{"id":10552,"date":"2021-04-02T05:54:22","date_gmt":"2021-04-02T05:54:22","guid":{"rendered":"https:\/\/simplebooks.com\/srilanka\/?p=10552"},"modified":"2024-04-08T16:02:46","modified_gmt":"2024-04-08T16:02:46","slug":"sri-lanka-accountant-service","status":"publish","type":"post","link":"https:\/\/simplebooks.com\/srilanka\/sri-lanka-accountant-service","title":{"rendered":"8 Source Documents You Should Maintain in Your Private Limited Company | Sri Lanka Accountant Service"},"content":{"rendered":"\n<p>Efficient bookkeeping practises usually means that your Private Limited Company is safe from government penalties.&nbsp;<\/p>\n\n\n\n<p>Well-kept books also means that the company is both tax and investor ready.<br><br>But, how do you make sure that your books are accurately maintained?&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/rAKmf776yeOHuNkx8Gcrq1JieUU6ii0U-cBbaI7pQxL-_7yUo2KXosFm_KXW49tDyteo-E909zuterXiOvy3tmIvjP4z-1IZYkMKWwwW6OhhXtDv4XrSoRXG359AQkfutTaedNK7\" alt=\"\"\/><\/figure>\n\n\n\n<p>We\u2019re glad you asked<\/p>\n\n\n\n<p>The most basic and important step to ensuring this is to properly maintain your source documents.<\/p>\n\n\n\n<p>Properly maintained source documents means well maintained books.&nbsp;<\/p>\n\n\n\n<p>However, there are a few things you need to know before you start taking a look at your books, like:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>What are source documents?<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>What kind of source documents do you need to maintain?<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li>How do you maintain these documents?&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>However, there isn&#8217;t a lot of readily available, accurate information about bookkeeping out there.<\/p>\n\n\n\n<p>If you\u2019re especially an entrepreneur that\u2019s trying to understand bookkeeping in Sri Lanka for the first time, it can get a little frustrating.<\/p>\n\n\n\n<p>But, don\u2019t worry. We\u2019ll help you out.<\/p>\n\n\n\n<p>In this blog, we\u2019re going to guide you on how to collect, manage, store and organize your source documents.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What are source documents?<\/h2>\n\n\n\n<p>Source documents are basically all the records you maintain of your company\u2019s financial transactions.<br>These transactions include any and all income and expenses of your business.&nbsp;<\/p>\n\n\n\n<p>Source documents include invoices, receipts, vouchers, bills, cheques, and etc. We\u2019ll take a look at each one of these in detail later on in this blog.&nbsp;<\/p>\n\n\n\n<p>But why do you exactly need to maintain these records?<\/p>\n\n\n\n<p>Let\u2019s take a look!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why do you need to maintain your source documents?<\/h2>\n\n\n\n<p>It\u2019s actually pretty simple.<\/p>\n\n\n\n<p>You see, you need to maintain good relationships with certain institutions like banks, the IRD (Inland Revenue Department), and investors when you run a business.<\/p>\n\n\n\n<p>Why?<br><br>Well, these relationships are key to running a smooth ship.&nbsp;<\/p>\n\n\n\n<p>For example:<\/p>\n\n\n\n<p><em>Banks come in handy when you need to take out loans, store your money, maintain current accounts, make payments, and etc.<\/em><\/p>\n\n\n\n<p><em>The IRD will monitor your business and make sure that you\u2019re legally compliant with all Sri Lankan laws and regulations.<\/em><\/p>\n\n\n\n<p>None of these institutions will take you seriously or maintain beneficial relationships with you unless you have proof of your company\u2019s financials.<\/p>\n\n\n\n<p>This is where your source documents come in.<\/p>\n\n\n\n<p>You need to have these records in order to prove the legitimacy of your company\u2019s transactions.<\/p>\n\n\n\n<p>So, whenever you need to apply for a bank loan, conduct your yearly audits, open bank accounts, bring in new investors to your business &#8211; you need to have these documents on hand.&nbsp;<\/p>\n\n\n\n<p>These documents come in a lot of different forms. We\u2019ll get into that part soon.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_68564\"  width=\"1080\" height=\"608\"  data-origwidth=\"1080\" data-origheight=\"608\"  data-relstop=\"1\" src=\"https:\/\/www.youtube.com\/embed\/UKq5ihYmNm4?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What are the other advantages of maintaining your source documents?<\/h2>\n\n\n\n<p>Most business owners start off not knowing what source documents are.<\/p>\n\n\n\n<p>However, once they do find out about them, they usually brush off the responsibility of maintaining them until they can\u2019t avoid it.<\/p>\n\n\n\n<p>This gets a lot of entrepreneurs in a lot of trouble.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/j-8ipUx4WxOTHsG2jcVFq1CwnuqKsL274xtp02J7ZiW4DZOD6suK09wcW3R5zuMheA2YiuATCT1KppD8z6uQywN-voW-fQmPHwlFbG4lBM6Tw-PZIm9FpLOaxIg_Ie0BW9S6udw1\" alt=\"\"\/><\/figure>\n\n\n\n<p>You need to prioritise maintaining accurate and complete records if you want to run a successful business.&nbsp;<\/p>\n\n\n\n<p>Not only will this help you manage your taxes, but it will also help to monitor your company\u2019s health.<\/p>\n\n\n\n<p>Let\u2019s look at some of the other reasons why you should organize and maintain your company\u2019s records:&nbsp;<\/p>\n\n\n\n<p>1. Helps build confidence with potential investors<\/p>\n\n\n\n<p>Investors will always want to look at your books before they decide to invest their money in your business.<\/p>\n\n\n\n<p>If you don\u2019t have your books in order, there\u2019s a good chance that you will miss out on a lot of funding opportunities.&nbsp;&nbsp;<\/p>\n\n\n\n<p>2. You gain access to the right information.<\/p>\n\n\n\n<p>You need to have a bird\u2019s eye view of your company\u2019s finances if you\u2019re going to understand it inside out. Good record keeping will help you find this information.<\/p>\n\n\n\n<p>This will also in-turn help you make data driven decisions in your business.&nbsp;<\/p>\n\n\n\n<p>3. Significantly reduce risk<\/p>\n\n\n\n<p>Your records can act as your alibi. It can protect you when you are questioned or challenged.<\/p>\n\n\n\n<p>Even if you encounter legal issues, having good records can ensure both protection and support to you and your clients.<\/p>\n\n\n\n<p>4. Help you achieve accountability<\/p>\n\n\n\n<p>Having and maintaining good records will help you not just in the present but in the future as well.<\/p>\n\n\n\n<p>There will always be certain types of documents and information that are required to be maintained legally.<\/p>\n\n\n\n<p>Good record keeping will ensure that:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>You are aware of what information needs to be maintained long term at the start;<\/li>\n\n\n\n<li>The right information is maintained and accessible as long as it is needed.&nbsp;<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">What type of source documents do you need to maintain?<\/h2>\n\n\n\n<p>There are a lot of different types of source documents your company will have to maintain as it grows.<\/p>\n\n\n\n<p>However, let\u2019s take a look at the most important types of source documents you need to maintain since we\u2019re just starting off.&nbsp;<\/p>\n\n\n\n<p>1. Invoices&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/R79rvuoS5eZPbIesvPMRymV4vs4Stn_uq1Uk6XtlIrO9jRL5x2dzzmv_dDcuZoLdOl-90t1bi6gmmZbmthIhwclz8O92gNIC5GgUccPfwMDBefXZtUXYUoZe39hc4y8CsIkbpvOP\" alt=\"\"\/><\/figure>\n\n\n\n<p>Whenever you make a sale in your company, you need to issue an invoice. Only this will prove that a customer purchased your product.<\/p>\n\n\n\n<p>Invoices need to include information like the details of the parties involved, terms of payment, date, quantity and price.<\/p>\n\n\n\n<p>2. Receipts<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/3bsgzR5Gci5zTs5STxoBh9WQuVnkjzQFcbHUkgSo2yFIxzzF9jIA1NOxou446rgLsEAU-ImtRhxC74-MGvJCGS_neqhnRYXlZKqFkbhhV_SGQxQsgD99ndnSWs2g-9TM24fLq4jU\" alt=\"\"\/><\/figure>\n\n\n\n<p>Once you make a sale (and issue an invoice), the buyer will pay you. When they do, you need to issue a receipt to them.<br><br>This serves as evidence of the exchange of money initiated by the purchase.&nbsp;<\/p>\n\n\n\n<p>A receipt would generally include details like: information of the money received, parties, date, and the value.&nbsp;<\/p>\n\n\n\n<p>You need to send the original receipt to the buyer and keep a copy for your records.<\/p>\n\n\n\n<p>3. Bills<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/1BGTG9NnXYvfw8bCceYchcgV8Wuq-MkkPR6WMq9uWpx3aNurhD25qPll4SJuUUqEm6gMTx9aERah6GsEjLdaAVoDe6XYgdUKnbYqsxzetBiofeaypJvZZgX7w0RJIpO-ofSGK5tS\" alt=\"\"\/><\/figure>\n\n\n\n<p>These are the documents you receive when you make purchases.&nbsp;<\/p>\n\n\n\n<p>So if you buy anything for your company\u2019s use such as a computer, furniture, and etc; the bill you receive must be kept and recorded.<\/p>\n\n\n\n<p>4. Payment vouchers&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/mRMhG5v3kq2GwWTOOJRNZ0IPw6vlGyK5YncOfbOdAXhi06fuzKKpitUn4865bQuyRMnJySPKaTS2cMrKIqz-RrDSIH1JteRy3GASk2JYH-eYpyK6xcNwvLCTmEyvflN9DmGHR--m\" alt=\"\"\/><\/figure>\n\n\n\n<p>Whenever you make a purchase through the company\u2019s money, you need to maintain proof of the transaction.&nbsp;<\/p>\n\n\n\n<p>Payment vouchers help you do this.<\/p>\n\n\n\n<p>It will document certain aspects like:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How you made the payment;<\/li>\n\n\n\n<li>To whom you made the payment;&nbsp;<\/li>\n\n\n\n<li>The person who authorized the payment and etc.<\/li>\n<\/ul>\n\n\n\n<p>5. Bank statements&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/VJ7571Y-Av77O7d9Xc_vT8aKaItSM5vBcQajFvcgJq4MDhqoPU8I6qCSC0gUQlKYvYBFuLXY8wV3h5EP_1d7VG62vkXsfX1qrtlctl6uHzQncqmgEOd07uDE-VhAjWp-EVYor1rM\" alt=\"\"\/><\/figure>\n\n\n\n<p>Bank statements track every single one of your company\u2019s bank transactions.&nbsp;<\/p>\n\n\n\n<p>6. Petty cash vouchers&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/bBsTHMDL_6lhPkYVQSPd1HDGP4lMRjUGU2mG-HhbNNeBot8bmeu7UCdf6kBDf0kRwtawiQiCwLNvMuOEsvMS6YtzUT4qBiz7bu_p4RhrW2qGf3NgBxnL8LdKLS5HR4nMkyuMTfJY\" alt=\"\"\/><\/figure>\n\n\n\n<p>These don\u2019t seem like the most important source documents at first glance. However, they still record the smaller transactions you make in the business.&nbsp;&nbsp;<\/p>\n\n\n\n<p>7. Payroll sheets<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/IzOygyTGkuNSzODS-1rYy_mBWBrHh0AaiPiDErK_DtXgZ9Oc0hKHi798ZroCWAOSM0ygq0I0ZZ6DUwH0N2kWemiGxGGsXtOD7gp5oIDX6r1Kek9xy4eXdzjoD1EIE3NZB1lvISE3\" alt=\"\"\/><\/figure>\n\n\n\n<p>If you have employees in your company, they\u2019re usually paid salaries.&nbsp;<\/p>\n\n\n\n<p>You need to maintain a record of all the salary payments you make to these employees. Payroll sheets or payroll slips are the documents that are used to record these transactions.<\/p>\n\n\n\n<p>8. Cheques (Counterfoil of cheques)&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/dlwwKlmsAq0fzqqBHcDFZ-dKsCmPHUgbLvEBLdVdSB-eQJuzsevWdZaugPy35NJCuWh4ap7u7Ym5WCJeX_et2k7V8dx9hlGaS5RHJgOXPvqrEultYVkmva_BcI7uKQYKnoh_fv_4\" alt=\"\"\/><\/figure>\n\n\n\n<p>Cheques are basically written orders from the company. These authorise banks to transfer money to whoever is named in it.<\/p>\n\n\n\n<p>So whenever your company issues a cheque, you need to save the counterfoil.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">When will you need your source documents?<\/h2>\n\n\n\n<p>The main reason you need to maintain source documents is because they provide evidence of all the financial transactions that took place in your company.<\/p>\n\n\n\n<p>So, whenever you issue or receive any of the source documents we mentioned before \u2013 you need to save the original.<\/p>\n\n\n\n<p>But, when will you use these records as proof in real life?<br>Let\u2019s take a look.<\/p>\n\n\n\n<p>1. Auditing&nbsp;<\/p>\n\n\n\n<p>Every Private Limited Company is legally required to run a few audits every year.&nbsp;<\/p>\n\n\n\n<p>Again, these are compulsory audits \u2013 you can\u2019t really opt not to carry these out.&nbsp;<\/p>\n\n\n\n<p>A third party <a href=\"\/srilanka\/accounting-and-audit-firms-in-sri-lanka\/\">audit firm<\/a> would usually carry these out on your company\u2019s behalf.&nbsp;<\/p>\n\n\n\n<p>So, how would they exactly run an audit?&nbsp;<\/p>\n\n\n\n<p>Easy \u2013 they will comb through all of your company\u2019s accounting journals and ledgers to confirm that your financials are in order.<\/p>\n\n\n\n<p>When they\u2019re running the audit, your company needs to be able to verify each and every transaction in your journals and ledgers.&nbsp;<\/p>\n\n\n\n<p>How are these transactions verified? You guessed it right! By referring to the source documents.&nbsp;<\/p>\n\n\n\n<p>When it comes to navigating your way through this audit process, you don\u2019t want to be in a position where you have to scramble and organize your source documents at the very last moment.&nbsp;<\/p>\n\n\n\n<p>So, make sure your company develops a system where it routinely collects, stores and organizes its records.<br>Better yet, begin the process as soon as every transaction has been completed, or the moment when a source document has been issued.&nbsp;<\/p>\n\n\n\n<p>2. Bank reconciliation<\/p>\n\n\n\n<p>A Bank reconciliation checks the differences between your company\u2019s accounting records and the bank statement.&nbsp;<\/p>\n\n\n\n<p>When you find a difference between the two, your company\u2019s finance team will start to make the necessary changes to its accounting records.&nbsp;<\/p>\n\n\n\n<p>Bank reconciliations have to be carried out at regular intervals to make sure that your cash records are correct.&nbsp;<\/p>\n\n\n\n<p>The most effective way to execute a bank reconciliation is for your company\u2019s bookkeeper to refer to the internal source documents and use them to update the bank reconciliation statement.<\/p>\n\n\n\n<p>This is why routinely maintaining source documents is so important.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How-to: Collect, Manage, Store and Organize your source documents<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_75532\"  width=\"1080\" height=\"608\"  data-origwidth=\"1080\" data-origheight=\"608\"  data-relstop=\"1\" src=\"https:\/\/www.youtube.com\/embed\/WCC8qAfNItU?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Collecting and managing your source documents<\/h3>\n\n\n\n<p>There are a two main ways you can collect your company\u2019s source documents:<\/p>\n\n\n\n<p>1. You can physically collect and manage your source documents OR;&nbsp;<\/p>\n\n\n\n<p>2. You can digitally collect and manage your source documents.<\/p>\n\n\n\n<p>In this blog, we\u2019re going to be talking about how you can digitally collect and manage your records.&nbsp;<\/p>\n\n\n\n<p>Why are we only going to focus on digital collection and management?<br>That\u2019s an easy one to answer.<br>In our experience, physically keeping a track of your records is usually never effective.<br>There are just too many pros to digital collection and management like:<\/p>\n\n\n\n<p>1. Minimise risk of losing or damaging the documents&nbsp;<\/p>\n\n\n\n<p>2. Easy access from any device, which makes this methods all the more convenient<\/p>\n\n\n\n<p>3. It doesn\u2019t occupy any physical space<\/p>\n\n\n\n<p>4. Readily available<\/p>\n\n\n[et_pb_section global_module=\"25275 \"][\/et_pb_section]\n\n\n\n<h3 class=\"wp-block-heading\">Storing your source documents<\/h3>\n\n\n\n<p>The process of digitally storing your source documents is pretty easy and straightforward.<br>The simplest method of implementing this is to use your company\u2019s cloud storage.<br>Depending on which online system your company uses, you\u2019ll have access to different types of storage.<br><br>Here at Simplebooks, we use g-suite. So, naturally, we use&nbsp;<a href=\"https:\/\/www.google.com\/intl\/en_in\/drive\/\" target=\"_blank\" rel=\"noreferrer noopener\">Google Drive<\/a>&nbsp;to store all of our source documents online.<br>If your company runs on Microsoft, you\u2019d probably end up using&nbsp;<a href=\"https:\/\/office.live.com\/start\/OneDrive.aspx?ui=en%2DUS&amp;rs=NO\" target=\"_blank\" rel=\"noreferrer noopener\">One Drive<\/a>.<\/p>\n\n\n\n<p>In today\u2019s day and age, a lot of vendors, suppliers and clients issue digital invoices, receipts, cheques, and etc. So, you can always upload and store a copy of these documents on your cloud.<br>However, if they\u2019re more conservative \u2013 they could exclusively issue physical records.<br>In this case, all you have to do is scan and upload the documents to your drive.<\/p>\n\n\n\n<p>Here\u2019s a really simple process that you can follow:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Collect all the digital invoices, receipts, vouchers, and etc of your company.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Scan and collect all of your physical source documents.<\/li>\n\n\n\n<li>Create separate folders on your cloud for different record types (these folders could also have sub-folders for monthly, or weekly, or other sorting timelines in your company. Find something that works well with your internal financial processes, and fine-tune it accordingly).<\/li>\n\n\n\n<li>Routinely upload your source documents to these folders.&nbsp;<\/li>\n<\/ol>\n\n\n[et_pb_section global_module=\"25606 \"][\/et_pb_section]\n\n\n\n<h3 class=\"wp-block-heading\">Organizing your source documents<\/h3>\n\n\n\n<p>There are a few really easy steps you can take to ensure that your records are organized and kept up to date.<br>Here are two:<br>Step 01: Pre-number your documents<\/p>\n\n\n\n<p>This will make it easier for you to keep track and to track down any missing documents.<\/p>\n\n\n\n<p>Step 02: Reconcile the balances in accounts to the relevant source document<\/p>\n\n\n\n<p>By doing this, you can check to see which documents haven\u2019t been recorded; or if there are any transactions that have been recorded in the account but don\u2019t have a supporting source document.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Let Simplebooks manage your source documents for you!<\/h2>\n\n\n\n<p>Tracking, collecting, managing, storing and organizing your company\u2019s source documents is annoying. We get it.<\/p>\n\n\n\n<p>We\u2019ve witnessed a lot of entrepreneurs and companies waste a lot of time on this one task.<\/p>\n\n\n\n<p>Time \u2013 that they could\u2019ve spent on nurturing and growing their business.<\/p>\n\n\n\n<p>So, let us help you tackle this problem early on.<\/p>\n\n\n\n<p>Don\u2019t waste your time on your source documents \u2013 we\u2019ll take care of it for you.<\/p>\n\n\n\n<p>Here at <a href=\"https:\/\/simplebooks.com\/\">Simplebooks,<\/a> we\u2019ve helped hundreds of businesses save their time by doing this task for them.<\/p>\n\n\n\n<p>We could help you too.<\/p>\n\n\n\n<p>Have a team of experienced accountants and bookkeepers track, collect, manage, store and organize your records for you.<\/p>\n\n\n\n<p>Talk to our team to get started, it\u2019s that easy.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button ctat\"><a class=\"wp-block-button__link wp-element-button\" href=\"\/srilanka\/contact\/\">Talk to our team for free<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Efficient bookkeeping practises usually means that your Private Limited Company is safe from government penalties.&nbsp; Well-kept books also means that the company is both tax and investor ready. But, how do you make sure that your books are accurately maintained?&nbsp; We\u2019re glad you asked The most basic and important step to ensuring this is to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":25295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[18],"tags":[36,59,22],"class_list":["post-10552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","tag-bookkeeping","tag-fasttrack","tag-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>8 Source Documents You Should Maintain in Your Private Limited Company | Sri Lanka Accountant Service - Sri Lanka<\/title>\n<meta name=\"description\" content=\"Are you trying to figure out the basics of bookkeeping in your Private Limited Company? 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