to create their own
accurate, timely and useful financial statements. We have individuals trained in
Accounting software. We work with our client to develop and manage efficient,
Cost-effective accounting system, consult with them regarding generally accepted
accounting principles and appropriate controls and provide additional Training.
The Advantages of Using Computerized
Accounting Software
 Speed
 Automatic document production
 Accuracy
 Up-to-date information
 Availability of information
 Efficiency
 Staff motivation
 Reduce frustration
 The ability to deal in multiple currencies easily
Art of Accounting
www.bnet.lk

15. 9. Internal Audits
Audit procedures are techniques and steps that corporate reviewers use to assess a
company's operating performance. Auditors keep a close eye on internal controls,
financial systems and corporate accounting principles. Closely monitoring financial
mechanisms helps auditors ensure that employees record operating data in
accordance with accounting norms.
What we do
 Plan
We will develop an audit plan based on a review of all pertinent
information. Sources may include, but are not limited to a risk assessment,
internal and external evaluations and management guidance.
 Notify
Schedule a meeting with the unit manager and the senior managers of the
process to be audited. Identify the scope and objectives of the audit, how
long it is expected to last and what the responsibilities for all parties are in
the audit process.
 Test
Testing will include interviews with the staff, review of procedures and
manuals, compliance with the Stranded and governmental laws and
regulations and assessing the adequacy of internal controls.
Art of Accounting
www.bnet.lk

16.  Communicate
Keep the department that is undergoing the audit updated on the status of
the audit on a regular basis especially if there are any findings. There may be
instances where the findings can be addressed immediately.
 Draft
The report draft will include the audit Scope and Objectives, Summary and
Opinion, Findings and Audit Recommendations.
 Management Response
Management will receive the audit draft to confirm the facts and respond to
the Audit Recommendations. Their response should assign the responsibility
and have a specific target date of completion for the corrective actions.
 Review
The final version of the audit will be reviewed and all issues resolved by the
Director, Internal Audit.
 Distribute
The report is then released to the Company Owners
 Verify
The Internal Audit Department will normally conduct a follow up on the
Management Responses to the audit Findings and Recommendations within
a reasonable time frame.
Art of Accounting
www.bnet.lk

17. 10. Tax Consultancy & Handling “IRD” Matters
We use Our knowledge of tax legislation to provide advisory and consultancy services
to Our clients, ensuring that they pay their taxes in the most efficient way and benefit
from any tax advantages and exemptions.
We keep up to date with changing tax laws and explain complicated legislation and its
implications to their clients in simple terms.
There are two main types of tax advice:
 corporate - working for business clients to make sure they are not paying more
tax than what is necessary
 personal - providing advice to individual and private clientson minimizing their
tax exposures..
What we do
 Preparing and submitting Tax returns meeting the deadlines
 Liaising and negotiating with IRD on behalf of the client
 Providing tax consultancy services
 Carrying out detailed computations to calculate tax liability and advising on how to
minimize a client's liability
 Providing guidance on indirect taxation issues such as VAT, NBT/SVAT/ESC
 creating tax strategies for clients and planning their financial futures
Art of Accounting
www.bnet.lk

18. 11. Finance & Accounts Department Outsourcing
Why Most of the Business trying to outsource their accounting and finance department
functions?
 Business and its’ management can only focus on their business growth.
( Sales & Marketing)
 Reduce the operational cost by 40% to 50% cost.
 Ability to obtain the services from Skilled & experienced staff
Following real life example elaborates the cost saving potential and how effective
outsourcing finance function is to your business. This information relates to one of our
client who has outsourced their finance function to Bnet.
Example 01 - The company is importing world’s
best branded electronic devices and panels,
assembling some parts locally, and distributing within
Sri Lanka.
YEAR - 2014 April Cost
Details
Manager
No of Staff
Gross Salary
Allowance
Statutory Payment
Total
Before Outsourcing After Outsourcing
01 02
09 05
Rs 153,000/- Rs 130,000/-
Rs 80,000/- Rs 35,000/-
Rs 33,000/- -
Rs 266,000/- Rs 165,000/-
Art of Accounting
www.bnet.lk

19. YEAR - 2014 April Efficiency & Productivity
Details
Staff Qualification
Designations
Software Support
Manual Document Process
& System Tracking
Ledger Update
Preparing Financial Reports
Before Outsourcing After Outsourcing
No Professional
Qualification
With Professional
Qualification
Accountant, Accounts Clark Managers, Data Entry
Operator, Consultant
System not Implemented Running online software
System
40% success 100% Success
Every Month End Every day End
Only Statutory purpose Prepared Actual Accounts
Let’s Work Happily Ever After
Art of Accounting
www bnet lk

20. 12. Commercial Event Management , Designing Company
Logos, Trade Marks & Other Marketing Materials
We offer a full delegate
management service, from the
initial design through the entire
process of the event planning
and logistics.
Event Management, Corporate Events
Our experienced Event Management team
will work with you to ensure that your next
corporate event is your best event. we have
helped our clients run hundreds of
Corporate Parties, Conferences and
Exhibitions over the years and each one a
success story.
Art of Accounting
www.bnet.lk

21. Design Company Logo & Trade Marks
Through our experience we can provide you an added valve to your business through
our expertise right combination of colors, theme and graphic representations.
Comparatively our logo designs are extremely Unique with quality designs.
We propose logo design and corporate identity solutions for corporate business,
professional services, medical, Arts and entertainment, travel, finance, fashion and
other industries as well
Design Marketing Materials
A logo of a company stands for business, style, theme and
history and can point out the industry sector that the business
works for. An effective and promotional logo will lively
provide a brand notice for your business and its can be
remembered by the various crowd related to online visitors
and offline visitors.
Art of Accounting
www.bnet.lk