General accounting services in Vietnam

Accounting is always a profession that young people pay a lot of attention to because the accounting department is an indispensable specific part of each business. There are many positions around the accounting department and for many people, general accounting is still quite unfamiliar. The following article of Viet An Tax Agent will help you better understand the work of a general accountant as well as answer questions about the job description of a general accountant.

What is General Accounting in Vietnam?

A general accountant is a person who takes on the role of covering all accounting work in a business, from handling detailed operations to synthesizing and analyzing financial data comprehensively. They are not only the ones who directly implement but also play the role of guiding and providing professional support to other accountants, ensuring that all accounting operations are carried out in accordance with current accounting processes and standards.

The work of a general accountant includes collecting, recording, checking and making statistics of financial data, making accounting reports, financial statements, management reports, etc. according to the indicators reflecting the value and operational efficiency of the enterprise. At the same time, they are responsible for controlling and processing accounting documents and data, accounting in detail of revenues and expenditures, monitoring and managing debts, contributing to ensuring transparency, accuracy and reasonableness in the entire financial and accounting system of the company.

With a central role in reflecting and supervising the financial situation, general accountants play a decisive role in ensuring the accuracy, validity and legality of financial statements, thereby helping the company’s leadership have a solid basis to make effective management decisions and strategic development orientations.

What is the job of a general accountant in Vietnam?

The most basic general accounting job description table

The work of a general accountant requires a deep understanding and the ability to manage a variety of accounting operations in the enterprise. In order to ensure work efficiency, general accountants need to master each part of accounting, understand the nature of arising economic operations and handle them accurately, avoid errors or mistakes in the process of accounting and reporting.

The main tasks of a general accountant will be described in the description table below:

• Checking and collating data, reviewing arising accounting entries; Check the correct match between detailed and aggregated data between departments
• Check the balance at the end of the period, ensure that the balance on the accounting books matches the report and vouchers, compare and balance the data between the detailed and general administrative parts.
• Monitoring debts, managing debts of the whole enterprise, including the office sector; analyze and propose backup plans or handle bad debts.
• Preparation of financial statements and finalization, detailed accounting of expenses, income, debts, depreciation, VAT, etc. and make financial statements on a monthly, quarterly and annual basis.
• Organize the system of accounting books, records and summarizes detailed books and general books in accordance with current accounting regulations.
• Proposing improvements, making recommendations to improve accounting methods and optimize the process of making financial statements.
• Storing accounting data, managing and storing accounting documents and data on accounting software in accordance with regulations and standards.
• Reporting and explaining, statistics, provision, and explanation of accounting data at the extraordinary request of the board of directors or functional agencies.
• Provide professional guidance, support and train accountants in processing and accounting accounting data accurately and reasonably.

The work of general accountants in each stage

The work of an internal general accountant includes making reports and processing accounting documents in specific stages. Depending on the nature and requirements of the business, the tasks will be divided into time cycles such as: daily, monthly and quarterly tasks. Each stage requires accuracy, timeliness and strict compliance with financial and accounting regulations to ensure transparency and efficiency in internal management.

Basic daily work:

• Accounting, declaration of income and expenses, costs, depreciation, debts, VAT, etc.
• Manage accounts receivable and accounts payable.
• Check the status of inventory movements (in/out) and stock levels, prepare goods receipt notes, goods issue notes, or sales/purchase invoices according to regulations.
• Collect and compile data, documents, and reports through accounting operations.
• Research and compile information on raw materials and prices of each type of goods.

The job of a general accountant on a monthly basis

• Prepare monthly operational reports for businesses such as tax reports or VAT declarations and prepare internal reports related to the company’s invoices.
• Calculate salaries according to labor contracts.
• Reconcile data and compile detailed statistics on monthly allocated data.
• Account for cost allocations and depreciation expenses.
• Request extension for tax payment for the company if issues arise.

The work of a quarterly general accountant

• Prepare quarterly reports according to regulations such as corporate income tax, tax returns.
• Synthesize, statistically and compare reported data.
• Make internal reports on accounting data and figures arising in the quarter

General Accounting Interview Questions

General accounting is one of the most sought-after positions due to its attractive income and clear career development opportunities. Therefore, the level of competition in recruiting for this position at businesses is always very high. In order to be more confident when participating in interviews and improving your chances of getting admitted, it is very necessary to carefully prepare professional knowledge as well as practice common questions.

Here are some common interview questions for general accountant positions, helping you proactively prepare and show your abilities in the best way:

• What are the specific tasks that a general accountant needs to perform during the day?
• Describe the process of checking the data before compiling the documents into a report. How will you handle if you find an error?
• In the accounting industry, especially in general accounting positions, data errors are inevitable. How do you deal with discrepancies between reports?
• In addition to office informatics skills, what specialized accounting software have you mastered?
• Describe the accounting process of accounts in the enterprise.
• If accounting reporting errors affect the company’s profits, how will you handle and be responsible?
• What difficulties have you ever encountered in your internal accounting job? How did you overcome those difficulties?
• Describe the accountability process and provide data when working with the audit.

Income of general accountants in Vietnam

As with many other professions, the salary of a general accountant varies depending on the size of the business (large, medium or small) as well as the actual capacity and experience of each individual. In addition, the income level is also affected by the field of operation of the business, the complexity of accounting work and the requirements of internal financial management.

Currently, the average salary for a general accountant with a few years of experience usually ranges from 8,000,000 to 12,000,000 VND/month. For new graduates or those with little experience, the starting salary usually falls in the range of 5,000,000 – 8,000,000 VND/month, depending on adaptability and initial professional background.

Meanwhile, general accountants who have many years of experience, master their expertise and are able to handle complex operations well, especially at large-scale enterprises or multinational corporations, can reach an income of 20,000,000 to 30,000,000 VND/month, even higher if concurrently holding financial management positions.

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