FINANCIAL REPORTING SERVICES

Phuong Uyen Vietnam Company specializes in providing financial reporting services, helping enterprises across all types and sizes to streamline their accounting systems for seamless settlement while reducing costs and minimizing potential risks.

I. PROCESS OF PREPARING FINANCIAL STATEMENTS BY PHUONG UYEN

Initially, Phuong Uyen will align accounting records with the client and provide tax and accounting consultations to ensure the enterprise fully understands its current situation. Subsequently, the comprehensive financial statements will be prepared through the following steps:

1. Document Review and Reconciliation

• Review, examine, and reconcile monthly tax declarations against source documents (e.g., input/output invoices), ensuring the legitimacy and compliance of such documents.

• Correct errors immediately in cases of counterfeit or invalid invoices, fraudulent declarations, or other mistakes. Handle invoice backlogs to avoid fines or tax recoveries.

• Organize, categorize, and complete all documentation before compiling books (detailed and general ledgers, allocation schedules, etc.) and financial statements.

2. Supplementing and Completing Documentation

• Finalize required forms, templates, and records to validate the enterprise’s revenue and expenditures, including receipts, payments, and inventory entries/exits.

• Notify the business promptly about key matters such as cash funds, bank balances, inventories, debts, and expenses.

• Advise on tax policies, accounting standards, and regulatory penalties for non-compliance to ensure the enterprise remains well-informed.

• Identify unresolved accounting or financial issues from the past year and propose suitable solutions.

3. Profit-Loss Balancing and Risk Management Consultation

• Balance revenues and expenses.

• Reconcile various tax categories (VAT, CIT, PIT).

• Ensure alignment of goods, costs, and profits.

• Manage cash flow effectively for the enterprise.

4. Finalizing Data and Preparing Complete Financial Statements

• Comprehensive financial reports.

• Corporate Income Tax (CIT) settlement.

• Personal Income Tax (PIT) settlement.

5. Printing and Transferring Records and Documentation to the Enterprise

II. BENEFITS OF USING PHUONG UYEN’S FINANCIAL REPORTING SERVICES

• Save 80% on accounting personnel costs.

• Reduce 90% of time and 70% of expenses during tax settlements.

• Act on behalf of the enterprise to handle inquiries with tax authorities, social insurance, and auditors.

• Ensure full legal compliance and assume accountability for enterprise requirements.

• High-level expertise ensures the highest benefits for the enterprise.

• Fully accountable for any accounting discrepancies leading to financial loss for the enterprise.

• Provide advisory services on the latest updates and issues related to accounting, tax laws, and business documentation.

With years of expertise in financial reporting, Phuong Uyen confidently addresses every challenge or concern your company may face.

Contact Phuong Uyen today for detailed consultations!