VAT, SSCL, WHT, EPF/ETF, APIT — all handled correctly out of the box. Gazette-2463/05 Tax Invoices, RAMIS-ready returns, real APIT tables 01-08. No spreadsheet gymnastics.
From the first invoice to the quarterly return, every step is engineered for Sri Lankan rules. No "Sri Lankan localisation pack" — the compliance is the product.
Gazette-2463/05 Tax Invoice PDFs with the mandatory YYMMM_QQQQ_XXXXX serial format. Customer + supplier TIN blocks, total-in-words, Original / Duplicate copies. WHT auto-withheld where the Rs.100k monthly threshold is crossed.
Every transaction posts to a balanced journal entry — enforced by database triggers, not by hope. A=L+E provably holds after every operation. Reversal, void, and credit-note paths preserve the audit trail.
Upload PDF or CSV bank statements. Match transactions to invoices, bills, or owner draws. Auto-detect duplicates. Posted matches flow straight to the ledger with a full paper trail.
Asmt_VAT_001_E with every cage code populated (A, A1, A2, D, D1, E, E1, H, 4, 5, 6, J4, 8, 9, 11, 13, 14, 15, 16, 18) plus the 7 supplemental schedules. Reconciles to the ledger Output VAT account to the cent.
SSCL quarterly return with sector multipliers (Mfg 85%, Services 100%, Wholesale 50%, Distributor 25%, Financial 100%). WHT certificates in the prescribed format. Registration-threshold banner when your turnover crosses Rs.36M/4-qtr (eff. 2026-07-01).
EPF Form C monthly, ETF Form II half-yearly, APIT tables 01-08 (lump-sum, terminal, non-resident, cumulative, tax-on-tax, secondary, foreign-employer). NCB valuation per circular SEC/2023/E/02 — all 15 benefit types.
Each engine is implemented from primary sources (IRD gazettes, practice notes, Shamil Shiraz's regulatory pack from Keytiqa) and validated against worked examples down to the cent.
Standard, zero-rated, exempt, excluded, deemed-specified, deemed-SDP. Classification governs both the charge and the cage — no drift.
Applied before VAT. VAT compounds on (base + SSCL) per the IRD's published order.
12 categories from the SEC/2022/E/03 gazette. Rs.100k monthly threshold enforced server-side. Per-supplier defaults.
Cross-validated against IRD's Mr. Ranaweera example (Rs.170k monthly + Rs.600k incentive → Rs.36,000 tax).
RAMIS Cages H / 4 / 5 with the CusDec serial. Posted to dedicated balance-sheet accounts 1415 + 1418.
Monthly EPF C-form, half-yearly ETF II — both as Excel for the EPF Department portal.
Vehicle Rs.20k + driver Rs.10k + fuel Rs.20k bundle. Residence 12.5/10/7.5%. Per circular SEC/2023/E/02.
P&L: Revenue → Cost of Sales → Gross Profit → Direct → Indirect → Operating → Other → Net. BS sectioned by current / non-current.
Most accounting tools get SSCL wrong by 2.5% of the SSCL — they charge VAT on the base instead of (base + SSCL). ClearBooks does it the way the Inland Revenue Department's worked example specifies.
| Base value of supply | Rs. 500,000.00 |
| SSCL @ 2.5% (on base) | + Rs. 12,500.00 |
| Subtotal liable for VAT | Rs. 512,500.00 |
| VAT @ 18% (on subtotal incl. SSCL) | + Rs. 92,250.00 |
| Total consideration | Rs. 604,750.00 |
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