1. Step 01: Determine the type of enterprise (DN)

-If it is a Manufacturing enterprise: This enterprise is required to calculate costs.

=> Gather production costs to calculate production costs such as completed products and unfinished products; Finished products are warehoused using account 155: Finished products.

- If you are a Commercial Enterprise: The characteristic of a Commercial Enterprise is buying and reselling => So you must understand how to calculate ex-warehouse prices, discounts, rebates, promotions, returned goods,...

=> This type does not calculate cost, so all operations are concentrated in inventory account 156

- If you are a Construction Enterprise: Must understand and know how to read estimates; Calculate detailed costs for each construction project object, time of acceptance and issuance of invoices,…

=> Gathered in Account 6 such as A/C 621, 622, 627 and transferred to A/C 154 ≥ A/C 632.

2. Step 02: Arrange documents.
3. Arrange and close Tax declaration books.
4. Arrange output and input invoices according to the following methods: Invoice number ascending, alphabetically, by date,…
5. Income and expenditure documents.
6. Economic contracts.
7. Insurance documents and labor records.
8. Documents submitted to the state budget.
9. Other documents.
10. Invoices according to the Tax Declaration have been submitted respectively according to the Sales and Purchase Appendices during the declaration period.
11. Print the entire tax return & Notice of successful electronic tax payment.
12. Input invoices in the order of the Tax Declaration: Arranged in the order of the Declaration = Order of Red Lien input invoices by Month/Quarter.
13. Output invoices in the order of the tax declaration: Arrange in the order of the declaration = Order of output invoices in the Green sheet according to the Month/Quarter period.
14. Consider the elements of the invoice: Reasonability and validity of documents such as "Enterprise information; Commodity content,…”.
15. Step 03: Prepare accounting books.

- Bookkeeping process: Invoices => General journal => Ledger => Balance of arising => Accounting records, business results, LCTT.

- Accounting for economic operations.

- Check the legality of the invoice: Reasonableness, validity, legality.

- Understand the nature of transactions arising from input invoices and documents.

- Classification of objects: Which objects are costs; Which object is revenue; Which objects are the revenues, expenses, etc. Each object has a complete set of accompanying documents.

- Enter documents into the software, calculate accurate and complete accounts, transfer final accounting entries => To generate profit and loss from production and business activities.

- Balance profit and loss, balance revenue versus costs, calculate costs, balance profit and loss with production costs,…

4. Step 04: Close the books and prepare financial statements.

4.1. It is necessary to carefully review the economic operations and expenses incurred, and fully check the records:

1. Check whether debts are accounted for by the wrong object?
2. See if inventory elements are correct, negative, or different?
3. Check whether expenses correspond to revenue?
4. See factors about cash and deposits?
5. See loan factors?
6. See cost factors?
7. See wage labor factors?
8. Check for other unusual factors?

4.2. After the books are completed => Based on the data compiled from the soft FILE, you can prepare the financial statements according to regulations.

4.3. Full financial reports include:

1. Balance sheet Form No. B01-DN.
2. Report on business results Form No. B02-DN.
3. Cash flow statement Form No. B03-DN.
4. Explanation of financial statements Form No. B09-DN.
5. Corporate income tax and personal income tax finalization declaration.