Financial reporting services for businesses

S4B Vietnam is a unit specializing in providing year-end financial reporting services, cleaning and completing the accounting books of enterprises. Ensuring accurate and confidential reporting data, printing accounting books and delivering them to customers. Financial reporting services will help businesses complete all accounting books and year-end financial reports on time and not be fined for late submission of financial reports.

1. Year-end financial reporting services at S4B Vietnam

The full financial reporting service at S4B Vietnam is a service specializing in performing tasks related to business financial reports. When using our services, customers will not have to worry about performing financial reports, specifically reviewing accounting books, financial reports, tax reports and other reports.

S4B Vietnam will help businesses perform reports professionally and ensure accuracy. The full financial reporting service will include the necessary financial reports such as:

  • Completing accounting books;
  • Personal income tax (PIT) settlement;
  • Corporate income tax (CIT) settlement;
  • Year-end financial reports to tax authorities.

Our financial reporting service will ensure accuracy and transparency in every number, in compliance with the law. With the strength of a team of professional accountants – tax experts, with extensive experience and extensive knowledge in the field of accounting and financial reporting. S4B Vietnam promptly updates the latest tax accounting regulations in 2024, ensuring that the work is performed correctly and fully according to the requirements of tax authorities.

Preparation of Financial Business Statements 2024

2. What do customers need to provide when making financial statements (BCTC)?

When using S4B Vietnam’s year-end financial reporting service, customers need to provide some of the following information and documents:

  • Digital signature device and password to log in to the enterprise’s electronic tax declaration account;
  • Input and output VAT invoices and purchase and sale invoices arising during the year;
  • Bank account statement of the enterprise in the year of making the financial statement;
  • Remaining balance in the accounting accounts of the year before reporting (except for the case of a newly established enterprise in the current year);
  • Monthly salary sheet of employees along with the ID card number and name of each employee in the company;
  • Social insurance payment documents for employees (if any).
  • Providing complete and accurate information will help S4B Vietnam make the year-end financial statements smoothly and effectively.

3. Benefits of hiring S4B Vietnam for year-end financial reporting

When businesses trust S4B Vietnam and hire S4B Vietnam to do year-end financial reporting, businesses will have all records and books checked and reviewed before submitting financial reports, including:

  • Checking monthly/quarterly tax reports to see if they have been done correctly;
  • Checking whether the balance of deposit account 112 matches the bank account statement;
  • Checking receivables and payables;
  • Checking whether the balance of tax accounts 1331; 3331 matches the year-end VAT declaration;
  • Checking the balance of accounts 152; 157 to see if they match the inventory table;
  • Checking whether the balance of accounts 214; 211; 242 matches the allocation and depreciation table of fixed assets;
  • Provisioning for bad debts, inventories, etc. (if any).

Because of the above benefits, businesses should consider choosing to use financial reporting services at S4B Vietnam

4. Deadline for submitting financial statements at the end of 2023

The financial statements of the previous year will be submitted no later than the 90th day after the end of the calendar year and the fiscal year. Thus, the financial statements at the end of 2024 will be submitted before March 31, 2025.
Year-end financial statements include: Balance sheet; income statement; cash flow statement; balance sheet and notes to the financial statements.

5. What is the penalty for late submission of financial statements?

The penalty for late submission of financial statements of enterprises will vary depending on each specific case and the length of the delay. For late submission of less than 3 months, the penalty will be from VND 5,000,000 to VND 10,000,000; if the delay is from 3 months or more, the penalty will be from VND 10,000,000 to VND 20,000,000.

6. Why should small and medium-sized enterprises hire financial reporting services?

For small and medium-sized enterprises, especially when newly established, hiring financial reporting services brings many benefits to the enterprise, including:

  • Saving a lot of costs compared to recruiting and training personnel for the company’s accounting department;
  • Supporting in solving problems arising during the working process;
  • Replacing enterprises to explain data to tax authorities;
  • Providing tax reports, data, profit and loss figures accurately, promptly and quickly.

S4B Vietnam is proud to be a reputable financial reporting service provider in Vietnam, helping businesses optimize profits and save costs. If you need to use the service or need further advice on financial reporting, please contact us directly via hotline + 84 24 3974 4181.

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S4B Vietnam

  • Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
  • Tel: + 84 24 3974 4181
  • Email: service@s4b.com.vn

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