Accounting services in Dong Thap Province

1. Introduction to PMH’s accounting services in Dong Thap Province

Accounting services are an outsourcing solution chosen by many businesses in Vietnam to handle all accounting tasks: from receiving documents, recording transactions, checking, and maintaining ledgers, to preparing financial statements and filing taxes on time. Compared to maintaining an in-house accounting department (incurring costs for salaries, insurance, and training), using a comprehensive service helps businesses optimize operating costs and obtain reliable financial data for informed business decisions.

When you choose a professional accounting service , the provider commits to complying with legal regulations, applying standard procedures according to current accounting standards, and ensuring transparent reporting. This is a suitable option for many: newly established businesses needing to standardize their books, startups wanting to focus on product development, SMEs needing to optimize costs, or FDI companies needing a partner knowledgeable about Vietnamese regulations.

A real-world example from a client: A small retail store in Ho Chi Minh City started using a full-service accounting firm after 12 months of operation. Internal surveys showed that the business reduced its accounting department costs by nearly 30% compared to when it hired its own staff, while tax and financial reports were submitted on time—allowing the business owner to confidently expand its sales channels. (Note: The figures are illustrative based on a client example; savings will vary for each business depending on size and specific operations.)

If you are considering using accounting services, let us help assess your current bookkeeping status and propose a suitable solution: small/medium/large packages or customized packages to meet your needs. Phu My Hung provides transparent service scope and costs based on the number of documents/month. Contact us for a free consultation and a specific quote — especially helpful for businesses in Dong Thap Province seeking effective financial management solutions.

2. Legal basis

The provision of accounting services in Vietnam is governed by a system of legal documents and guiding circulars. Understanding these regulations helps businesses feel confident when choosing an accounting service company , ensuring compliance with the law in all accounting, tax, and financial reporting-related activities.

Commonly referenced documents and guidelines include (see applicable and latest updates for reference):

The Accounting Law (2015) — the legal framework for accounting organization, books, and financial reporting for businesses; it needs to be reviewed for any amendments and guidance on application for each fiscal year.
Decree 174/2016/ND-CP (and its amendments) stipulates the conditions and scope of operation for services related to accounting, auditing, and tax consulting; when evaluating a service provider, request documentation proving their competence in accordance with this decree.
Circular 200/2014/TT-BTC and Circular 133/2016/TT-BTC provide guidance on accounting regulations applicable to different types of businesses; you need to check which circular applies to your type of business (e.g., small business, joint-stock company, administrative and public service unit).
The Law on Tax Administration (2019) and guiding documents — regulations on tax declaration, tax calculation (VAT, corporate income tax, personal income tax) and procedures for working with tax authorities; are very important when evaluating the tax declaration processing capacity of accounting service companies .

In addition to the above documents, there are many decrees, circulars, and decisions related to records, documents, and responsibilities between the service provider and the business. Therefore, when choosing an accounting service provider, you should request to see the following documents

see illustrative checklist:

The company’s business registration certificate;
Professional certifications/licenses (if any) of key personnel;
List of key personnel , experience in accounting/taxation, and client references (if any);
Sample service contract, SLA, and data privacy policy.

Summary of implications for businesses:

Ensure that accounting records, reports, and tax declarations comply with legal regulations;
Reduce the risk of penalties due to errors in documentation or late submission;
Clearly defining the responsibilities between the business and the supplier in the contract helps ensure transparency when issues arise.

Verification Note: Before signing a contract, businesses should request that the accounting service company provide certified copies of legal documents, personnel certificates, and client references . If necessary, a reputable firm will assist in updating the latest regulations related to tax and accounting to minimize operational risks.

3. Specific accounting tasks we perform

Accounting

Recording all economic transactions based on original documents and current accounting regulations (applying VAS or corresponding guidelines). Our accounting process includes: receiving documents, classifying them, recording in detail and summary ledgers, and controlling erroneous entries through cross-referencing. The result is accurate accounting records, ready for auditing and management reporting.

Document Verification

Reviewing the validity and legality of invoices, contracts, delivery receipts, and warehouse entry/exit slips. We check input/output VAT, verify deduction conditions, and promptly alert businesses to missing or invalid documents for correction. Clearly defined responsibilities: the service provider conducts the professional verification; the business is responsible for providing original documents and supplementary information.

Accounting record keeping

Establishing and maintaining a system of accounting records (journal, general ledger, accounts payable/receivable ledger, fixed asset ledger, etc.) in accordance with regulations. We ensure consistency between documents, ledgers, and end-of-period reports, standardizing account codes according to business needs for convenient management analysis and auditing.

Financial Reporting

We prepare periodic financial reports (quarterly, annually) according to applicable accounting standards (VAS or regulations applicable to the enterprise). The reports include: balance sheet, income statement, cash flow statement, and notes to the financial statements. Each report undergoes internal quality control by an experienced chief accountant before being submitted to the client.

Tax Filing and Reporting

We handle the filing and payment of all applicable taxes: VAT, Corporate Income Tax, Personal Income Tax, and related reports. We stay updated on the latest tax policies to propose the most effective and legal tax solutions, minimizing the risk of back taxes or administrative penalties. (Advanced tax consulting services are available upon request.)

Labor management – payroll – social insurance

Calculating salaries based on time sheets, creating and managing employee records, completing procedures for paying social insurance, health insurance, and unemployment insurance according to regulations. We standardize labor contracts, support insurance declaration and payment, helping businesses comply with labor regulations and avoid legal risks.

Financial management consulting

Providing analytical reports (profit margin by product/service, cash flow analysis, financial KPI reports) to support leadership in decision-making. We propose solutions to optimize costs, improve working capital efficiency, and develop tax plans aligned with the company’s growth strategy.

Checklist of essential documents you need to prepare (suggestions):

Type of document	Description / Notes
VAT invoices (input/output)	Specify the code number, date, seller/buyer; categorize by month.
Sales/Service Contract	Attach appendices and delivery/receipt records, if any.
Warehouse receipt/delivery note	Ensure that the quantity and value match the invoice.
Bank statement	Stamp/reconfirm related transactions.
Salary scale & employment contract	Attached is the appendix, monthly social insurance record.
Fixed asset depreciation certificate	Purchase invoices, acceptance reports, allocation appendices

4. Accounting service delivery process in Dong Thap Province

Consultation & Needs Assessment

Initially, we will discuss your needs in person (or via video call) to understand your business size , industry, volume of documents, and reporting requirements. Based on the survey results, we will propose a suitable service plan: small/medium/large package or customized package, along with a preliminary cost estimate . This initial consultation is usually free and helps clients understand the benefits of outsourcing their accounting services.

Signing the Service Contract

After agreeing on the scope, we draft a detailed contract including: service provision content , duration, price, SLA (seminar response time, reporting deadline), responsibilities of both parties, data confidentiality clauses, and handling of issues. A clear contract minimizes legal risks and helps establish a transparent workflow between Phu My Hung and the client.

Document Preparation & Receipt

Businesses hand over documents periodically (weekly/bi-weekly/monthly as agreed). We provide a detailed document checklist ( VAT invoices, contracts, warehouse receipts, bank statements, payrolls, etc.) and suggest secure transfer channels: uploading via a secure portal, encrypted email, or direct delivery with a receipt. The “handover” form ensures transparency in the handover process, reduces errors, and saves processing time for both parties.

Accounting Procedures

After receiving the documents, we proceed with accounting, bookkeeping, control, and reconciliation according to the following timeline: Week 1: Collection & Verification; Week 2: Accounting & Bookkeeping; End of Month/Quarter: Review & Tax Reporting; End of Quarter/Year: Financial Statement Preparation. During this process, the company commits to adhering to the agreed SLAs (e.g., responding to requests within 24–48 business hours) and updating the client on any additional information required.

Periodic Reporting & Management Consulting

We provide monthly/quarterly reports on results, analyzing key fluctuations and proposing solutions for improvement (optimizing legal tax compliance, improving cash flow, reducing inefficient costs). These reports form the basis for leadership strategic decision-making, and we can also provide financial KPI reports as requested by clients.

Support during tax audits and explanations to tax authorities

If your business is audited by the tax authorities, we will be there to assist: preparing documents, compiling summaries, supporting explanations, and (within the scope of the contract) participating directly with tax auditors. The scope, associated costs, and responsibilities will be clearly stated in the contract to avoid future disputes.

Additional note: Throughout the delivery process, Phu My Hung focuses on rapid coordination with clients—this is a key factor in ensuring report quality and minimizing additional costs. If requested by the client, we will prepare contract templates, detailed SLAs, and document checklists tailored to their specific industry to facilitate convenient handover procedures .

5. Benefits of using Phu My Hung’s accounting services

Cost Savings

— By choosing a comprehensive accounting service package, businesses no longer bear the burden of fixed costs such as salaries, insurance, and training for an in-house accounting department. Instead, you pay a package tailored to the number of documents and needs, optimizing monthly operating costs . According to our internal survey, many SME clients report savings of 20–40% compared to maintaining a separate accounting department (actual savings depend on the size and specifics of the business).

Ensuring expertise and quality of work

Phu My Hung’s team includes chief accountants, tax specialists, and certified personnel with many years of experience handling paperwork for businesses in various industries. Thanks to our internal control and cross-checking processes, we guarantee the quality of accounting records, minimizing errors and risks compared to less experienced internal staff.

Legal Compliance & Risk Reduction

Utilizing professional accounting services helps businesses stay up-to-date with tax and accounting regulations , thereby reducing the risk of administrative penalties or back taxes. Phu My Hung monitors legal changes, advises on procedures, and makes timely adjustments to protect client interests.

Accurate data — supporting decision-making

We provide periodic reporting and financial analysis services (profit margins by product/service, cash flow analysis, departmental costs, financial KPIs) to support leaders in making strategic decisions based on real data.

Information Security

Financial data is a vital asset. Phu My Hung is committed to protecting customer information through secure storage policies, restricted access, encryption during transmission, and NDA signing when necessary, giving businesses peace of mind when entrusting their entire accounting work to us.

Why choose Phu My Hung? We are the solution. We offer professional accounting services with a strong industry reputation , a team knowledgeable in tax and accounting, flexible service packages tailored to your needs, and a commitment to quality. If you wish, we are happy to provide customer testimonials , case studies , and real -world feedback to help you make an informed decision – or contact us today for a consultation and quote.

6. Suitable clients for PMH’s accounting services in Dong Thap Province.

Newly established businesses — If you’ve just registered your company, standardizing your accounting records from the start is crucial to avoid errors later. Using a full-service accounting service helps establish a compliant accounting system, complete initial procedures , and save founders time to focus on product and market development.
Small and Medium Enterprises (SMEs) — Many SMEs have limited resources and want to optimize operating costs . Flexible service packages based on the number of documents allow you to pay only for the work that is truly needed. This is a popular choice for SME clients who want to balance cost and quality accounting.
invested enterprises (FDI) – foreign companies operating in Vietnam – often require a service provider with expertise in local laws, language, and tax procedures. Professional accounting services help FDI businesses quickly adapt to the Vietnamese regulatory environment, ensuring compliance and reducing legal risks.
Businesses want to focus on their core business — If your goal is to expand your market and increase revenue, outsourcing your accounting services helps reduce daily administrative tasks so you can focus on your core operations. We handle the professional aspects so you can focus on running your business with peace of mind.

Suggested package selection based on scale (for reference):

Package	Number of documents/month	Suitable for
Small package	Under 50	Small-scale business households, retail stores
Medium pack	50 – 150	Small/SME companies with stable monthly transactions.
Large/Custom Package	Over 150 / As needed	Large businesses involved in manufacturing and trade have many issues that arise.

For example, an e-commerce company (50–120 transactions/month) is typically suited to a medium-sized package —including detailed accounting, accounts receivable management, monthly tax filing, and quarterly reporting; while a manufacturing plant with numerous inventory, fixed asset, and depreciation issues should choose a large or customized package to ensure comprehensive and specialized operations.

If you’re unsure which package is right for you, use our quick consultation tool or contact us for an on-site survey and a personalized package recommendation based on your industry and specific needs .

7. Risks and penalties for businesses failing to comply with accounting regulations.

Failure to comply with accounting, bookkeeping, and tax declaration regulations can lead to serious financial and legal risks: tax arrears, administrative fines, and even criminal prosecution in cases of intentional wrongdoing. Below is a table of common penalties according to current regulations (businesses should check official documents for updates). If specific legal advice is needed, you should request assistance from your service provider or tax lawyer for a case-by-case analysis.

Behavior	(Reference) penalty amount	Reference document
No accounting records were kept.	Approximately 20-30 million VND	(Refer to current decree)
Late submission of financial reports.	Approximately 10-20 million VND	(Refer to current decree)
No financial statements were prepared.	Approximately 40-50 million VND	(Refer to current decree)
Providing inaccurate data (already submitted)	The fine ranges from 40 to 60 million VND; serious cases may involve criminal prosecution.	(Refer to current decree)
Using services/accountants who are not qualified to practice.	Approximately 20-30 million VND	(Refer to the relevant decree)

Important note: The penalties in this table are for reference only and may change depending on the time, scale of violation, and updated legal documents. To mitigate risks, businesses should:

Use a reputable accounting service provider with proven capabilities and a list of client references;
Conduct periodic reviews of accounting records, maintain original documentation, and request internal control reports;
Request that the service provider update the regulations immediately when new ones are available and provide a summary of the relevant legal documents when needed.

Would you like to receive a summary of relevant legal documents (PDF for reference) or advice on specific risk mitigation strategies for your business? Contact us for expert support.

8. Price list for accounting services in Dong Thap Province (for reference)

The cost of comprehensive accounting services varies depending on the number of documents generated, the complexity of the operations, reporting requirements, and the frequency of delivery. Below is a reference table to help businesses visualize the basic packages . Note: the prices below are for reference only; for an accurate quote, please request an on-site survey.

Package	Number of documents/month	Reference price (VNĐ/month)	Additional services
Small package	Under 50	3,000,000 – 6,000,000	Basic accounting, monthly tax filing, simple reporting.
Medium pack	50 – 150	6,000,000 – 12,000,000	Detailed accounting, accounts receivable management, tax filing, quarterly reporting.
Large pack	Over 150	Over 12,000,000 (negotiable)	Complex accounting, standardized financial reporting, payroll and social insurance management, management consulting.
Custom Package	According to demand	Quotation based on survey	Extended services: internal audit, inspection support, in-depth tax consulting.

Factors affecting costs include : the number of documents, the nature of the industry (retail, manufacturing, services), specific reporting requirements, the frequency of document delivery, and the level of support during tax audits. For example, manufacturing businesses with many inventory and fixed asset transactions typically have higher costs than small trading businesses.

In short: outsourcing full- service accounting typically helps businesses save on fixed costs (salaries, insurance, training) and reduce reporting risks compared to maintaining an in-house accounting department. To find out which package is best for your business in Dong Thap Province, contact us for a free quote based on a site survey.

(Note: The prices above are for reference only. The final price will be quoted after a thorough assessment of the company’s documentation, processes, and reporting requirements.)

9. PMH’s commitment to accounting services in Dong Thap Province

Absolute compliance with the law — Phu My Hung is committed to performing all accounting, tax declaration, and reporting tasks in accordance with current legal regulations. When there are changes in tax policies or accounting regulations, we proactively update and notify businesses so they can promptly adjust their procedures and records.
Expert Team & Quality Commitment — Our team comprises chief accountants, tax specialists, and certified personnel with years of experience serving diverse businesses . Phu My Hung ensures quality through internal control processes, cross-checking, and clear reporting; clients can request documentation or resumes (CVs) of key personnel.
Information Security & Data Safety — Client financial data is protected by internal policies: secure storage, access control, encryption during transmission, and NDA signing when necessary. We are ready to present detailed security measures (technical and procedural) during contract negotiations.
Long-term partnership & clear responsibilities — Phu My Hung is committed to accompanying customers in the long term, providing support in case of inspections or arising issues. The service contract will clearly define the SLA (Spanish Service Level Agreement), scope of responsibility, and incident handling procedures; if the fault lies with the service provider due to professional error, we will be responsible for rectifying it as agreed (which may include compensation/corrective support depending on the contract terms).

10. Conclusion & CTA

Phu My Hung ‘s comprehensive accounting service is a practical solution for businesses looking to save costs , ensure legal compliance , and optimize financial management. With a team of experts and standardized processes, you’ll have accurate records, timely reports, and support for explanations when needed – allowing you to focus your resources on business development.

👉 Want to know which package is right for your business? We offer free consultation and quotes after an on-site survey. Contact us now to receive:

Detailed pricing by package (small / medium / large / custom package)
Quick assessment of current accounting practices and estimation of cost savings.
Providing advice on legal compliance and tax risk mitigation.

Contact Phu My Hung Tax Accounting Co., Ltd. via hotline: (Please enter your hotline number) or email: (Please enter your email address) . Or leave your information on the contact form — we will call you back within 24 business hours to schedule a free consultation and send you a document survey form so you can receive a quick quote.

11. The role of internal accounting in client businesses

smooth and efficient use of accounting services , most businesses still need to maintain at least one in-house employee as a liaison—this could be an in-house accountant or an administrative staff member responsible for finance. This person helps coordinate the transfer of documents, handle unforeseen situations, and ensure seamless communication between the business and the service provider.

Providing documents, invoices, and contracts — The intermediary prepares and delivers documents according to a checklist (VAT invoices, warehouse receipts, contracts, delivery and receipt records, bank statements, etc.). Complete preparation ensures accurate and timely accounting transactions.
Coordinate cash flow, expenses, and account management — The liaison updates income/expense information, manages cash funds, and contacts banks when statements are needed, helping service providers reconcile balances and accurately reflect them in the books.
Special Notices — Events such as borrowing, investing, signing large contracts, and asset liquidation need to be reported immediately to the service provider for timely recording and processing of taxes and depreciation in accordance with procedures and regulations.
Maintain communication with management — Internal personnel communicate review and approval requests for financial documents and information to management to ensure major transactions are approved in a timely manner.
Maintaining original records at the business — Although electronic records are sent to the service provider, businesses are required to retain hard copies of the originals for easy access during tax audits. Internal personnel are responsible for safekeeping and providing them when needed.

Suggested job description (JD) template for a bridging position:

Position: Financial Administrative Staff / Internal Accountant (Bridge System)
Main responsibilities: Prepare documents according to checklist, upload/handover documents to suppliers, coordinate balance reconciliation, assist in obtaining bank statements, and archive original records.
Requirements: Proficient in basic administrative/accounting skills, meticulous, skilled in office computer applications, preference given to candidates familiar with accounting procedures and with experience coordinating with accounting service providers .
Suggested handover schedule: Weekly/Bi-weekly/Monthly as agreed; it’s advisable to fix the date and time to establish a routine and ensure progress.

12. FAQ – Frequently Asked Questions

How is accounting service different from chief accountant service?

Accounting services typically handle all operational tasks: bookkeeping, record keeping, and tax filing under contract. Meanwhile, a “chief accountant” service provides a person with the professional title who is responsible for expert accounting, signs off on reports, and holds a higher level of legal accountability. If a business needs both a team to perform the tasks and a person to sign off on reports as required by regulations, a combined package can be chosen: accounting services + chief accountant (report signing).

Is it mandatory for newly established companies to hire an accountant?

According to accounting regulations (e.g., the Accounting Law and its guiding documents), businesses are responsible for organizing appropriate accounting practices. If a business does not yet have internal accounting personnel, using a full-service accounting firm is a legal and convenient solution to start operations while ensuring compliance with reporting and tax declaration procedures .

How are accounting service fees calculated?

Fees are typically calculated based on the number of documents per month (small, medium, or large packages) or on a customized basis (customized packages). Factors affecting service fees include: the number of documents, the complexity of the business, specific reporting requirements, the frequency of document delivery, and the scope of support during tax audits. Phu My Hung always conducts on-site surveys before providing quotes to ensure transparency and fairness.

If audited by the tax authorities, will the accounting service provide support?

Yes. Most full-service accounting contracts include support in providing documentation and advice when a business is subject to a tax audit. The scope of support (document preparation, participation in explanations, representation) will be clearly stated in the contract to avoid disputes regarding costs and responsibilities.

Is it possible to switch from in-house accounting to outsourced accounting services?

Absolutely. The conversion process typically includes: receiving existing records, reviewing and standardizing data, identifying issues requiring correction, proposing solutions, and implementing accounting according to the new process. We will report the results of the review and any resulting costs (if any) before implementation for the client’s decision.

What is the service fee for a single-member limited liability company with 50 documents per month?

As a typical example for SME clients , a single-member limited liability company with approximately 50 documents per month is usually suitable for the medium package . The estimated price can range from VND 6,000,000 to VND 12,000,000 per month (depending on complexity). For an accurate figure, we recommend a site survey.

What is the legally mandated retention period for documents?

The retention period for accounting documents is specifically stipulated in legal documents (depending on the type of document and industry). For accuracy, businesses should check the current guidelines or request detailed advice from their accounting service company, including references to relevant legal documents.

I still have a question — how can I get a quick answer?

If your question isn’t covered in our FAQ, contact us for a free consultation. We offer quick responses via hotline or email—convenient for businesses needing immediate solutions.

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