The primary purpose of preparing financial statements is to present a clear picture of a company’s financial status over a specific period. These reports help evaluate business performance, support effective financial management, and provide timely insights, enabling stakeholders to assess the company’s financial health and make well-informed decisions.
What Needs to Be Done Before Preparing Financial Statements?
Financial statements are compiled from data gathered from accounting documents, accounts, and books, accurately reflecting a company’s economic events and transactions. Before preparing financial statements, it’s crucial to ensure the accuracy and completeness of your accounting data.
KMC’s Comprehensive Financial Statement Preparation Services
At KMC, we offer a monthly independent accounting review service that ensures your accounting books and related documents are thoroughly checked before financial statements are prepared. Our goal is to identify any material errors and make necessary adjustments, ensuring that your financial statements are accurate, compliant, and ready for submission.
Our services include:
Why Financial Statement Review Matters
A thorough review of financial statements helps accountants detect potential risks and errors in a company’s financial reports, allowing for timely corrections before tax declarations or audits. Accurate and truthful financial statements are essential for avoiding legal risks and ensuring compliance during audits and tax inspections.
Let KMC Support Your Business
With years of expertise in financial reporting and compliance, KMC ensures that your company’s financial statements are accurate, compliant, and prepared on time. We help you avoid future complications, allowing you to focus on what matters most—growing your business.
Accounting Advisory
KMC provide professional initial accounting and tax registration services, you shall not bother about issues related to tax and accounting after post license. Our team with high expertise and many years experiences will support and accompany you.
Taxation Advisory
Our tax services rely on our local knowledge to ensure tax compliance, tax administration and dealing with tax authorities. We assist you by taking into account the latest regulations thus ensuring full tax compliance and optimization.
Business Advisory
KMC believes in an approach to our client, as we familiarize ourselves with all aspects of your business and the environment in which you operate, it enables us to propose you the most appropriate plan at a competitive service fee.
Human Resources (HR) and Payroll Advisory
KMC’s service will help businesses fully comply with Vietnam’s regulations, optimize costs, and prevent risks in advance.
Mergers and Acquisitions (M&A) Advisory
Our global network in combination with our deep industry knowledge means that we can help companies identify other businesses that offer a good strategic fit and assist them with acquisitions, mergers and alliances that allow them to maintain and build their competitive advantage.
Transfer Pricing Advisory
Transfer pricing refers to the rules and methods for pricing transactions between related entities, typically within multinational companies. Currently, regulations on compliance of transfer pricing are very complexly and strictly.
Annual Consulting Services
KMC has the expertise with experienced resources, including lawyers, auditors, accountants who have many years of experiences working in the investment, accounting, taxation and labour consulting fields.
Other Services
Besides Accounting, Taxation, Business Services, etc. KMC also has efforts to provide other services to Clients related to business activities of the enterprises in Vietnam.
