Business process solution and outsourcing services

Building a stable and competent accounting system is one of the most important issues that any business needs to pay attention to to ensure the overall system is operated effectively, however in practice. , the accounting work of enterprises is not always well implemented, leading to many consequences such as:   

• Failure to ensure compliance with the accounting bookkeeping system as prescribed, leading to risks of tax penalties and tax arrears;

• Accounting data does not accurately reflect the situation of production and business activities, especially in important items such as revenue, cost of goods, receivables, payables, inventory, etc., leading to many limitations in accounting. management as well as difficulties in financial planning for the future.

This situation is mainly due to a number of main reasons as follows:

• Enterprises only focus on business goals, the accounting apparatus is not properly built, leading to a lack of processes and human resources to perform the right functions;

• Using a separate accounting system for administrative purposes only, not complying with the provisions of the Vietnamese accounting standards system (VAS), leading to compliance risks;

• The capacity of accounting personnel does not match the requirements of the enterprise, or the personnel in charge change a lot, leading to difficulties in understanding and effectively implementing the accounting work of the enterprise.

Understanding the above issues, with the experience of one of the leading auditing and consulting firms in the market, RSM is always ready to support businesses in effectively implementing accounting work, in order to ensure the compliance as well as governance requirements, with the highest standards of information security.