VAS Accounting and Bookkeeping Agency

Service Scope:

• Set up accounting system under Vietnam Accounting Standards (VAS)

• Maintain daily bookkeeping for sales, purchases, expenses, payroll, fixed assets, inventory, bank transactions, FX differences, capital and related-party transactions

• Review e-invoices, contracts, payment vouchers, customs declarations, delivery notes and service acceptance documents

• Reconcile operating accounts, DICA, foreign loan accounts and cash balances

• Set up cost accounting for manufacturing, trading, e-commerce, service and EPE companies

• Prepare monthly management reports: balance sheet, income statement, cash flow, AR/AP, inventory, tax and expense analysis

• Convert VAS reports into China HQ or group reporting format

• Maintain accounting files, tax filings, audit working papers and bank records

Process:

1. Collect company licenses, tax information, bank accounts, contracts and historical accounting data.

2. Set up VAS chart of accounts, voucher templates and monthly closing schedule.

3. Collect invoices, contracts, bank statements, payroll, inventory and customs documents monthly.

4. Review vouchers, post accounting entries and reconcile banks/receivables/payables.

5. Prepare monthly financial reports and tax filing data.

6. Confirm adjustments with China HQ or management.

7. Maintain accounting archive and electronic document library.

8. Support year-end audit, CIT finalization and profit distribution.