1. Make accurate, fast and prestigious accounting books
Making accounting books means making accounting entries, recording accounting vouchers and making financial statements according to accounting standards.
In order to make accurate accounting books, in addition to the input information which are invoices and vouchers to record in accounting books, which must accurately reflect the arising operations, the profession of the accountant, the profession of the person on duty must be accurate. Continuing to do bookkeeping plays an important role.
Currently, many businesses have accounting staff who lack accounting experience, so they are not capable of making inaccurate accounting books. When making inaccurate accounting books, it will lead to inaccurate financial statements and tax finalization statements, businesses will likely be fined and tax arrears when tax authorities make tax finalization, audit tax investigation or inspection.
Unusual signs on financial statements
- Continuously negative VAT, increasing inventory and increasing import volume
- Revenue is less than cost, gross profit is negative
- Unusually volatile year compound interest
- Debt accounts with continuous balance over the years
- Revenue, salary, and payment targets do not match the cash flow statement
- Revenue and other income are much different from the value-added tax declaration
- The salary side does not match the PIT finalization declaration
Invalid expenses on financial statements
- The salary of the director of a one-member limited liability company is not valid
- Borrowing costs while cash balance is large
- The cost of renting a house, renting a car is not enough
- Wages of workers are not regulated
- Non-qualified depreciation and other expenses.
- Deducting expenses in advance, making provisions to push costs
Wrong declaration of value added tax
- Do not allocate shared VAT for taxable and non-taxable activities
- No output invoices for gifts
- Not knowing how to make an additional declaration leads to the refusal of the declaration.
What if the financial statements are wrong?
- Check all the loopholes of the accounting booksRemove invalid expenses from the books
- Search for valid expenses that are right for your business
- Record valid expenses in the books
- Prepare financial statements to submit to tax authorities
- Return the personal income tax return (if the PIT return is affected).
2. FAT’s bookkeeping re-doing service process
- Survey through exchange with enterprises to grasp demand.
- Survey through books, documents, reports to identify and evaluate internal problems.
- Summary of issues, estimated implementation time, implementation roadmap.
- Report the fee and sign a contract to perform.
- Re-do accounting books
- Written summary meeting.
- Handing over accounting books.