Bookkeeping & Financial Reporting
VAS-Compliant Records for FDI Enterprises
Accurate, audit-ready financial records maintained under Vietnamese Accounting Standards (VAS). Our licensed CPAs handle your general ledger, bank reconciliations, and monthly management reports — delivered in both English and Vietnamese so your headquarters always has clear visibility.
#157/KDKET
MOF Licensed
3,000+
Monthly Reports Delivered
200+
FDI Clients
Why FDI Enterprises Need Local Bookkeeping Expertise
Vietnam follows its own accounting framework — Vietnamese Accounting Standards (VAS) — which differs significantly from IFRS, US GAAP, and other international standards. The chart of accounts, revenue recognition rules, and reporting formats are all locally prescribed by the Ministry of Finance. Getting these wrong doesn't just cause audit failures — it can trigger tax reassessments and fines.
For foreign-invested enterprises, the complexity multiplies. You need to maintain records in Vietnamese Dong, comply with e-invoicing regulations (Decree 123), manage foreign currency transactions under Circular 200, and produce financial statements that satisfy both Vietnamese regulators and your parent company's headquarters.
Our bookkeeping service bridges this gap. We maintain your general ledger under VAS while simultaneously delivering management reports in the format your headquarters expects — whether that's IFRS-aligned, US GAAP-mapped, or a custom management reporting package.
checklist What We Handle
- check_circle Full general ledger maintenance under Vietnamese Accounting Standards (VAS)
- check_circle Monthly bank reconciliation and cash flow tracking
- check_circle Bilingual financial reports (English & Vietnamese) for headquarters and local authorities
- check_circle E-invoicing processing and compliance under Decree 123/2020
- check_circle Foreign currency transaction management per Circular 200/2014
- check_circle Fixed asset register maintenance and depreciation schedules
- check_circle Monthly, quarterly, and annual financial statement preparation
- check_circle Accounts payable and accounts receivable management
- check_circle Intercompany transaction reconciliation for multi-entity structures
How We Handle Your Registration
Books Health Check
We review your current financial records, identify gaps, and assess your chart of accounts against VAS requirements. If you're a new entity, we set up everything from scratch.
System Setup & Chart of Accounts
Configure your accounting software with a VAS-compliant chart of accounts, establish coding structures, and set up e-invoicing integration under Decree 123.
Monthly Processing Cycle
Our team processes your transactions, posts journal entries, reconciles bank accounts, and prepares your monthly closing entries — all within agreed-upon deadlines.
Management Reporting
You receive bilingual management reports by the 15th of the following month — including P&L, Balance Sheet, Cash Flow, and any custom KPIs your headquarters requires.
Year-End Close & Audit Prep
Complete year-end closing, prepare statutory financial statements, and coordinate all documentation required for your annual statutory audit.
What You'll Receive
Daily & Monthly Operations
- check General ledger posting and maintenance
- check Bank reconciliation (all accounts)
- check Accounts payable processing
- check Accounts receivable tracking
- check E-invoice issuance and processing
- check Petty cash management
Financial Statements
- check Monthly management reports (EN & VI)
- check Quarterly financial statements
- check Annual statutory financial statements
- check Balance Sheet, P&L, Cash Flow Statement
- check Notes to Financial Statements
- check Custom HQ reporting packages
Compliance & Controls
- check VAS chart of accounts maintenance
- check Fixed asset register & depreciation
- check Foreign currency revaluation
- check Intercompany reconciliation
- check Audit preparation and document pack
- check Regulatory update advisories
"Clean books aren't just about compliance — they're your early warning system. When your ledger is accurate and up-to-date, you catch cash flow problems before they become crises, spot tax optimization opportunities before deadlines pass, and walk into audits with confidence instead of anxiety."
David Nguyen
Partner & Director
CPA License #3868 — Ministry of Finance, Vietnam · 14+ years in audit, tax, and FDI consulting. Specialist in manufacturing FDI and complex multi-entity accounting structures.
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Licensed CPA appointed as your statutory Chief Accountant
Learn More arrow_forwardTax Compliance
Monthly, quarterly, and annual tax filings
Learn More arrow_forwardStatutory Audit Support
Year-end preparation and auditor coordination
Learn More arrow_forwardFrequently Asked Questions
Vietnam uses Vietnamese Accounting Standards (VAS), a locally developed framework issued by the Ministry of Finance. While VAS shares some concepts with IFRS, there are significant differences in areas like revenue recognition, lease accounting, and financial instrument classification. All enterprises operating in Vietnam must maintain their books under VAS.
Yes. While your statutory books are maintained under VAS, we deliver management reporting packages in the format your headquarters requires — whether that's IFRS-aligned, US GAAP-mapped, or a custom template. Reports are always delivered bilingually in English and Vietnamese.
Vietnam mandates electronic invoices under Decree 123/2020. We handle the full e-invoicing cycle: issuance, transmission to the General Department of Taxation, and integration with your accounting records. We work with all major e-invoicing providers in Vietnam.
We work with MOF-approved accounting platforms including MISA, AccNet, and Fast Accounting. The choice depends on your business size, complexity, and headquarters' requirements. For multi-entity operations, we can also integrate with international ERP systems.
Standard turnaround is by the 15th of the following month. For clients who need faster reporting (e.g., listed parent companies), we offer an accelerated cycle with reports delivered by the 10th. Turnaround depends on timely receipt of source documents from your side.
When tax authorities inspect your books, our team handles the full preparation: organizing documentation, coordinating with your Chief Accountant, and assisting during the inspection itself. Well-maintained books significantly reduce the risk and duration of inspections.
Not sure where to begin?
Ready to Get Your Books in Order?
Our licensed CPAs will set up and maintain your VAS-compliant general ledger — so your books are always audit-ready and your headquarters always informed.
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