Accounting services seem to be very popular with many companies today and bring in quite a significant revenue. However, many people are wondering whether they should I do accounting services or not? Many times they are not sure how the process works or what the conditions are. However, you can rest assured that Viet My has now become a consulting company and will carry out all the procedures to open an accounting service for you.

1. Should I do accounting services?

Should I work as an accounting service company is a question that many people are thinking about opening an accounting service company. It depends on the direction you want to go as an accounting service company. If internal accounting has been around for a long time, service accounting is now a trend for many companies. To save costs, many companies have turned to short-term accounting and benefits accounting. Both corporate accounting and service accounting positions are now considered acceptable for many job seekers.

If you want to improve your experience, Viet My says you should try a corporate service accounting job. This job will help you further develop the skills and knowledge needed for the job. Needless to say, accounting opens up opportunities for personal income growth.

2. Some issues when preparing to open an accounting service company?

Carefully research the product being mentioned:

• This is the first step in the process of starting, if you do not carefully research the product you intend to sell, you will be very vague about it. Consulting, promoting, and introducing the company’s products will be less attractive to customers. This even leads to difficulties in training your employees.
• Learn about the specific work items in the accounting service package.
• Equip key personnel with professional knowledge to do accounting consulting.

Sufficient scale as a basis for establishing an accounting service company

• The first thing everyone knows is capital. Whether you are a business or a startup, you need capital.
• Establishing an accounting service company requires a certain amount of capital, depending on the size of the company. Whether it needs to be sponsored or invested by others. Nothing operates without enough capital. Once your small “empire” is established, there will be a lot of things that need capital.

Advertising and marketing strategy:

When starting a business, the source of work is the most important issue. Most companies today approach their source of work through many different channels.

Business plan:

A solid and detailed business plan will help you succeed. Presenting your idea to potential investors is very important. A business plan should include a statement of objectives, an overview of the business, services or products or service descriptions, target markets, financial plans and operating costs. …

To plan a suitable business strategy, it is necessary to assess the market with a keen eye, discover the potential of the product, build a development plan for each stage, accumulate experience, and strive to achieve higher goals than you have.

Define the target market:

Define your target market and your main customers is very important. Who are your customers? How much demand there is for this product is the basis for developing a market assessment and serving potential customers. At the same time, you also need to determine who your competitors are, how competitive your target market is, and find ways to reduce competition for your business.

Don’t be too afraid of competition:

Don’t badmouth your competitors when talking to investors or customers. You don’t have to be an object of pity. In fact, this type of communication can even “steer” customers to competitors (companies that offer products or services that customers don’t need). Remember, there is competition, there is a market, and there is a market, there is a place for your business. Use this knowledge as inspiration to outperform your competitors.

The problem of hiring an accountant to do the books:

For small start-up companies, it is not necessary to hire hard-working employees for accounting and tax tasks. You can start cutting costs by hiring an accounting service. Law firms can be a reputable address for you to refer to and choose the best accounting services for yourself.

3. Requirements for accounting service company staff

To do this job well, you need expertise to understand and master the job. Employers do not want to hire someone with little knowledge who is trained in the most basic things. According to the provisions of Vietnamese accounting law, those who want to provide accounting services must have a degree or practice certificate issued by a competent authority.

To provide accounting services, individuals and businesses in the industry must meet the following requirements:

• An accounting certificate is required. Or a certificate of tax procedure services.
• A person with a tax certificate can only provide tax declaration services, can only be a tax agent, and cannot do accounting books.
• Individuals with an accounting certificate can provide accounting and tax declaration services. But they are not accountants.

To become a professional accountant requires professional qualifications, experience and knowledge. In addition, knowledge of foreign languages, English for accounting is also an important skill if you want to become a professional accountant. Currently, in the Vietnamese market, there are many foreign companies whose owners and legal representatives are foreigners. There is also a high demand for comprehensive accounting services from such foreign-affiliated companies. Therefore, basic English will help you be more confident when working with foreign companies to prepare financial reports and accounting documents in English for customers.

3.1 Qualities of an accountant

We all know how important accounting is to any business. Accounting is an essential position for a company, so an accountant needs to have the following main qualities:

• Honesty and diligence: Accounting is related to all records, books and paperwork of the company, so it is necessary to be diligent and careful. Accounting service providers work for many companies at the same time, so this function needs to be expanded many times. To avoid mistakes and confusion in work, to improve work efficiency, it is necessary to be more standardized… Accountants can lose the whole company, even many companies if they keep making such careless mistakes, it is a serious mistake. … dedication is a necessary quality for accountants, especially service accountants because accounting is directly related to the financial and economic activities and business operations of a company. This means that you are creating trust for customers. From there, customers who trust you will definitely refer other customers to you.
• Professional ethics: an issue that is always highly appreciated by employers in the recognition of the business. New entrepreneurs do not have to worry if you are professional and have good knowledge of accounting books. In addition, a person with good work ethics will certainly be more successful in the job.

3.2 Other skills required of accountants

• Analytical skills, general observation skills: For example, accounting services such as collecting invoices, books, reports …
• Skilled communication and professional behavior: Communication skills are always necessary skills for anyone who has the ability to communicate and bring people together. This is a prerequisite for building and expanding client relationships.
• Time management skills: Good organizational and time management skills are required to complete tasks on time, especially if you provide accounting services to multiple companies. This ability needs to be improved.

4. Introduction to Viet My Accounting Services Company

Viet My Law and Accounting, a professional unit providing reliable legal services in the fields of accounting, auditing and tax consulting, provides many priority, safe and convenient legal service packages.

With a deep understanding of the law and in-depth knowledge of accounting, Viet My has supported thousands of customers in tax procedures, professional tax accounting services, tax processing and financial reporting. Accounting is a truly reliable support for foreign companies in Vietnam and foreign companies in Vietnam in the field of tax accounting.

4.1 Accounting services provided by Viet My

Full package accounting is a service that provides businesses with all accounting operations, including:

• Accounting bookkeeping
• Financial reporting
• Tax reporting
• Tax settlement
• Tax consulting

Full package accounting services help businesses save time, reduce costs, and ensure accuracy in accounting operations. Businesses can focus on their core business activities without having to worry about accounting issues.

4.2 Benefits of using accounting services of Viet My Company

Time: Enterprises can focus on their core business activities without worrying about accounting issues.

Cost savings: Enterprises do not need to hire a full-time accountant, but only need to use a full-package accounting service if needed.

Ensure accuracy: Accountants of a full-package accounting service company have high expertise and extensive experience to ensure the accuracy of accounting operations.

Avoid tax risks: Accountants at a full-package accounting service company can advise businesses on tax issues, helping businesses avoid tax risks.

Enhance business competitiveness: Enterprises can focus on their core business activities without worrying about accounting issues, helping businesses improve their competitiveness.

The above is our answer to the question “Should I do accounting services?”. During the research process, if you need advice from VIET MY LAW AND ACCOUNTING on legal issues, please contact us for answers.