Accounting Advisory basic

Accounting Advisory Basic

Service Description

In this service, we will support and advise the client with basic accounting issues as follow:

  • Support the client to initially set up the accounting ledgers and register it with the tax authority.
  • Set up the foundation for accounting software, cooperate with the software provider to solve related technical issues to ensure the software will work properly from the beginning.
  • Set up an organizational structure for the accounting department (including responsibilities and functions)
  • Set up accounting policies and procedures (Ex: Cash collection/disbursement; Revenue & AR; Purchase & AP; Inventory costing, Fixed assets, …)
  • Advise the client in building up the detailed chart of accounts and reporting templates to meet requirements by laws and internal management purposes.
  • Support the client to prepare accounting reports basing on the available data if required.
  • Support to translate accounting ledgers and supporting documents from English to Vietnamese.
  • Advise the client about technical issues such as inventory costing methods, fixed-asset depreciation methods, accounting estimation methods, provision policies, expense-allocation policies,...
  • Support the client to write and send official letters to tax authorities when tax laws are not clear enough for the client to apply.
    .…

Accordingly, our detailed works are as follow:

  • Discuss with the client in detail to clearly understand their concerns and specific requirements.
  • Study relevant tax laws and similar cases.
  • Provide comprehensive explanation or advice to the client.
  • Support the client to solve the issues where and when necessary directly.

Clients consider using this service in the following cases:

  • The client may have foreigner directors/managers who do not have adequate knowledge and experience of accounting laws in Vietnam.
  • The client's staff are not confident with procedures in dealing with accounting procedures and tax authorities.
  • The client wishes to confirm their understanding of accounting issues with accounting experts.
  • The client wishes to hear professional opinions from accounting experts about their accounting issues in the case of unclear accounting laws.
  • The client does not have sufficient resources to handle related accounting works directly; therefore, they want to have support from accounting experts.
  • The client wants their accounting issues properly advised and supported by accounting experts to facilitate their business objectives.

 

Contact us

We provide services to enterprises across Vietnam. Should you want a meeting set-up, quotation, proposal or feedback