Internal accounting services for businesses – full package from 1,000,000 VND

Refer to the full package of internal accounting services for businesses from 1,000,000 VND/service, with internal accounting services (management accounting) such as: payroll accounting, accounts receivable accounting, purchasing accounting, sales accounting…

What is internal accounting?

Internal accounting (in house accounting) is also known as management accounting. As the name suggests, the work items of internal accounting (management accounting) are only within the scope of the enterprise, such as: recording, storing, analyzing, making statistics, processing and reporting data to the leadership for the financial activities of the enterprise during the process of arising transactions. From there, you can see that internal accounting is an extremely important core part of the enterprise.

Depending on the needs of each business, the internal accounting system will be built with different accounting positions. But in general, below are the internal accounting positions necessary for businesses.

• Chief Accountant;
• Accounts receivable;
• Tax accounting;
• Sales accounting;
• Bank accounting;
• Payroll and insurance accounting;
• General accounting;
• Warehouse accounting – fixed assets (purchase accounting);
• Payment accounting (receipt and expenditure accounting)… 

The average salary of an internal accountant will vary for each position, ranging from 5,000,000 VND – 30,000,000 VND, depending on the financial conditions, business size and work experience of each candidate. And in some cases where the business cannot recruit or cannot recruit a suitable accountant, outsourcing internal accounting services is the solution. 

>> Related content: When to use outsourced internal accounting services.

Internal accounting services for businesses – Full package from 1,000,000 VND/service

Currently, Online Accounting provides a full package of internal accounting services with 4 necessary operations for most businesses as follows:

1. Payroll accounting services

Online Accounting’s payroll service is provided to businesses that only employ Vietnamese workers and businesses that employ foreign workers, with a reference price of only 1,500,000 VND if the business has 1-5 employees. 

Enterprises with 6 or more employees or foreign employees can refer to the detailed price list of payroll accounting services in the following article.

>> Outsourced payroll accounting services.

All payroll accounting work and operations fdiinvietnam.com will complete 100% on behalf of the business:

• Develop regulations and payroll systems including salaries and holiday bonuses, etc.;
• Draft and manage labor contracts and other employee-related documents;
• Handling issues related to labor tax codes, such as: tax code registration, dependent registration, issuance of personal income tax deduction documents for employees…;
• Handling issues related to social insurance, such as: reporting increase in labor, closing social insurance books for employees, preparing social insurance benefit applications, monitoring social insurance debts, etc. 

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2. Sales accounting services

The special feature of the sales accounting service at fdiinvietnam.com compared to other units is that businesses will receive free VAT rate consultation. 

In addition, fdiinvietnam.com will also be responsible for all sales accounting operations for businesses, such as:

• Drafting sales documents including: quotation, service contract, contract appendix…;
• Track order receipt and processing;
• Prepare payment request documents and monitor payment process;
• Responsible for storing documents and invoices related to sales accounting operations;
• Support explaining and working with customers on issues related to invoices, orders, etc.

The cost of sales accounting services will range from 1,000,000 VND, depending on factors such as:

• The field in which the business operates;
• Number of contracts, orders, invoices;
• Total contract value and contract appendices.

>> Learn more: Full package sales accounting service. 

3. Warehouse accounting services 

Warehouse accounting or purchasing accounting is an important task to ensure the smooth operation and activities of the business. In case the business has not recruited an accountant in charge of warehouse and goods issues, consider using the warehouse accounting service at fdiinvietnam.com as an effective long-term solution.

The complete purchasing accounting service package (warehouse accounting) from only 1,500,000 VND/month of Online Accounting will help businesses:

• Ensure accuracy in inventory data;
• Ensure the establishment of an accurate warehouse accounting system;
• Business representatives discuss and work with suppliers if necessary;
• Support consulting on solutions to tax and inventory related issues such as:
  • How to deal with virtual inventory;
  • How to delay VAT payment obligations;
  • How to thoroughly overcome errors in warehouse accounting operations… 

>> Learn more: Internal warehouse accounting services for businesses.

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4. Accounts receivable accounting services

When using the accounts receivable accounting service – with a total cost of only 1,500,000 VND, businesses will be able to simplify all issues related to accounts receivable accounting. Because fdiinvietnam.com will complete and take 100% responsibility on behalf of the business. Specifically, Online Accounting will:

• Prepare and manage all documents and papers related to debt;
• Receive and review the legality of purchase and sales contracts;
• Determine payment terms and track receivables and payables of customers and partners;
• Prepare all reports related to debt such as: summary reports, debt analysis reports…

To ensure data accuracy, Online Accounting only prioritizes providing this service when businesses use both sales accounting services and purchasing accounting services.

>> Learn more: Accounts receivable and payable accounting services. 

✦ General notes for internal accounting services (management accounting) at fdiinvietnam.com

Below are some notes for all 4 internal accounting services of fdiinvietnam.com that businesses need to know:

• Online Accounting only provides full internal accounting services for businesses with a minimum contract term of 3 months;
• Internal accounting service prices will vary depending on each case, profile, and specific requirements of the business;
• Depending on each category of internal accounting services used by the enterprise, the information and documents provided will be different. Enterprises please refer to the details in the attached articles for each service content or contact the Online Accounting hotline for quick advice.

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When should you use internal accounting services for your business?

1. When should you use internal accounting services – full management accounting packages?

As mentioned above by fdiinvietnam.com, the average income of a newly graduated internal accountant with no experience (depending on the position) is at least 5,000,000 VND. Therefore, if the business has not generated too many accounting transactions and has not found a suitable accounting specialist, it should consider choosing an outsourced internal accounting service. 

In addition, when a business falls into one of the following cases, a full-package accounting service that is 100% responsible for the business’s internal accounting operations should also be included in the priority list.

• Newly established businesses have not yet recruited internal accountants;
• Newly established businesses need to establish an accounting system and a way to handle arising accounting transactions in accordance with the law right from the beginning;
• Businesses are using full package tax accounting services at fdiinvietnam.com, such as: tax reporting services, accounting bookkeeping services…;
• The enterprise only has a chief accountant and needs to use additional outsourced accounting services to support the processing of arising accounting transactions;
• Businesses need to hire internal accounting services to handle certain accounting items, for example, businesses need to hire sales accountants because the accountant in charge of sales accounting has just quit his job, gone on maternity leave, etc. 

Learn more:

>> Tax reporting service – From 500,000 VND/month;

>> Bookkeeping services – From 2,500,000 VND.

2. Should I hire an internal accountant or use an outsourced internal accounting service?

So, what are the benefits of using in-house accounting services over focusing your time and budget on hiring an accountant?

➨ In terms of cost: When using internal accounting services, businesses only need to pay based on the accounting transactions that arise, instead of having to periodically pay salaries, salary deductions and benefits to internal accountants every month… regardless of whether or not there are arising documents. 

For example, for fdiinvietnam.com’s accounts receivable service, the service fee will be calculated based on the number of invoices and the field of operation. With this calculation, businesses will be able to save maximum costs in months/quarters with few invoices and revenue.

➨ In terms of time and experience in the industry: Online Accounting with experience supporting thousands of businesses in tax and accounting issues over the past 16 years, has certainly accumulated a lot of experience in handling documents as well as working methods with each state agency. Therefore, accounting experts of fdiinvietnam.com will be able to handle all arising internal accounting operations quickly and completely legally. 

Not to mention, businesses will not need to spend too much time training candidates, for accountants to get used to the job or to experience the actual process and regulations of working with authorities. And for accountants who have just graduated and are not yet proficient in their profession, errors in handling accounting operations are inevitable. However, if using outsourcing services, all errors will be limited to zero and in some cases, Online Accounting will always take 100% responsibility for the operations handled by fdiinvietnam.com.

However, hiring an internal accountant or using a full internal accounting service package also depends on the scale of operation, long-term orientation as well as the financial conditions of each business. To be able to make the best choice, businesses can refer to the internal accounting services of fdiinvietnam.com, contact fdiinvietnam.com for advice and a full package quote, from which businesses will be able to balance costs and make decisions. 

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Frequently asked questions about management accounting and internal accounting services

1. How much does a full package of management accounting (internal accounting) services cost for businesses?

The price of internal accounting services or management accounting services at fdiinvietnam.com is from 1,000,000 VND. Depending on the internal accounting processing service that the enterprise uses, the cost will be different. Specifically:

• From 1,000,000 VND when choosing internal accounting service specializing in handling sales transactions (also known as sales accounting);
• From 1,500,000 VND when using payroll accounting, warehouse accounting, and accounts receivable accounting services.

See details in the following articles:

>> Sales accounting services;

>> Payroll accounting services;

>> Purchasing accounting services;

>> Accounts receivable accounting services. 

2. What will the internal accounting work that fdiinvietnam.com will do include?

Depending on which business uses internal accounting services specializing in which business (warehouse, sales, payment, etc.), the work items performed by fdiinvietnam.com will be different. 

For example: 

If the enterprise uses the payroll accounting service, fdiinvietnam.com will be 100% responsible for payroll accounting operations (creating the payroll system, calculating salaries, handling issues related to employee tax codes and social insurance…).

3. Does fdiinvietnam.com provide internal accounting services? Service price? 

Yes. Online Accounting is currently providing bookkeeping services with costs starting from only 2,500,000 VND. Depending on the number of output and input invoices and the business sector, the cost will vary. 

>> Learn more: Full accounting bookkeeping service.

Call us at  0978 578 866 (North)  –  033 9962 333 (Central)  –  0946 724 666 (South)  for support.