Accounting services - Contact us !!    !!                              Home !!

Accounting services are package full services related to the accounting of the business. We will provide a professional accountant with over 15 years of experience to handle and take care of your business. FAVN have responsible deal with consultants and guiding the company to perform and compline the law and accounting standards in Viet Nam. Besides, we will set up your business with one good accounting system for running smoothly. 

Bookkeeping & Accounting

• Design the Company’s accounting policy, valuation methods, and ledger accounts

• Maintain the sales and purchase ledger on behalf of the Company

• Monthly keeping of accounting registers according to the International Financial Reporting Standards (IFRS) and the National Accounting Standards (NAS)

• Daily accounting check-up

• Monitoring and control of cash flows

• Ensure that all invoices are stored securely and kept for at least the mandatory period

Fixed assets

• Maintain asset register (maintaining individual records per item)

• Ensure that items are capitalized in line with local law

• Ensure that depreciation is applied correctly

 Payroll Services

Statutory reporting

• Preparation and submission of the Official Annual financial reports, report forms and filling in of tax returns in accordance with IFRS, VAS and Vietnam tax legislation

• Consolidated reporting services

• Accounting reconciliation

• Ensure that accounts are produced in accordance with IFRS and NAS

• Present all documents (with associated calculations and explanations) to auditors as and when required and produce audit papers.

• Produce any statistical reports as required by local law

Additional included services

• Registered address

• Tax advisory

• Financial advisory

• HR and payroll advisory

• Full representation in front of all government institutions

VAT

• Compulsory VAT registration

• Optional VAT registration

• Preparation and submission of VAT returns to the relevant tax offices on a monthly basis

• VAT refunds

Tax Filing

• Prepare and file all regular tax reports (VAT, Corporate tax, Personal income tax, Local tax, and all other tax declarations as required by local law)

• File modifications to the company set up with the local tax authorities as appropriate

• Ensure that Company is informed of all payable taxes and informed when there are any changes to local law

• Represent the Company at all tax authorities, as and when requested by those authorities

• Preparation of the necessary tax statistical reports

• Preparation of all year-end tax declarations

• Tax administration representation

Payroll accounting

• Provide payroll accounting for the Company’s employees and maintain individual payroll data

• Provide payroll accounting for any temporary employees of the Company

• Prepare reports to the local authorities as required by local law

• Act as the point of contact with authorities and represent the Company

• Prepare data and statistical reports according to local law

• Produce payroll calculations for input into the Company’s accounts

• Calculate the tax and social and health insurances to be paid

Maintenance of employee records

• Maintain full records of all employees on the payroll

• Maintain records of all temporary employees

• Ensure that records are kept up to date for all employees joining and leaving the payroll

• Ensure that records are stored securely and kept for at least the mandatory period

Labour administration

• Prepare documents for joining and leaving employees

• Summarise work hours on the basis of maintaining an attendance register

• Record holidays and permissions for holidays

• Record sickness absences

• Ensure that Company is kept up to date with changes to employment laws

• Prepare data reports to local authorities on sick leave, pension contributions etc.

• Produce compulsory information to be given to employees

Banking

• Manage bank transactions (and associated statement reconciliations)

• Manage petty cash book (and associated reconciliations)

• Monitoring, preparation and submission of payment documents for the funds of social and health insurance, income tax, other taxes and charges and company expenses;

• Act as second signatory on all bank transactions (if needed)

 International Management Reporting Services

• Preparation of required financial management reports on monthly, weekly or daily bases for the Headquarters and Owners in relation to the financial status of the Company

• Ensure that accruals and prepayments are accounted correctly.

• Ensure that the management reports are sent on time to the central management

• Prepare a comparison of the Company’s actual performance compared to Annual Plan

• Production of ad hoc reports when required