Services Preparation of Financial Statements 2025
Monthly, quarterly and year-end financial reports are mandatory documents that businesses must submit to the tax authority. So what does a financial report include, how is it prepared, what is the deadline and what should be noted when preparing it? Let’s explore with S4B Vietnam the detailed answer about this set of reports for businesses through the following content!
1. What is a financial report?
A financial report (abbreviated as BCTC) is a set of documents containing information and the business and economic situation of a business, recorded by the accounting department.
This set of reports is applied to all companies operating in Vietnam, in accordance with the provisions of law. Businesses are obliged to prepare and submit this report on time and accurately according to regulations.
According to Clause 3, Article 29 of the 2015 Accounting Law, the deadline for submitting financial statements is within 3 months, no later than 90 days, from the end of each accounting period as prescribed by law.
In some special cases: separation, merger, consolidation, conversion of ownership form, dissolution, termination of operations, … financial statements must be submitted no later than the 45th day from the date of the decision to authorize implementation according to Official Dispatch 4132/TCT-CS.
2. What does a financial statement include?
A standard set of year-end financial statements includes a tax settlement declaration (for businesses and individuals), a balance sheet, a business performance report, a cash flow report and notes to the financial statements. Each part of the table has its own characteristics but all require honest and accurate presentation.
2.1 Balance sheet
The balance sheet consists of 2 main parts: capital and assets. This table lists specific information about assets, investments, receivables, payables, equity, undistributed profits and funds at a certain point in time by day at the end of the month, quarter or year.
When established, the value of total assets is equal to the total capital. This information is updated accurately with the actual situation of the enterprise.
The balance sheet reflects the capital and assets of the enterprise
2.2 Business performance report
The business performance report includes: revenue, expenses, taxes and profits. All items related to sales performance are recorded in this table. Revenue and expenses arising during the business operation are also listed in the table to calculate profits and taxes.
This is the basis for calculating the amount of tax to be paid during the period of the enterprise. Therefore, enterprises pay close attention to this table.
2.3 Cash flow statement
The cash flow statement shows the cash flow of the enterprise during the reporting period. Enterprises need to report the cash inflow and outflow for the purposes of business, investment and finance.
For a company, this is a report showing the financial “health” status. Is the enterprise still able to pay? How is the cash usage situation and the ability to meet spending needs? Many enterprises have high revenue but poor cash flow due to customers’ unpaid debts. Too many unrecoverable debts can cause great difficulties for enterprises in regulating capital sources and increase provision costs. These things affect investment plans for short-term and long-term items.
2.4 Financial statement explanations
To help tax authorities understand clearly and in detail the above report contents, the financial statement set cannot lack financial statement explanations. Here, the accountant will present the applied accounting policies, the indicators in the summary report, etc.
Through this information, the state will grasp the actual business situation of the enterprise. At the same time, the company manager will also grasp the actual production and business situation and propose a more suitable development direction in the next stage.
Preparation of Financial Business Statements 2025
3. 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 2025, ensuring that the work is performed correctly and fully according to the requirements of tax authorities.
If you need to use the service or need further advice on financial reporting, please contact us directly via hotline + 84 24 3974 4181.
>>>Read more: Instructions for Submitting 2024 Tax declaration payment
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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