KMC – Specialized Accounting Services for Foreign Direct Investment (FDI) Enterprises!

At KMC, we offer professional accounting services designed specifically for FDI enterprises operating in Vietnam. Our team of experts possesses in-depth knowledge of local regulations, international accounting standards, and the unique challenges associated with global investments, ensuring compliance and seamless financial operations for your business.

Initial Accounting Tax Registration or Initial Accounting Tax Declaration is a vital process that every business must complete shortly after establishment. This foundational step establishes the accounting standards and principles that will guide your company throughout its operations.

At KMC, we specialize in providing professional initial accounting and tax registration services, ensuring that your business remains compliant without the stress of navigating complex tax regulations. Our experienced team will offer full support, allowing you to focus on growing your business.

Our Comprehensive Initial Accounting and Tax Services Include:

  • Consultation on Necessary Documents and Procedures: We provide expert advice on the required documentation and steps for registering your initial accounting and tax systems.

  • License Tax Declaration: Our team will help register the appropriate depreciation method for your fixed assets, ensuring that your accounting records are accurate and compliant.

  • Recording all transactions in accounting books or software according to the chart of accounts, in compliance with the Vietnamese Accounting Standards (VAS) in both English and Vietnamese.

  • Accounting System, Fiscal Year, and Currency Registration: We handle the registration of your accounting system, fiscal year, and accounting currency to streamline your financial operations.

  • VAT Calculation Method Registration: We support businesses in selecting and registering the most suitable VAT calculation method for efficient tax management.

  • Guidance on Online Tax Declaration (Including Token and Account Setup): We guide you through the process of declaring taxes online, including setting up necessary tokens and accounts for secure and efficient transactions.

  • E-Invoice Registration Assistance: We provide guidance on registering and using e-invoices, a critical component in today’s digital economy.

  • Bank Account Number Submission to the Department of Planning and Investment: We assist in submitting your company’s bank account details to the relevant authorities, ensuring full compliance with regulatory requirements.

Why Choose KMC for Initial Accounting and Tax Registration?

By choosing KMC, you can rest assured that your business complies with all legal requirements from the very start. Our services are designed to save you time, reduce risk, and streamline your accounting and tax processes.

If you require further information or assistance with initial tax declaration or other legal services, contact KMC’s expert team today.

The accounting department plays a crucial role in any business, ensuring the stability of the financial system, building a solid foundation, and driving long-term growth. Whether you are a newly established business looking to set up a productive and stable accounting system or an established company needing to restructure and optimize your department, creating an effective accounting system is essential.

At KMC, we understand that all operational entities must establish accounting and tax systems to comply with local regulations and meet the needs of internal management and investors. Our team can help set up an initial accounting system that serves as the foundation for smooth business operations and effective management.

Our Comprehensive Accounting Setup Services Include:

  • Understanding Your Reporting Requirements We analyze your company’s reporting needs, templates, systems, and software to ensure that your accounting setup aligns with your business’s unique requirements.​
  • Designing a Proper Chart of Accounts and Reports We design a suitable chart of accounts and accounting reports in an appropriate accounting software that adheres to Vietnamese Accounting Standards (VAS) and meets your specific needs.compliant.​
  • Advising on Tax Reporting Obligations We provide guidance on the necessary tax reporting obligations in compliance with local regulations, ensuring that your business stays fully compliant.​
  • Responding to Accounting System Queries Our team is available to answer any questions your company may have regarding the setup and optimization of your accounting system.​

Why is Setting Up a Professional Accounting System Important?

Establishing a professional and rigorous accounting system from the start is a key factor in ensuring smooth operations and achieving your company’s strategic objectives. At KMC, our team of experts, with nearly 20 years of experience in accounting and taxation, is well-versed in Vietnam’s regulations and policies. We offer tailored consultation and system implementation to meet your business needs.

We guarantee timely, precise, and confidential service, helping your accounting system run efficiently and supporting the growth and success of your business.

The preparation of monthly financial statements is crucial for maintaining robust financial management in any business. Regular financial reports offer a clear snapshot of your company’s financial health, helping managers track key indicators such as revenue, expenses, profit, and other essential financial metrics.

Key Benefits of Monthly Financial Statements

  • Monitoring and Analyzing Financial Performance Monthly financial statements enable businesses to identify early financial issues and evaluate operational efficiency. By analyzing these reports, companies can make timely strategic adjustments to enhance performance and minimize risks.​
  • Accurate Forecasting and Planning Up-to-date financial information allows businesses to forecast future financial trends, prepare budgets, and allocate resources optimally, supporting long-term growth.​
  • Ensuring Compliance and TransparencyRegular financial reporting ensures your business complies with accounting and legal regulations while improving transparency for stakeholders, including shareholders and investors.​
  • Effective Risk Management By consistently monitoring financial indicators, businesses can detect potential risks early and implement preventive measures to mitigate adverse impacts.​

Comprehensive Monthly Accounting Services by KMC

At KMC, we understand the importance of maintaining accurate financial records and leveraging financial data for decision-making. With years of experience in finance, we provide a complete accounting service that helps businesses optimize their financial management, reduce costs, and enhance operational efficiency.

Our monthly accounting services include:

  • Receiving client requests on a quarterly or monthly basis.
  • Preparing legal entity documentation with tax authorities, social insurance, statistics, and other government bodies.
  • Processing notification procedures for invoice issuance.
  • Receiving invoices, documents, and books (including historical data if applicable) from clients.
  • Preparing and submitting quarterly or monthly tax declarations, such as VAT, personal income tax (PIT), and withholding tax.
  • Preparing and submitting quarterly provisional corporate income tax (CIT) reports.
  • Compiling and completing accounting books.
  • Preparing monthly or quarterly financial statements.
  • Preparing annual finalization reports for PIT and CIT.
  • Printing and organizing accounting documents and books.
  • Organizing document storage or handing over to clients.

Why Choose KMC’s Monthly Accounting Services?

By partnering with KMC, your business can ensure timely, accurate, and professional financial reporting. Our comprehensive accounting services not only ensure compliance with legal regulations but also provide insights that drive financial performance and support sustainable business growth.

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:

  • Document and Data Advisory We advise your company on the necessary documents and data required for reviewing transactions and preparing monthly financial statements.​
  • Review of Business Transactions Our team reviews and checks all documents and data related to business transactions provided by your company.​
  • Transaction Review and ComplianceWe review recorded transactions in your accounting books or software, ensuring compliance with the Chart of Accounts and Vietnamese Accounting Standards (VAS) in both English and Vietnamese.​
  • Proposing Adjustments If any errors or omissions are found, we propose adjustment entries and record the remaining transactions into the accounting books or software.​
  • Preparation of Monthly Financial Statements We prepare the monthly financial statements, including the Balance Sheet, Profit & Loss Statement, Trial Balance, Cash Flow Statement, and General Ledgers as per VAS standards, available in both English and Vietnamese.​
  • Client Review and Approval Once prepared, the reports are sent to your company for review and approval.​
  • Responding to Queries We promptly respond to any queries or concerns raised by your company regarding the financial reports.​

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.

At KMC, we recognize that precise financial management is crucial for the success of any business. That’s why we offer specialized monthly independent accounting reviews designed to ensure the accuracy, integrity, and compliance of your financial statements.

Our service provides a thorough review of your company’s accounting reports and related supporting documents. We identify potential mistakes, recommend adjustments, and deliver a comprehensive management letter to guide your strategic financial decisions.

Our Comprehensive Accounting Review Services Include:

  • Document and Data Advisory We assist your company in identifying and preparing all necessary documents and data required for an accurate review of your monthly financial statements.​
  • Transaction Review and Verification Our experts thoroughly examine and verify all business transaction data provided by your company, ensuring every detail aligns with compliance standards and is recorded accurately.​
  • Comprehensive Transaction Analysis We conduct an in-depth review of all arising transactions, including cash flow, receivables, payables, accrued expenses, prepayments, assets, wages, revenues, and costs of goods sold. Our analysis strictly follows your company’s chart of accounts and complies with Vietnamese Accounting Standards (VAS) and international (English) reporting standards.
  • Adjustment Proposals and Management Reporting Following our detailed review, we propose necessary adjustment entries, prepare a management letter, and provide it for your review and approval. This ensures that your financial statements reflect true and fair values, in line with regulatory requirements.​
  • Responsive Query Resolution We are committed to addressing any queries or concerns your company may have regarding our reports, providing timely responses to ensure transparency and confidence in your financial management processes.​

Why Choose KMC for Your Financial Reviews?

By partnering with KMC, you can rest assured that your financial statements are in the hands of experts. Our team’s meticulous review process ensures that your financial reports are accurate, compliant, and optimized for business decision-making, allowing you to focus on expanding your business with confidence.

Contact KMC today to learn more about how we can support your company’s financial management and drive your success!

Consolidated financial statements are comprehensive reports that combine the financial data of a parent company and its subsidiaries, presenting them as if they belong to a single enterprise. These reports offer a complete overview of the entire group’s financial performance, making them crucial for stakeholders, including investors, managers, and regulators.

Who Needs to Prepare Consolidated Financial Statements?
  • Parent Companies holding over 50% of the voting rights in their subsidiaries, either directly or indirectly.
  • State-Owned Corporations that operate with subsidiary structures, as required by accounting laws.
  • Other Entities mandated by the Securities Law and applicable regulations.

Why Are Consolidated Financial Statements Important?

Consolidated financial statements provide a holistic view of a company’s business performance and cash flow during the accounting period. These reports enable stakeholders, particularly investors, to make informed decisions about the business’s management, operations, and future investments.

KMC’s Comprehensive Consolidated Financial Statement Services

At KMC, we understand that preparing consolidated financial statements can be complex. Our team of seasoned experts is here to help your company navigate these challenges effectively. We offer the following services:

Our services including:

  • Document and Data Advisory We advise your company on the necessary documents and data required for preparing consolidated financial statements.​
  • Internal Transactions Review We collect and assess the group’s policies and internal transactions to ensure accuracy and compliance.​
  • Adjustment and Conversion We create a detailed list of required adjustments for converting the financial statements of all companies in the group into a consolidated format.​
  • Consolidated Financial Statement Preparation We handle the entire process of preparing consolidated financial statements in accordance with Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS).
  • Review and Approval We send the consolidated reports to your company for review and approval, ensuring everything aligns with your business objectives and regulatory requirements.​
  • Responsive Query Resolution We provide prompt and thorough responses to any questions or concerns regarding the consolidated financial statements.​
  • E-Invoice Registration Assistance We provide guidance on registering and using e-invoices, a critical component in today’s digital economy.​
  • Bank Account Number Submission to the Department of Planning and Investment We assist in submitting your company’s bank account details to the relevant authorities, ensuring full compliance with regulatory requirements.​
Why Choose KMC for Your Consolidated Financial Statement Needs?

KMC is committed to excellence in financial reporting. With our deep expertise in both VAS and IFRS standards, we deliver consolidated financial statements that not only meet regulatory requirements but also support your company’s long-term growth and development. Our experienced team ensures that your financial reports are accurate, timely, and aligned with your strategic objectives.

Contact KMC today to learn more about how our consolidated financial statement services can enhance your company’s financial transparency and performance!

Switching from Vietnamese Accounting Standards (VAS) to International Financial Reporting Standards (IFRS) brings numerous advantages to businesses. These include greater transparency, reduced capital and reporting costs, and increased competitiveness in the global market.

Why Adopt IFRS?

  1. Enhanced Transparency and Global Access
    • IFRS narrows the information gap between internal management and external stakeholders, improving accountability. With IFRS-compliant financial statements, businesses gain access to international capital markets, boosting their reputation and brand value.
  2. Minimized Capital and Reporting Costs
    • By adopting IFRS, businesses can streamline their financial reporting into a single set of statements, reducing costs associated with capital mobilization and report preparation. This also enhances the reliability of financial information, making it easier to attract foreign investment.
  3. Improved Competitiveness
    • IFRS adoption standardizes financial metrics, providing a common framework for benchmarking business performance. This enables companies to assess strengths and weaknesses, strategize more effectively, and enhance their market competitiveness.
  4. Global Investor Confidence
    • Adopting IFRS signals a commitment to the highest financial standards, offering businesses a passport to nearly every capital market worldwide.

KMC’s IFRS Conversion Services

  • Consultation on necessary documents and data for IFRS-compliant financial statements.​
  • Review and verification of documents, policies, and impairment calculations.​
  • Adjustment proposalsand data support for the conversion process.​
  • Preparation of IFRS-compliant financial statements including balance sheets, profit and loss statements, and trial balances in both English and Vietnamese.​
  • Report submission for company review and approval.​
  • Full support and response to any queries from the company regarding the financial statements.​

Ready to Transition to IFRS?

KMC’s expert team is ready to assist your business in transitioning to IFRS. Contact our advisory department for professional support and answers to any questions you may have.

For small and medium-sized enterprises (SMEs), excluding micro-enterprises, the legal requirement to appoint a chief accountant within 12 months of establishment can be a significant financial burden. The costs of hiring a full-time chief accountant, including salaries, benefits, and other expenses, can strain a company’s resources. For this reason, many businesses are turning to outsourced chief accountant services as a smart and cost-effective solution.

At KMC, we offer a team of certified chief accountants who meet all legal standards and are equipped to fulfill the duties of a chief accountant for your business. With our comprehensive service, your company can enjoy several important benefits.

Key Benefits of KMC’s Chief Accountant Service

  • Cost Savings Outsourcing a chief accountant is significantly more affordable than hiring a full-time, in-house employee. With KMC’s chief accountant service, you eliminate the need to cover fixed costs like salaries, benefits, and additional office expenses, making it a particularly attractive option for SMEs.​
  • High Expertise and Professionalism Our chief accountants possess extensive experience in accounting, taxation, and financial consulting, ensuring your business’s accounting processes are managed efficiently and in compliance with legal requirements. They also hold professional certifications to guarantee high standards and reliability.​
  • Compliance with Legal RequirementsThe chief accountant service at KMC ensures that your company remains fully compliant with the latest tax and accounting regulations, helping you avoid penalties and legal complications. Our team stays up-to-date with changes in tax laws and regulations, so your business doesn’t have to.​
  • Time Savings By outsourcing to KMC, your business can focus on its core operations without worrying about managing complex accounting tasks. Our experts take care of everything, from tax declarations to financial reporting, allowing your business to save time and improve operational efficiency.​
  • Confidentiality CommitmentAt KMC, we are fully committed to protecting your company’s financial information. We take data security seriously and ensure that all customer information is handled with the utmost confidentiality.​
  • Guidance on Online Tax Declaration (Including Token and Account Setup) We guide you through the process of declaring taxes online, including setting up necessary tokens and accounts for secure and efficient transactions.​
  • E-Invoice Registration Assistance We provide guidance on registering and using e-invoices, a critical component in today’s digital economy.​
  • Bank Account Number Submission to the Department of Planning and Investment We assist in submitting your company’s bank account details to the relevant authorities, ensuring full compliance with regulatory requirements.​

Why Choose KMC’s Chief Accountant Service?

By partnering with KMC, you get access to a team of seasoned chief accountants who can help streamline your accounting processes, ensure compliance, and reduce costs. Our service is especially tailored to meet the needs of SMEs, providing high-level expertise without the financial burden of hiring in-house staff.

Contact KMC today to learn more about how our chief accountant service can benefit your business and help you stay compliant while saving on costs!

At KMC, we understand the complexities involved in auditing financial statements, and we offer professional audit support services to help businesses navigate this critical process with ease. Our services are designed to ensure that your financial statements are prepared and audited accurately, efficiently, and in compliance with legal regulations.

Key Services We Offer:

  • Document PreparationWe assist businesses in collecting, organizing, and preparing accounting documents and records required for the audit. This ensures that all necessary materials are readily available for auditors, streamlining the audit process.​
  • Data Reconciliation Our team reviews and reconciles your accounting figures to ensure the accuracy and completeness of your financial statements. This step is crucial for minimizing discrepancies and ensuring that the audit is based on reliable data.​
  • Pre-Audit Consultation We provide expert pre-audit consultation, offering recommendations to help your business improve accounting processes and ensure readiness for the formal audit. This proactive approach allows you to address potential issues before the auditors arrive.​
  • Coordination with Auditors During the audit, we coordinate with auditors to address any questions or requests, helping your business respond promptly and ensuring that the audit runs smoothly and without unnecessary delays.​
  • Post-Audit Analysis After the audit is complete, we assist your business in understanding the audit results, including any findings, recommendations, and necessary improvement measures. Our post-audit analysis ensures that your business can act on auditors’ feedback and improve financial practices going forward.​

Why Use KMC’s Financial Statement Audit Support Services?

By choosing KMC’s audit support services, your business benefits from a professional, seamless audit experience. We help minimize risks, ensure compliance with accounting regulations, and allow you to focus on your core business while we handle the audit preparation.

Ensure Audit Accuracy and Compliance with KMC

Our experienced team is here to provide you with the expertise you need during every stage of the audit process—from document preparation to post-audit analysis. Let KMC assist your business in ensuring that your financial statements are audited promptly and accurately, reducing stress and enhancing your compliance with accounting standards.

Contact KMC today to learn more about how our audit support services can help your business ensure accurate financial reporting and compliance with legal regulations.

At KMC, we understand the critical importance of statistical reporting for businesses to comply with legal regulations and support governmental policy planning. Accountants are responsible for preparing and submitting monthly, quarterly, and annual statistical reports to the General Statistics Office and other regulatory authorities. These reports are essential for assessing business performance, forecasting trends, and aiding in the formulation of effective strategies and policies.

Our Statutory Reporting Services Include:

  1. Monthly, Quarterly, and Annual Reports
    We assist businesses in preparing and submitting monthly, quarterly, and annual reports on key areas, including:
  • Foreign Direct Investment (FDI)
  • Labor and Employment
  • Income and Business Activities

These reports are prepared according to prevailing regulations and submitted to the Department of Statistics.

  1. Investment Capital and Charter Capital Reports
    Our team ensures that your quarterly reports on investment capital and charter capital implementation are compliant with statistics regulations. We handle the submission to the Department of Statistics for accurate and timely reporting.
  2. Investment Project Reporting
    We provide complete support for preparing and submitting quarterly investment project reports in accordance with the regulations to the Department of Planning and Investment.
  3. Review and Submission
    Once reports are prepared, they are sent to your company for review and approval. After approval, KMC handles the submission of reports to the Department of Planning and Investment and the Department of Statistics to ensure full compliance.

Why Choose KMC for Statutory Statistics Reporting?

By choosing KMC, you gain a trusted partner committed to confidentiality, accuracy, and timeliness in preparing statutory statistical reports. Our services help your business avoid fines and ensure compliance with reporting regulations.

Accurate and Timely Reporting with KMC

At KMC, we are dedicated to preparing complete and reliable statistical reports, allowing you to focus on business growth. Rest assured that your company will meet all legal obligations with accurate, compliant reports submitted on time, every time.

Contact us to learn more about how we can assist your business with statutory statistics reporting and ensure full compliance with regulatory requirements.

At KMC, we recognize that maintaining efficient operations is crucial, even when key personnel are temporarily unavailable. To ensure your business runs smoothly during such times, we offer specialized short-term accounting support services. Our experienced team is ready to step in and manage specific tasks assigned by your company or cover for short-term staff absences, including sick leave or maternity leave.

Our Short-Term Accounting Support Services Include:

  • Expert Advice on Documentation We provide guidance on the necessary documents and data required to ensure seamless accounting support during temporary staffing shortages.​
  • Temporary Staffing Solutions Our skilled team can take over the role of your in-house accounting staff, following your company’s specific requirements and maintaining continuity in your accounting operations.​
  • Document and Data Review We conduct thorough reviews of all documents, data, and reports provided by your company to ensure accuracy and compliance with relevant standards.​
  • Report Preparation Based on your guidelines, we prepare detailed and accurate reports that meet your company’s standards and expectations.​
  • Report Submission and Approval After preparing the reports, we promptly send them to your company for review and approval, ensuring a smooth and uninterrupted workflow.​
  • Responsive Query Resolution Our team is always available to address any questions or concerns you may have regarding the reports, providing clarity and confidence in your accounting processes.​

Why Choose KMC for Short-Term Accounting Support?

With KMC, you can trust that your accounting needs are managed by experienced professionals, ensuring that your business operations continue without disruption. Our services are designed to offer you peace of mind during temporary staff absences, maintaining accuracycompliance, and efficiency.

Ensure Continuity with KMC

Let KMC handle your short-term accounting needs so you can focus on your core business activities. Our dedicated team is here to ensure that your accounting operations remain smooth and effective, regardless of the circumstances.

Contact us today to learn more about how our short-term accounting support can help your business maintain its operations seamlessly.

A well-established Internal Control system is essential for any enterprise striving to achieve its objectives with confidence. At KMC, we specialize in setting up robust Internal Control systems that ensure the reliability of your financial statements and enhance the efficiency and effectiveness of your operations. Our approach is meticulously designed to comply with all applicable laws and regulations, safeguarding your business against risks while driving success.

Our Internal Control System Setup Services Include:

  • Document Advisory for Internal Control Setup We provide expert advice on the required documentation and steps for registering your initial accounting and tax systems.​
  • Review and AnalysisOur team performs a thorough review and analysis of all relevant items and documents provided by your company, ensuring their accuracy and truthfulness.​
  • System Design and Flowchart Creation We design a detailed Internal Control system tailored to each section of your operations. This includes creating a step-by-step flowchart that covers Operations, Systems, Documents, Processes, and Risks. We provide clear descriptions of activities for responsible personnel, document handling, and risk identification.​
  • Risk Identification and Control Solutions We identify potential risks through standard risk assessments for each section of your operations and propose detailed control measures and solutions to mitigate these risks effectively.​
  • Effectiveness Assessment and Reporting We assess the effectiveness of your Internal Control system and provide a comprehensive report, ensuring that your system operates at peak efficiency and effectiveness​
  • Responsive Support Our team is always available to address any questions or concerns you may have regarding your Internal Control system. We provide the clarity and support needed to maintain a secure and efficient operation.​
  • E-Invoice Registration Assistance We provide guidance on registering and using e-invoices, a critical component in today’s digital economy.​
  • Bank Account Number Submission to the Department of Planning and Investment We assist in submitting your company’s bank account details to the relevant authorities, ensuring full compliance with regulatory requirements.​

Why Choose KMC for Your Internal Control System Setup?

With KMC’s expertise, your enterprise will benefit from a solid Internal Control system that supports operational excellence and ensures compliance. Our dedicated team is committed to providing a secure foundation for your business, allowing you to achieve your goals with confidence and efficiency.

Let KMC help you establish a robust Internal Control system that aligns with your business needs and regulatory requirements.

Contact KMC today to learn more about how our services can enhance your operational effectiveness and safeguard your business.

We are committed to helping businesses enhance accounting processes, minimize risks, and ensure full regulatory compliance in Vietnam. By partnering with KMC, your enterprise can stay focused on its core business activities, while we expertly manage all aspects of accounting, payroll, and tax compliance.

Let KMC be your strategic partner in navigating Vietnam’s market with confidence and efficiency.

KMC book-keeping

Book-keeping

The preparation of monthly financial statements is crucial for maintaining robust financial management in any business. Regular financial reports offer

Preparing consolidated report

Consolidated financial statements are comprehensive reports that combine the financial data of a parent company and its subsidiaries, presenting them

KMC book-keeping

Chief Accountant Service

For small and medium-sized enterprises (SMEs), excluding micro-enterprises, the legal requirement to appoint a chief accountant within 12 months of