OUTSOURCING CHIEF ACCOUNTANT AND CHIEF FINANCIAL OFFICIER SERVICE

The necessity of Outsourcing Chief Accountant Service for Enterprises:

According to the provisions of Article 49 and Article 50 of the Law on Accounting, the enterprise and its legal representative must organize the accounting apparatus, appoint accountants or hire accounting services that meet all professional conditions. The legal representative must take responsibility under laws for the accounting work of the enterprise.

Criteria of a person appointed to be a chief accountant or in charge of accountant in accordance with Article 51 and Article 54 of the Law on Accounting include some of the following criteria:

  • Having professional ethics, honesty and independence …
  • Having accounting profession and at least 02 years of experience …
  • Having a chief accountant certificate as prescribed by the Ministry of Finance …

 

According to the above regulations, nowadays not all business owners understand and perform accounting work correctly. Therefore, the work of organizing the accounting system, appointing accountants to open and record accounting books, making accounting reports and tax reports are still limited. For example, the person appointed as a chief accountant does not meet the conditions prescribed in Article 54 of the Law on Accounting or the appointed person is weak in and lacks professional skills … which has led to the consequences of damage to the enterprise.

Such damages may include:  Being fined for violations of Law on Accountings, tax arrears, tax penalties or subject to criminal prosecution, etc. Especially, when the financial statements of enterprises are misleading or inaccurate, it will lead to wrong decisions of enterprises, which are the risks and causes of slow development of enterprises and even bankruptcy,… Business leaders are not only financially affected but can also face legal risks due to weak accounting and inexperience…

Therefore, the enterprise needs to appoint a chief accountant/accountant in charge with sufficient ethical and professional qualities and a chief accountant certificate as prescribed or may hire a qualified accounting service licensed by the Ministry of Finance according to Article 56 of the Law on Accounting.

 

Benefits of using Accounting Service of Trong Tin include the following:

Trong Tin is a reputable professional company licensed by the Ministry of Finance and is eligible to practice accounting services. Trong Tin is a reliable address of thousands of clients regarding accounting services. Businesses using Trong Tin Accounting Services have been guaranteed to comply with the provisions of law and at the same time, our accounting experts will check, supervise and provide accurate and timely financial information for the management decision. This information will be the basis to determine correct tax obligations to the State, includes the following benefits:

  • Being consulted and organized the accounting system to operate professionally, effectively and lawfully …
  • Ensuring accounting data and financial information are provided accurately and promptly;
  • Avoiding the consequences of changing accounting personnel who do not hand over or handover incompletely;
  • No need to pay Insurance, 13th month salary or bonus for new employee headcount;
  • Having a chief accountant or the accountant in charge of accounting who is professional and lawful so as to consult, supervise the enterprise operation effectively;
  • Limiting the penalties for accounting and taxes,…

 

Trong Tin’s accounting and taxation personnel services include the following:

  • Organizing the accounting personnel (assignment of responsibilities, job description of each accountant …);
  • Organizing the process of document rotation, document preparation, storage and preservation;
  • Organizing the accounting system, accounting accounts, accounting books and accounting reports;
  • Organizing and setting up financial regulations, payment, advance payment, salary, bonus, purchase and inventory policies, fixed assets, effective cost management, profit management and tax plan, business plan …
  • Checking the reasonableness, validity and legality of accounting works …
  • Checking detailed and general accounting data;
  • Checking and preparing accounting reports for corporate governance purposes;
  • Checking and preparing financial statements and tax reports as prescribed;
  • Signing and taking professional responsibility on the accounting reports as prescribed;
  • Working with independent auditors, tax authorities when needed;
  • Appointing a qualified professional Chief Financial Officer / Chief Accountant or Accountant in charge in accordance with regulations …

Please refer to the benefits of accounting services on FBNC channel, as follows: