QUICK AND ACCURATE YEAR-END FINANCIAL REPORT SERVICE

Preparing year-end financial statements is currently a difficult problem for newly established businesses or small and micro businesses due to lack of knowledge about accounting operations, tax laws and regulations. related to the declaration of monthly and quarterly tax reports with many errors, resulting in material errors in the year-end financial statements of the enterprise and this is a big risk when inspecting. and tax settlement.

Understanding the difficulties of businesses, HCM CPA Company provides services of preparing and presenting year-end financial statements, completing accounting books for businesses, and providing data to tax authorities when making decisions. settlement decision.

WHAT ARE FINANCIAL STATEMENTS?

Financial reports are the economic and financial information system of an accounting unit, presented according to forms prescribed in accounting standards and accounting regimes. Financial reports help provide information about a business's financial situation, business results and cash flow. According to the law, all enterprises belonging to the industry and economic sectors must prepare and present annual financial statements.

WHAT DO CUSTOMERS NEED TO PROVIDE WHEN MAKING FINANCIAL REPORTS?

In order for CPA HCM to prepare the most complete and accurate financial reports, customers need to provide the following profile information:

1. Contracts and invoices for purchasing goods and services;
2. Contracts and invoices for sale of goods and services;
3. Enterprise invoices were incorrectly issued, canceled, or revoked during the declaration period;
4. Contracts for which money has been collected and paid but no invoices have been issued or invoices have not been received during the declaration period.
5. Fee payment vouchers, fees, and other documents do not contain VAT;
6. Labor records;
7. Employee payroll for each month in the declaration period;
8. Documents for payment of social insurance for employees;
9. Statements of bank accounts arising during the declaration period, debit notices, credit notices;
10. Loan and debt repayment documents arising during the declaration period;
11. Confirm year-end balances with suppliers, customers, banks, inventory and other related items.

FINANCIAL REPORT SUBMISSION TIME AND PENALTIES REGULATIONS

1. Time to submit annual financial reports

Article 109 of Circular 200/2014/TT-BTC stipulates:

1. Accounting units that are private enterprises and partnerships must submit annual financial statements no later than 30 days from the end of the annual accounting period; For other accounting units, the deadline for submitting annual financial statements is 90 days at the latest;

2. Penalty for late submission of financial statements

According to Decree 41/2018/ND-CP on sanctioning administrative violations in late submission and incorrect submission of financial reports as follows:

Late submission, delay in publicizing financial statements less than 3 months compared to the prescribed deadline, submitting financial statements without sufficient content as prescribed, accounting incorrectly according to accounting account regulations will be fined from 5,000,000 - 10,000,000 VND.

Late submission or disclosure of financial statements for 3 months or more compared to the prescribed deadline, failure to attach audit reports when submitting financial statements and when disclosing financial statements (for prescribed cases) will be fined from 10,000,000 – 20,000,000 VND.

Publicized financial statements data that are inconsistent with accounting data and accounting documents, cases of agreement/coercion to provide information, accounting data that are factually incorrect or falsification of financial statements will be fined from 20,000 VND. 000 – 30,000,000 VND.

WORK OF HCM CPA WHEN RECEIVING FINANCIAL REPORTS.

1. Learn about business legal information, applicable accounting forms, and depreciation methods for fixed assets;
2. Survey the actual situation and operating procedures of the business;
3. Collect invoices, documents, and business books;
4. Review documents and accounting books that the enterprise has implemented;
5. Eliminate and adjust inappropriate documents;
6. Check general accounting entries: allocation of tools, supplies, prepaid fees, depreciation of fixed assets…
7. Check salary, social insurance and health insurance costs…;
8. Discuss with the business the contents and operations related to implementation results;
9. Transfer, synthesize financial information, prepare and present financial statements;
10. Advise businesses on existing problems in the business and solutions to overcome them;

REASONS TO CHOOSE HCM CPA TO DO FINANCIAL REPORTING

Businesses that are having difficulty preparing year-end financial statements should choose and contact CPA HCM immediately and we will bring the following benefits to the business:
- With a team of experienced experts assisting in preparing financial reports, helping businesses solve the task of preparing and presenting year-end financial reports quickly and accurately.

- Helps businesses save maximum costs compared to hiring accountants to do related work.
- Ensure timely submission of financial reports.
- All accounting data will be performed in the clearest, most transparent and accurate way by CPA HCM's team of experts.

Customers who need advice about CPA HCM's financial reporting services can contact 19000380 to receive advice and support from leading experts in the field.