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HARSHITHA BANDARA & COMPANY

Fast-growing Audit & Assurance firm in Sri Lanka

Harshitha Bandara & Company (HBCO) is one of the fast-growing Audit & Assurance firms in Sri Lanka providing high-level professional services covering all Audit Assurance & Tax Consultancy Services with over 30 numbers staff members. HBCO was continuing operations since 2010. HBCO has expanded their role becoming a comprehensive consultancy firm.

About HBCO

Our Core Services

Taxation Services

Taxation Services

Our comprehensive Taxation Services deliver strategic tax planning, meticulous compliance, and expert representation for corporate and individual clients. Navigating evolving tax codes requires precision, and our dedicated professionals ensure your tax liabilities are minimized legally and efficiently. We provide detailed tax computations, handle statutory tax filings, and offer proactive advice on tax implications of complex business transactions. By staying ahead of regulatory changes, we protect your organization from unforeseen liabilities and compliance penalties. Our service goes beyond basic return preparation. We actively review your corporate structure and operational workflows to identify tax-saving opportunities and incentives that enhance overall profitability and cash flow.

Inventory Valuation

Inventory Valuation

Our professional Inventory Valuation service provides precise, compliant metrics to establish the true cost and current value of your on-hand stock. Accurate inventory measurement is critical for determining correct cost of goods sold (COGS) figures and ensuring your balance sheet reflects your exact financial position. Our team analyzes your inventory systems to deploy the most appropriate valuation frameworks, whether your operational profile requires FIFO, LIFO, or Weighted Average Cost methods. We look closely at variables such as raw material costs, freight charges, direct labor, and manufacturing overhead allocations.

Monthly Accounts

Monthly Accounts

Our Monthly Accounts service delivers structured, timely financial statements that give business owners and management absolute visibility into ongoing performance. Waiting until the end of the fiscal year to review numbers can leave your business vulnerable to hidden costs and sudden market changes. We provide a regular, accurate assessment of profitability to keep your operations agile. Our team manages the entire month-end closing process, checking that all operational transactions, journal entries, and ledger adjustments are processed smoothly. We compile comprehensive financial packages containing your profit and loss statements, balance sheets, and cash flow readouts.

Management Accounting

Management Accounting

Our specialized Management Accounting service delivers timely, accurate financial analysis to empower business leaders with critical decision-making insights. Moving far beyond basic historical record-keeping, we transform complex transaction logs into clear, actionable financial intelligence. We provide a real-time, comprehensive view of your current financial health, helping you steer your business confidently toward profitability. This comprehensive service includes the meticulous preparation of monthly financial statements, budget variance analyses, and cash flow forecasts. We handle essential foundational tasks, including rigorous bank reconciliations, precise general ledger maintenance, and accurate data entry routines.

Bank Reconciliation

Bank Reconciliation

Our dedicated Bank Reconciliation service provides an essential administrative control line by matching your internal cash ledgers against actual bank statements. Discrepancies between your internal system and bank records frequently hide administrative errors, unrecorded processing fees, or timing delays. We systematically identify and rectify these mismatches to protect your cash positions. Our accounting specialists cross-reference every deposit, automated transfer, check issuance, and point-of-sale transaction to locate processing errors instantly. We investigate outstanding checks, deposits in transit, and unexpected banking charges that skew your apparent liquidity profile.

Corporate Secretarial Services

Corporate Secretarial Services

Our Corporate Secretarial service ensures your business operates in complete harmony with legal mandates, regulatory frameworks, and statutory compliance obligations. Failing to maintain proper corporate records can lead to legal penalties, loss of good standing, or operational halts. We manage your administrative obligations so your leadership can focus entirely on commercial growth. We handle the meticulous drafting and filing of statutory returns, corporate resolutions, and official changes to company structure or ownership. Our team coordinates board meetings, preparing accurate minutes and maintaining the official statutory registers required by company law.

Fixed Asset Verification

Fixed Asset Verification

Our Fixed Asset Verification service delivers an accurate, physical audit of your physical resources, property, plant, and equipment assets. Over time, internal asset registers frequently become decoupled from reality due to unrecorded disposals, transfers, or hidden equipment damage. We conduct physical verifications to ensure your balance sheet values line up with real-world assets. Our verification teams execute systematic physical inspections, tagging items with barcodes or tracking identifiers to match against your ledger. We log details regarding asset location, current operational condition, custodian assignments, and serial numbers.

Data Entry

Data Entry

Our Data Entry service provides businesses with a highly accurate solution for processing raw data into organized digital records. Manual data entry is time-consuming and prone to errors that can disrupt downstream financial reporting and operations. We handle the heavy lifting, ensuring your everyday transactional data is captured cleanly and efficiently. Our specialists input receipts, vendor invoices, customer bills, and operational logs into your central ERP or accounting platform. We follow data verification protocols to eliminate duplicate entries, correct classification errors, and resolve formatting issues at the entry point.

Daily Insights & News

Federal Reserve Announces New Interest Rate Hike to Combat Inflation
News

Federal Reserve Announces New Interest Rate Hike to Combat Inflation

The United States Federal Reserve has announced another significant interest rate hike in its ongoing battle to curb persistent inflation. The central bank raised its benchmark federal funds rate by 0.25 percentage points, bringing the target range to its highest level in over two decades. Federal Reserve Chair Jerome Powell stated that while inflation has shown signs of cooling in recent months, it remains above the Fed's 2% target, necessitating further monetary tightening to stabilize the economy. This move has immediate global ramifications, particularly for emerging markets and international trade. A stronger US Dollar, driven by higher yields, could increase the cost of servicing dollar-denominated debt for developing nations. For businesses locally, this means borrowing costs will continue to remain elevated, impacting corporate expansion plans and capital expenditure. However, the rate hike also presents opportunities for high-yield savings and strategic fixed-income investments. Financial analysts advise companies to maintain robust liquidity buffers and reassess their debt structures. While the stock market experienced initial volatility following the announcement, long-term investors are encouraged to remain focused on fundamental valuations rather than short-term fluctuations. We will continue to monitor the Fed's subsequent policy meetings closely.

Jun 22, 2026

Our Key Members

Harshitha Bandara

Harshitha Bandara

ACA - Managing Partner

Established HBCO in 2010. Over 18 years of experience in Accounting and Finance, with 14 years as a specialized Chartered Accountant.

Ayesha De Costa

Ayesha De Costa

ACA - Head of Taxation

Extensive experience in Audit Assurance and Taxation for over 18 years. Leads the firm's strategic tax advisory department.

Shirlana Perera

Shirlana Perera

ACA, Bcom, MBA - Senior Consultant

Former Assistant General Manager (Internal Audit) of Peoples Bank. Brings 33 years of deep expertise in banking and finance.

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Contact Us

Get in Touch

Our professional team is ready to assist you with any financial or tax-related inquiries.

  • 18/263 1-A, Kethsiri Place, Kottawa, Pannipitiya, Sri Lanka
  • +94 71 869 4861
  • harshitha@hbco.lk
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