Outsourced accounting & Payroll – social insurance

Outsourced accounting takes over all or part of bookkeeping, financial statement preparation and the handling of invoices and supporting documents under Vietnamese Accounting Standards (VAS), allowing enterprises — particularly SMEs, newly established companies and branches of foreign groups — to maintain transparent books without the cost of an in-house accounting department. It comes with payroll services and the calculation of social, health and unemployment insurance contributions at the correct rates and on the correct contribution base under the current Law on Social Insurance, together with year-end personal income tax finalisation for employees — reducing the risk of errors, late filing and administrative penalties.

• Monthly bookkeeping under VAS; reconciliation of receivables and payables, bank and inventory balances
• Preparation and filing of annual financial statements and periodic tax returns
• Processing of input and output e-invoices; verification of the validity of supporting documents
• Monthly payroll, allowances and personal income tax withholding for employees
• Registration of headcount increases and decreases; calculation of social, health and unemployment insurance contributions
• Preparation and electronic filing of insurance records; monitoring of sickness and maternity benefits
• Year-end personal income tax finalisation for employees
• Updates on changes to payroll and insurance policy under new regulations