Accounting function setup, assessment & enhancement
Professional – Optimized – Reliable
Services
General description of the service
With this service, our team of professionals supports clients in improving and optimising their accounting function, helping enterprises operate efficiently and fully comply with applicable regulations.
The deliverables of this service include a fully established or enhanced accounting system, detailed guidance on accounting processes, specialised training programmes for the accounting team, together with an assessment report on the function’s performance and recommendations for improvement.
Our objective is to help enterprises build a strong accounting function, strengthen financial management capabilities, ensure regulatory compliance and optimise operational efficiency within the organisation.
Service Usage Context
- Newly Established Enterprises or Start-ups: These enterprises often do not yet have a fully developed and professional accounting function. The service helps them establish an accounting function from the outset, ensure regulatory compliance and build a solid financial foundation.
- Small and Medium-sized Enterprises (SMEs): Small and medium-sized enterprises may face challenges in maintaining an effective accounting function. The service helps them improve and optimise accounting processes while ensuring regulatory compliance without the cost of maintaining a large accounting team.
- Large Enterprises or Multinational Companies: These enterprises may need to improve or enhance their accounting function to meet complex financial management requirements, particularly where they have international operations or are affected by changes in regulations. The service helps them build a robust accounting system capable of meeting these requirements and improving operational efficiency.
- Enterprises Seeking to Optimise Internal Processes and Compliance: Enterprises facing challenges with the efficiency of their accounting function may need to reassess their existing processes and systems. The service helps improve workflows, minimise errors and optimise the operational efficiency of the accounting function.
Service delivery process and timeline
Service process
- Collect information on the existing accounting function, including personnel, processes, software, financial statements, supporting documents and other relevant information.
- Assess existing issues and identify areas for improvement within the accounting processes.
- Develop a detailed plan for improving the existing accounting function or establishing a new accounting system.
- Recommend an appropriate accounting function structure, software solutions and required processes.
- Install, customise and implement accounting software, where applicable.
- Set up the chart of accounts, financial statement templates and procedures for retaining accounting documents.
- Establish internal control procedures to help ensure compliance with applicable accounting regulations.
- Provide training to the accounting team on new processes, software and supporting tools.
- Provide detailed guidance materials and support staff during implementation.
- Review and assess the effectiveness of the new system after implementation.
- Monitor and evaluate compliance with applicable regulations and the operational performance of the accounting function.
- Provide a detailed report on the results of the new system implementation.
- Recommend further improvements based on the assessment of the accounting function’s effectiveness, with the aim of enhancing operational efficiency and regulatory compliance.
Timeline for Service Delivery
The timeline for accounting function setup, assessment & enhancement services depends on the specific scope of work, the client’s level of cooperation and responsiveness, and the readiness of relevant parties to provide the necessary information and documentation.
Typically, we can complete this service within approximately 4 to 6 weeks, depending on the complexity of each project. For urgent requirements or projects of a special nature, we may allocate additional resources, flexibly adjust the implementation process and require close cooperation from the client to help ensure both the agreed timeline and the quality of the work.
Quotation process and service fees
To prepare and send you a tailored quotation, we kindly request that you provide relevant information via our form and/or through an in-depth discussion. Based on the information collected, we will analyze your needs and specific requirements in order to:
- Assess the feasibility of service delivery: Determine whether we can provide the requested service appropriately and at a guaranteed quality level.
- Advise on optimal solutions: Recommend alternative solutions (if any) to help optimize efficiency and cost-effectiveness for your organization.
If we are able to support you, we will propose a reasonable fee based on:
- An estimated workload of the engagement;
- The level of professional expertise required from our team.
Estimated response time: The quotation process will be completed within 12 to 24 hours upon receiving your request.
Frequently asked questions
1. Does Crowe’s accounting service ensure the confidentiality of enterprise information?
We are committed to maintaining the absolute confidentiality of all client information under a Non-Disclosure Agreement (NDA) and apply advanced data security measures to ensure information is protected.
2. When should an enterprise optimise its accounting processes?
- An enterprise should consider optimising its accounting processes when its operations expand, costs increase or financial reporting becomes less accurate.
- This is also important where risk controls or regulatory compliance are not sufficiently effective, or during digital transformation.
- In particular, before capital raising, listing or entering into international cooperation, a transparent and optimised accounting system can help strengthen the enterprise’s competitiveness.
3. Do small enterprises need to engage accounting services?
Yes. Regardless of size, accounting errors may still result in penalties or create difficulties as the enterprise expands. Using professional accounting services helps ensure regulatory compliance, minimise errors and legal risks, improve financial efficiency and reduce personnel costs, allowing the enterprise to focus its resources on core business activities.
4. Can an enterprise change its accounting outsourcing service provider?
Yes. Enterprises may change their accounting outsourcing service provider if the current service no longer meets their requirements. We support data migration, document handover and onboarding to help ensure a smooth transition.
Brand commitment
Crowe Vietnam is committed to building and delivering on its brand personality, with the goal of fostering trust and providing an exceptional experience throughout our journey with clients and partners.
High professional quality at a reasonable cost
Crowe Vietnam is committed to delivering high quality solutions and services at reasonable costs, ensuring an exceptional client experience. We consistently strive for differentiation and continuously enhance the professional capabilities of our team to best meet the evolving needs of our clients.
A portrait of our clients & business partners
We aspire to collaborate with clients and partners who are committed to:
Insights
News
Overview of Crowe Vietnam
Top 9
International brand in Audit, Accounting, Tax, and Business Advisory
Top 9
Audit service provider for FDI enterprises in Vietnam
Top 15
Audit and Advisory service providers in Vietnam
18+
Years of operation (since 2008)
200+
Personnel (350+ including personnel of Crowe’s business associates in Vietnam)
4
Offices
1000+
Clients (1500+ including clients of Crowe’s business associates in Vietnam)
Crowe Vietnam Introduction Video
Why choose us for this service?
Choosing the right service partner is a key factor in ensuring both effectiveness and peace of mind. Here’s why Crowe Vietnam is the trusted choice for you.
International Brand
Crowe Vietnam is a member of Crowe Global, one of the world’s top 10 networks in accounting, audit, tax and business advisory services. With a network of 798 offices across 150 countries, we are committed to delivering accounting services that meet international standards to all our clients.
Assured Expertise
With a highly qualified team holding professional qualifications such as CPA Vietnam, CTA, ACCA, CPA Australia and ICAEW, Crowe Vietnam delivers reliable, accurate and transparent accounting services in compliance with Vietnamese regulations and international standards.
Professional Services
We strictly comply with professional standards. Our clients also receive useful newsletters and publications, attend professional seminars with experienced specialists, and access practical support tools developed and continuously enhanced by Crowe Vietnam.
Strict Confidentiality
At Crowe Vietnam, client confidentiality is always a top priority. We apply rigorous internal controls systems and advanced security standards to ensure that all accounting and financial data is securely protected and information security risks are minimised.
Global Support
With direct support from the Crowe Global network, we provide comprehensive accounting advisory solutions that address clients’ needs in Vietnam and support international expansion, ensuring regulatory compliance and optimising business efficiency across multiple markets.
Reasonable Fees
We are committed to delivering services of a quality comparable to leading global firms at highly competitive fees, ensuring that clients receive optimal value and an appropriate balance between cost and quality when using our accounting services.
Senior Personnel
Nam Nguyen
Chairman & Managing PartnerFCCA, FCPA, CA (SGP), CTA
Lam Vu
General Director & Audit DirectorCPA VN, CPA AU, CTA, MA
Linh Nguyen
Partner, Tax & AdvisoryCPA VN, CPA Aust., CTA
Phat Tran
Partner, Audit & AssuranceFCCA, CIA, CPA VN, CTA