An accounting firm is a company that provides services related to accounting, tax, social insurance and labor consulting services at enterprises. In addition, the company is only allowed to provide accounting services when it meets the business conditions as prescribed by the Law on Accounting and is granted a Certificate of eligibility for accounting service business.
Conditions for providing accounting services
- There are at least two capital contributors who are practicing accountants
- The legal representative, director or general director of a limited liability company must be a practicing accountant
- An accounting service limited liability company must have at least 02 capital contributors who are accountants registered to practice at the company. The contributed capital of practicing accountants must account for more than 50% of the charter capital of the company.
Every year, the accounting firm must fully comply with the mandatory knowledge updating regime and maintain the practice conditions of the Ministry of Finance.
Applying achievements in the 4.0 technology revolution, accounting firms are now using accounting software to reduce manual work and limit errors, increasing the accuracy and timeliness of financial information.
Besides, accountants are also encouraged to add skills, experience working with accounting software, business management software, and error detection and control skills.
The main services of an accounting firm include: bookkeeping, financial statement preparation, accounting consulting, tax reporting and compliance, tax consulting, tax refund, salary calculation, tax finalization, registration chief accountant.
Advantages of using an accounting firm
Focus on core operations: By outsourcing accounting services, businesses can focus on their core activities without having to worry about day-to-day accounting. This helps to optimize the resources and capabilities of the business to achieve growth and success.
Compare to self-organizing a complete accounting department within the enterprise, outsourcing a professional accounting service company has more advantages. With the advantage of providing services to a large number of businesses, the accountants’ experience. and knowledge are enhanced, helping to quickly and effectively handle tax, accounting and legal issues of the enterprise.
Signing a contract with an accounting firm is usually long-term, stable and has high legal value. In addition, outsourcing services will help businesses save time and effort to operate an effective accounting department.
Chief accountant services will be provide at the request of the business. Vinasc is a qualified company to provide professional Chief Accountant services, can appoint our personnel to register as Chief Accountants of the business. This title is mandatory for all companies operating in Vietnam, responsible for reviewing, approving and signing accounting documents and documents.
What services does an accounting firm provide
Depending on the scope of services required by the business, the consulting team will perform the following tasks:
- Research and review legal records related to the financial activities of the enterprise.
- Collect, review and check the completeness and legality of the accounting documents including invoices, import and export declarations, purchase and sale contracts, bank documents and other relevant accounting documents.
- Declare Value Added Tax, Personal Income Tax from wages and salaries by month or quarter.
- Bookkeeping and preparation of financial statements in accordance with Accounting Standards.
- Compare books with tax declarations to ensure compliance with the law.
- Perform statistical procedures.
- Implement procedures for reporting the situation of labor use.
- Payroll services.
- Carry out procedures related to Social Insurance, Health Insurance, Unemployment Insurance.
- Discuss with the Board of Directors about issues that need to be considere and change for the future operations of the business.
- Hand over accounting books, financial statements and related tax declaration dossiers in accordance with law.
- Explain data on financial statements and tax reports to tax, audit, social insurance, labor and statistical agencies.
Highlights in Vinasc
Diverse expertise
Vinasc accounting firm has a team of experts with wide knowledge and experience in many fields. This allows us to provide specialized services, including auditing, tax advice, accounting and finance.
Professionalism
Vinasc operates on professional standards and procedures. Our team of professionals complies with applicable tax and accounting regulations and can ensure accuracy and legal compliance.
Flexible and economical
Vinasc’s accounting services can provide flexible services, tailore to the needs of changing the level. and scope of services according to the specific requirements of the business. This saves time, resources and personnel compare to setting up and maintaining an internal accounting department.
Avoid conflicts of interest
When there is an internal accounting department, there can be a conflict of interest between. the performance of accounting duties and the management and operation of the business. By hiring an outside accounting services firm, you can ensure objectivity and independence in your financial and tax handling.
Corporate culture
Vinasc builds a culture that values service quality from the top management level to all employees. We uphold accounting ethics by developing a complete ethics policy, disseminating requests, and establishing processes to detect and resolve issues of non-compliance.
The Vinasc team is always aware that corporate value is accumulated through time and the collective interaction.
Vinasc’s value is constantly improving by collaborating, sharing ideas of members, passing on knowledge and experience to the next generations.
Contact
If your business needs to use the services of the accounting company, please contact Vinasc using the information below. We will find out the information and send a detailed quotation letter for your consideration.