Complete accounting books service in Vietnam

Bookkeeping is one of the important and essential factors in the field of accounting. It is a document that fully and accurately records the financial information of the enterprise, and is also a tool to support the management and monitoring of business activities of the enterprise. However, due to many different reasons, the accounting system of the enterprise still has many inadequacies. This also has many potential risks of tax violations, leading to tax arrears and administrative penalties when there are tax inspections and finalization. Therefore, Viet An Tax Registrar will provide accounting book completion services to help businesses have the best preparation for accounting books before the inspections of the Tax Authority.

What is bookkeeping completion service?

Pursuant to the provisions of Article 112 of Circular 200/2014/TT-BTC, accounting books are used to record, systematize and store all economic and financial operations that have arisen according to economic contents and chronological order related to enterprises. Each enterprise has only one accounting book system for one accounting sign.

Bookkeeping services are an effective solution to help businesses manage their finances effectively. This is a process that focuses on checking, supplementing and standardizing accounting data, in order to ensure that the business’s books operate properly and comply with the provisions of the law.

Subjects who should use the accounting book completion service of Viet An Tax Agent

If the business falls into one of the following cases, it should consider choosing the accounting book completion service at Viet An Tax Agent

• Newly established businesses: For new businesses, there will often be many initial difficulties in financial management and accounting. The use of bookkeeping services from the early days of business establishment will ensure that the accounting system is operated properly, as a basis for the following accounting periods.
• Growing businesses: For businesses in the development stage, there will be many complicated transactions. Bookkeeping services help businesses maintain growth by processing accounting data efficiently and reliably.
• Large and multinational companies: Large corporations and multinational corporations will have large and very complex operational scales. Therefore, the completion of accounting books needs to require high professionalism and accuracy.
• Business Individuals: Separate business individuals are usually quite small in size and do not have their own accounting team. Using accounting book completion services will help individuals manage their finances professionally, efficiently and save costs and resources.
• Non-profit organizations: Non-profit organizations also need to maintain an accounting system to manage their finances and perform tasks such as grants and donations in a transparent and reliable manner. Bookkeeping services will provide non-profit organizations with financial benefits.
• Individuals and families with diverse assets: For people with diverse assets, such as real estate, securities, bookkeeping services help them manage and optimize their assets effectively.

Causes of problems in the process of completing accounting books of enterprises

The accounting system of enterprises still often has many problems arising due to many reasons. This also poses many potential risks for businesses in tax inspections and finalization by tax authorities.

Common problems

In the process of managing accounting books, businesses often encounter certain difficulties, affecting the accuracy and reliability of financial statements as follows:

Causes of arising problems

Problems arising in the process of completing accounting books stem from the following reasons:

Benefits of using accounting book completion services at Viet An Tax Agent

• Save time and resources: Using bookkeeping services at Viet An Tax Agent will help businesses optimize costs compared to hiring internal accounting personnel. As a result, businesses can focus more on business activities instead of worrying about administrative and accounting issues
• Minimizing the risk of errors: Viet An Tax Agent with a well-thought-out working process and extensive practical experience, limiting losses in storage and accounting, ensuring the accuracy of financial information
• Continuous updates on legal regulations: Our team of accountants is always on top of changes in tax and accounting policies, helping to ensure that the process is compliant with the law
• Financial management consulting: In addition to the work related to accounting books, your business also receives advice on solutions to help businesses optimize incurred costs.

Order of work in the accounting book completion service of Viet An Tax Agent

The process to complete accounting books has been carried out by a team of experienced accounting experts and a team of professional auditors. The process will include the following steps:

• Step 1: Check and analyze accounting data: Check and analyze the accounting data of the enterprise, helping to ensure the completeness, accuracy and reliability of accounting data.
• Step 2: Processing accounting and adjustment entries: Perform accounting and adjustment entries for economic and financial transactions and events throughout the accounting period, to ensure full and accurate reflection of the financial situation of the enterprise.
• Step 3: Standardize accounting data: It is necessary to standardize accounting data to comply with accounting regulations and standards. This helps to compare financial information between businesses effectively.
• Step 4: Work with the auditor: Provide documents, explain transactions, and support the auditor team during the audit process
• Step 5: Prepare financial statements and accounting statements: Financial statements and accounting statements are made in accordance with current accounting regulations.
• Step 6: Accounting and financial consulting: A team of professional accountants will advise on issues in accounting and finance, thereby helping managers better understand the financial situation and make the right business decisions.

Information to be provided when using the accounting book completion service at Viet An Tax Agent

When choosing to use accounting book completion services at Viet An Tax Agent, you need to provide the following necessary documents and information to ensure the efficiency of the process:

• VAT invoices (input and output invoices for the year)
• Bank statements of financial transactions during the year
• Payroll and legal information of employees
• Information on accessing the electronic tax declaration system
• Industry information:
• For manufacturing companies: Provide product norms to determine production costs
• For construction companies: It is necessary to have a table of estimates and information on materials for construction works.
• Previous year’s book data creates a basis for comparison and ensures accuracy in financial statements

Time to complete the accounting book completion service at Viet An Tax Agent

Depending on the number of documents and invoices of each business, the time to complete the process is different:

• For businesses that rarely generate invoices, from only 2 days (up to 7 days), Viet An Tax Agent will complete accounting books
• For businesses that generate a lot of invoices and documents, the time to complete accounting books will range from 1-3 months.

If you have any difficulties or questions related to accounting book completion services, please contact Viet An Tax Agent for the most specific advice.