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Finance

Payroll and Compliance Financial Reporting Tax Accounting Compliance Management Reporting Virtual CFO Transactional Finance

Accounting Capability

Swivel Group’s Accounting & Finance capability includes outsourced services across Financial Reporting, Payroll, Compliance, Taxation and Para planning. Having access to a talented pool of candidates across the Sri Lankan market, we are able to recruit the ideal candidate to suit your business and culture.

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Payroll and Compliance

Payroll processing including the payment of all
Statutory payments and obligations
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Financial Reporting

Monthly Reporting including P&L, Balance Sheet and Cashflow Statements
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Tax Accounting Compliance

Preparation of Income Tax Accounts for Companies and Trusts. It includes compliance aspects around Income Tax, FBT, GST, Superannuation, WorkCover as well as Payroll Tax.

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Management Reporting

Monthly Reporting including Forecasting, Budgets and Variance Analysis
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Transactional Finance

Back end Accounts Payable and Accounts Receivable functions including Data Entry and Bookkeeping

Process & Fees of Swivel Group Finance

Sri Lanka has a large and talented Accounting and Finance community with the second largest amount of Qualified Charted Accountants in the World, only second to the UK. 

The consulting process is kicked off with our Melbourne based CFO, who would meet with our clients to scope and understand the requirements. With the assistance of Swivel Groups on-ground recruitment team in Colombo, Sri Lanka we are then able to run an extensive search on the market for the right fit for your business. 

The typical end to end process will run for 4 weeks with Candidates presented to our clients within 7 days post scoping. Candidates range from $30K AUD to $55K AUD depending on seniority and designation. There is a one-off, $3,800 Infrastructure Set-Up fee per staff member. This set up fee includes the purchase of IT equipment, Payroll and Employment contracts. 

 

 

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Junior Accountant

Less than 2 years of Experience
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Junior Accountant

3 to 5 Years of Experience
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Mid Accountant

4 to 6 Years of Experience
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Senior Accountant

5 to 8 Years of Experience
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Manager

8 Years and Above

Working Hours & Australian Calender

We operate 4.5 hours behind AEST and follow the Australian Calendar for Public Holidays.

Security & Data Integrity offerings

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All staff required to sign our NDA and Anti-disparage agreements.

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22 procedures in place relating to Information Security

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114 Controls in places aligned with ISO 27001

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Information Security Steering Committee appointed

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Risk Assessments & Audits performed regularly with detailed mitigation plans