In the following article, Viet My would like to share with readers the issue of should I do service accounting? You want to open an accounting service company but are not clear about the conditions for doing accounting services and the procedures for establishing an accounting company? With previous experience in consulting and performing business registration services, readers can trust and refer to Viet My’s services!

1. Should you do service accounting or not?

Accounting services can be divided into three main types as follows:

Full package tax accounting: You will perform all tax accounting tasks such as issuing invoices, tax administrative operations, editing invoices and documents, declaring tax reports, registering tax accounting books, preparing financial statements, preparing tax settlement reports (including corporate income tax and personal income tax), complete documents related to revenue figures, deductible income and recorded expenses during the year and finally the obligation to explain tax accounting figures when there is a tax audit decision. This is the “busiest” job and the highest income, but you must carefully consider your time and main job when receiving this “package”.

Tax accounting inspection: only need to periodically review and re-evaluate the honesty, reasonableness, and validity of reports and documents because the company has employees to perform other tasks.

Year-end tax settlement service: You will receive data and documents to prepare a year-end settlement report, or more difficult, you must fully record the content arising during the year before making a settlement. This case occurs when the company has a sudden change in personnel or there is a problem that cannot be resolved by the end of the year, perhaps it will be a “difficult case” in your service accounting profession because it requires time and high concentration to process this data. Make sure the accounting software you use supports fast data processing and automatic reporting.

Should you do service accounting or not? Accounting work is now very necessary and indispensable in businesses, so this is a great opportunity for companies intending to open accounting services or even companies that have opened accounting services.

2. Tasks when providing accounting services

General tasks

Understanding accounting services is always a safe accounting activity for businesses. It is just that the company has hired a specialized accounting unit to do accounting work reliably and effectively. Therefore, the functions of the accounting departments are not significantly different.

• Recording and performing accounting transactions occurring during business operations. This work must detail the financial activities of the company’s costs, assets and operations. The accounting department is required to verify and track all changes in the company’s assets.
• In addition, the after-sales department needs to closely check and monitor the copper business in the business according to good standards so that the business achieves the highest profits and improves the quality of the business.
• Consulting on solutions to minimize and eliminate risks. At the same time, it is also necessary to support companies with accounting problems.

Daily Tasks:

• Track inventory based on incoming invoices in your account.
• Create receipts, process, track in and out of warehouse.
• Create sales invoices for customers.
• Verify customer information and look up company information based on MST.
• Create deposit slips with instant payment transactions. Create a receipt with collection.
• Create a list to track tax debts, outstanding amounts and outstanding amounts.
• Perform banking operations to receive and pay bank transactions such as UNC, checks, deposits, withdrawals, etc.
• Track detailed accounts receivable with suppliers and customers. Related costs, operating and production costs must be reflected promptly to determine operating efficiency as accurately as possible.

Quarterly Tasks:

• Prepare monthly, quarterly tax reports and invoices.
• Prepare comprehensive financial reports, balance between costs and benefits and submit to tax authorities and related departments.
• Receive bank slips, bank receipts.
• Determine corporate income tax and personal income tax

Year-end tasks:

• Print all ledgers: General ledger, detailed account books.
• Print detailed and summary reports on inventory, tools and allocations
• Arrange, classify and store neatly for easy storage and retrieval.
• Review accounting books and number them in the correct order to avoid confusion.

3. Requirements and criteria for choosing a full-package accounting service

To choose a reputable full-package accounting service company, businesses need to pay attention to the following requirements and criteria:

Suitability to the size of the company and the industry: Businesses should choose a fixed-price accounting service company that can meet the needs of their business scale and field. For example, large companies should choose an accounting service company with a team of experienced accountants who can handle a large amount of work. If the business operates in a specific field, it is necessary to choose an accounting service company with expertise in that field.

Composition and quality of the team of experts: Businesses should choose an accounting service company with a team of good, experienced and highly qualified staff. The team of experts must be able to advise and answer questions from businesses about accounting, taxes, and finance.

Commitment to ensure the accuracy and confidentiality of accounting information: Enterprises should choose an accounting service company that is committed to the confidentiality and accuracy of accounting information. The accounting information of the enterprise is an important asset and must be kept absolutely confidential. The accounting service company must have effective information security measures and must be responsible for any errors in the company’s accounting information.

In addition to the above requirements and criteria, enterprises should also pay attention to other factors such as price, implementation time, and support capabilities of the accounting service company. Enterprises should compare different accounting service companies to choose the company that provides the best service at a reasonable price.

4. Viet My – Vietnam’s leading accounting company

4.1 Content and scope of Viet My’s accounting services

The content and scope of the full accounting service package include the following tasks:

• Accounting: Recording economic transactions arising during business operations in accounting books.
• Financial status: Preparing financial statements according to the provisions of law, including summary reports, detailed reports and supplementary reports.
• Tax refund: Declare corporate taxes, including corporate income tax, personal income tax, value added tax, business license tax and other taxes.
• Tax regulations: Tax settlement for companies with tax authorities.
• Tax consulting: Consulting businesses on tax issues including tax regulations, tax calculation, tax payment and other issues related to the tax field.

4.2 Benefits of using accounting services of Viet My Company

Cost savings: Using outsourced accounting services helps customers save costs because they do not have to recruit accounting positions and pay salaries for accounting staff.

Professional: Outsourced accounting services are provided by experts with experience and high expertise in the field of finance and accounting, helping customers manage financial and accounting issues professionally and effectively.

Legal compliance: Using tax accounting services helps customers update and comply with the latest accounting and tax laws and related legal regulations such as enterprise law, investment law, enterprise law, social insurance law, etc., the most suitable law.

Improve work efficiency: Using outsourced accounting services helps improve customers’ work efficiency when tasks related to accounting, tax, and finance are performed professionally and effectively.

4.3 Accounting service process at Viet My

Assessment of needs: Customers are researching and assessing the need for a full accounting service

Contact when in need: Customers contact the outsourcing accounting service company for advice or to order services.

Transaction: The outsourcing accounting service provider and the customer conduct transactions related to decisions on service content, time and cost.

Service implementation: Our outsourcing accounting service staff will perform services according to the customer’s needs and the agreement between the parties.

Reporting and resolving complaints: We provide customers with reports on our accounting activities and respond to customer complaints.

Evaluate and improve our services: After completing our services, you and we will evaluate the effectiveness and quality of our services to help us improve our services in the future.

The article “Should I do service accounting” on VIET MY LAW AND ACCOUNTING provides basic information about service accounting, the benefits of using accounting services and the tasks you must perform in your service accounting activities. Follow us for the latest updates!