How does outsourced bookkeeping work?

When you outsource your bookkeeping, you will have to grant your vendor full access to your company’s financial information. Some companies prefer to grant vendors a “read-only” access to ensure no external parties have access to company’s funds. In general, outsourced bookkeeping should be digitalized for ease of convenience. Outsourcing your bookkeeping can look different depending on your business’s size and needs. Smaller businesses typically outsource their bookkeeping to a local Certified Public Accountant (“CPA”), while larger corporations outsource their accounting to larger firms like BoardRoom. When you outsource your bookkeeping the firm you have outsourced to will typically handle all your taxation requirements such as tax strategy, tax preparation and tax filing.

What is included in accounting/bookkeeping services?

This will vary depending on the bookkeeping firm, but typically accounting agencies will offer tax strategy, tax preparation, and tax filing services. If you are looking for a service that is all-encompassing, you should also seek an accounting service that offers payroll processing, account reconciliations, financial strategising, and more.

What do companies look for in an accounting firm?

What you should look for in an accounting firm will depend on the size and complexity of your business’s needs. If you run a smaller business and simply need some help filing taxes, then ask family and friends for a trustworthy recommendation for a CPA. Make sure that they have the necessary licenses and certifications. If you run a larger company and need something more sophisticated, it is recommended to examine the firm’s scope of service, as well as their experience and their accounting tools.

When do I outsource accounting management?

There is no “perfect” time to outsource accounting management, but as a business owner, it would be ideal to start your business with your accounting services already established. Having said that, it is also quite common for companies to outgrow their small accounting solutions and seek more scale-friendly alternatives.

Where do I get professional accounting services?

BoardRoom is Asia-Pacific’s leader in professional services including Accounting and Taxation Services, Payroll Outsourcing, and Human Resource Outsourcing. For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia. BoardRoom is the partner of choice for many Fortune 500 multinational companies, public listed and privately owned enterprises. If you are looking to outsource your accounting, kindly contact us today.

Why do businesses need accurate bookkeeping?

If you run a business, it is crucial for you to keep track of your business’s finances. This means tracking your profits and losses, as well as filing your taxes correctly and timely, and ensuring that your business is compliant with current tax regulations.

How can BoardRoom help in accounting services?

Here at BoardRoom, we have been helping companies across Asia and Australia with their bookkeeping and accounting services. Our experienced professionals are committed to filing your taxes and keeping your business tax compliant.

Accounting & Bookkeeping - BoardRoom Vietnam

Q: How can accounting services help my business?

Whether you run a small business or a multinational corporation, every business can benefit from some sort of accounting services. Accounting can help your business succeed by giving you insights into the overall financial health of your company, offering a precise report of your cash flow, demonstrating opportunities for growth and keeping you organised and accurate when filing your taxes.

Q: What are the top accounting software?

While there are many accounting software options, we prefer a solution that supports businesses of all shapes and sizes, which is why we are proud to hold Gold Partner status with Xero™. Xero™ cloud-based software is an ideal choice for its streamlined interface as well as its simple integration with payment services such as Stripe, Paypal, and traditional banks. Xero™ also supports multiple currencies and offers robust financial reporting.

ACCOUNTING & BOOKKEEPING SERVICES IN VIETNAM

Ensure your accounts are accurate and efficient with trusted accounting and bookkeeping services

Accounting is one of the most important business processes to get right because it critically influences your organization’s growth and success. Partnering with a reliable accounting firm in Vietnam that understands local tax regulations and compliance requirements is essential to staying compliant while setting up for long-term success.

FIND OUT MORE ABOUT OUR ACCOUNTING & BOOKKEEPING SERVICES

Reliable outsourced accounting services

BoardRoom’s team of experienced accounting consultants and finance professionals in Vietnam has the skills and expertise to ensure that the accounting services you acquire are accurate, efficient, and compliant with local tax laws and reporting standards.

Outsourcing to our experts lets you focus on your core operations without the burden of maintaining an internal finance team. Our trained professionals are fully up to date with the Vietnam Accounting Standards (VAS) and the requirements of the Tax Department.

With BoardRoom, your business can operate efficiently and confidently. Our professional advisors provide accounting outsourcing insights to help you understand the local market, strengthen internal processes, and support better decision-making.

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Xero-powered, tech-enabled support

While not yet as widespread in Vietnam as in other jurisdictions, cloud-based platforms like Xero are gaining popularity among modern businesses. As a regional Xero partner, BoardRoom helps clients leverage digital tools for efficient accounting services and better reporting outcomes.

Outsourcing your accounting and bookkeeping services to a provider with digital expertise ensures accuracy, real-time access, and greater financial visibility.

Supporting cross-border and multinational operations

BoardRoom’s regional and global presence allows us to support clients with operations across multiple jurisdictions. For international businesses operating in Vietnam, our specialized team offers tailored accounting outsourcing support that aligns with global compliance and local tax requirements.

Whether you’re a multinational entering Vietnam or a Vietnamese enterprise expanding abroad, we help ensure your accounting services are fully aligned with cross-border tax and reporting obligations.

OUR INTERNATIONAL ACCOUNTING AND TAX SERVICES

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How can BoardRoom help?

Ensuring your accounting aligns with VAS and Tax Department requirements is crucial to maintaining your business’s compliance and reputation. As a reputable accounting services firm in Vietnam, our team has a comprehensive understanding of cross-border financial management and local regulatory obligations.

Statutory reporting & compliance services

Statutory reporting may only occur annually, but it’s a critical requirement to remain compliant under Vietnamese law. This high-level consolidation of your accounts, submitted to the Tax Department and other local authorities, must adhere to strict formats and content standards under Decree 41/2020/ND-CP and other relevant guidelines.

Our accounting consultants ensure your reports are prepared accurately and submitted on time, reducing your exposure to penalties.

Management purpose reporting

Management reporting provides valuable business insight beyond legal requirements. A trusted provider of bookkeeping services like BoardRoom can deliver tailored performance analysis, from Profit and Loss (P&L) breakdowns and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) ratios to liquidity assessments, to help you make better strategic decisions.

With accounting outsourcing, our experienced team can convert your financial data into clear, actionable reports aligned with your business goals.

Group accounts consolidation

If your company operates in multiple jurisdictions or owns subsidiaries in Vietnam, consolidating group accounts is essential. This ensures you present unified financial statements for stakeholders and meet Vietnamese disclosure requirements.

Our outsourced bookkeeping services simplify this process, especially in complex ownership scenarios, so you can focus on core growth while we handle technical accounting matters.

Our professional accounting services

As one of Asia-Pacific’s most trusted provider of accounting services, we ensure your business fulfills all statutory compliance requirements under Vietnamese law, maintaining the integrity of your company’s reputation.

Bookkeeping for management and statutory compliance

Our bookkeeping services in Vietnam can free you from day-to-day account maintenance while providing you with deeper insight into your business, helping to maximize performance and streamline operations.

BoardRoom’s accounting and bookkeeping services team supports both statutory compliance and internal management reporting. With the right accounting outsourcing partner, your company gains access to strategic financial data and dedicated compliance support across Vietnam and the wider Asia-Pacific region.

We can help with all your accounting services needs in Vietnam, including:

completing accounting entries, including compiling:
- general ledger reports;
- trial balances;
- profit and loss statements;
- balance sheets; and
- supporting schedules for financial analysis.
Preparing annual financial statements in accordance with Vietnam Accounting Standards (VAS), including:
- statements of comprehensive income;
- cash flow statements;
- equity change statements; and
- explanatory notes to the account.
Assisting with year-end reporting processes, including coordination with auditors where required; and
Supporting submission to the Tax Department and other relevant Vietnamese authorities.

Annual financial reporting for Vietnam

Vietnamese companies must submit their financial statements annually in compliance with Decree 41/2020/ND-CP and relevant Tax Department regulations. BoardRoom ensures your filings are prepared in accordance with VAS, translated (if necessary), and submitted on time.

Our team can help with:

Preparing audited or unaudited financial statements based on business size and requirements.
Filing reports with the Tax Department and other regulatory bodies.
Managing supporting documentation for statutory audits or investor reporting.

Through our accounting outsourcing services, we streamline this entire process for local and foreign-invested companies operating in Vietnam.

Cash management

Managing corporate funds across departments and vendors can be complex. BoardRoom helps simplify the process by integrating accounting services with fund disbursement support.

Our comprehensive solutions include:

Coordinating in-house bookkeeping services and HR/Payroll functions to support payment workflows
Offering accounts payable support for vendors and third-party suppliers
Implementing internal controls and approval structures to safeguard funds

Our team removes the burden of routine payment administration while ensuring accuracy, security, and alignment with Vietnamese financial protocols.

E-invoicing under Vietnam’s compliance regulations

Manual invoicing is time-consuming and increases the risk of human error. Under Decree 123/2020/ND-CP and Circular 78/2021/TT-BTC, electronic invoicing is now mandatory for most businesses in Vietnam.

BoardRoom’s accounting consultants help you digitize your invoice processes in full compliance with local regulations.

We support your business by:

Integrating e-invoicing tools with your existing accounting systems
Automating invoice issuance and reporting for the Tax Department
Reducing time spent on reconciliation and minimizing tax reporting errors
Helping maintain audit-ready invoice records and reducing paper-based waste
Training your team to ensure smooth day-to-day operations under the e-invoicing framework

With our outsourced accounting and bookkeeping services, your business stays compliant while improving invoicing speed, accuracy, and transparency.

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Why Choose BoardRoom?

Because we help take your business further, faster, at all stages

Partnering with an experienced Vietnam-based firm offering accounting services with regional and global experience can help reduce costs, minimize risk, and support sustainable business growth, all while ensuring compliance with Vietnam’s evolving financial regulations.

With over 50 years of experience in the Asia-Pacific region, BoardRoom has become one of the most trusted providers of accounting outsourcing solutions across multiple markets, including Vietnam.

Save time and money

Outsourcing your accounting services allows you to stay focused on core business functions without the overhead of managing a full in-house team. With our expert support, you gain access to highly skilled accounting consultants and reliable bookkeeping services minus the long-term HR burden.

Maintain cross-border compliance

Our team of accounting consultants and finance professionals understands both Vietnam’s domestic regulations and the broader cross-border tax landscape. We help reduce your administrative burden while lowering the risk of non-compliance penalties, especially for foreign-invested enterprises operating under strict reporting obligations.

Increase productivity

Our accounting and bookkeeping services help free your internal resources from the time-consuming tasks of daily financial tracking and data entry. Through efficient outsourced services, we provide timely reports and insights to support better decision-making and operational efficiency.

Improve efficiency and security

With secure, cloud-based accounting services, we help streamline and automate your financial workflows while maintaining high data protection standards. Every client has unique requirements; that’s why we work with leading software partners to recommend the right solutions for your operations in Vietnam. Whether managing multi-entity reporting or group consolidation, our accounting outsourcing approach ensures scalable support.

Get in touch with our accounting expert today!

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YOUR POINT OF CONTACT

Ng Hui Xian

Head of Accounting and Tax

E: [email protected]

Frequently Asked Questions (FAQs)

1. How can accounting services help my business?

Whether you’re running a small startup or a large multinational corporation in Vietnam, professional accounting services help ensure that your financial records are accurate, compliant, and timely. With detailed insights into your cash flow, operating expenses, and profits, you can make smarter business decisions and stay compliant with the requirements of the Tax Department.

2. How does accounting outsourcing work?

When you outsource your accounting services, you give your provider access to the financial data necessary for accurate reporting. Most companies today prefer cloud-based accounting outsourcing to ensure secure, real-time collaboration without giving direct access to company funds.

Smaller businesses in Vietnam often partner with a local accounting consultant, while larger enterprises may rely on full-service providers like BoardRoom for outsourced bookkeeping services, tax compliance, payroll integration, and more.

3. What are the accounting requirements in Vietnam for businesses?

Under Vietnamese law, businesses must:

Maintain complete and accurate accounting records in accordance with the Vietnam Accounting Standards (VAS)
Submit annual financial statements to the Tax Department
Register for and declare taxes (e.g., VAT, CIT, PIT) on a monthly or quarterly basis
Prepare year-end reports and audits, depending on size and industry

At BoardRoom, our accounting services team can help you stay compliant at every stage, from monthly bookkeeping services to annual financial reporting.

4. What is included in accounting and bookkeeping services?

Depending on your provider, accounting services may include:

General ledger maintenance
Monthly or quarterly financial statements
Tax computation and filing
Payroll integration
Financial forecasting and advisory

Outsourced bookkeeping services typically handle day-to-day transaction recording, reconciliations, and preparing reports for internal use. BoardRoom provides both statutory and management-level support tailored to your company’s needs.

5. What should companies look for in an accounting consultant?

When choosing an accounting consultant in Vietnam, businesses should consider:

Local expertise in VAS and Vietnamese tax laws
Experience with cross-border reporting (if applicable)
Ability to scale services as your company grows
Use of secure, cloud-based platforms

BoardRoom’s accounting services in Vietnam offer all of the above, with dedicated advisors to help you stay compliant, agile, and informed.

6. When should I outsource accounting management?

While there’s no fixed timeline, many companies choose accounting outsourcing at key business milestones, such as after incorporation, during expansion, or when internal resources are stretched.

Others outsource from day one to ensure clean records and avoid backlogs. With BoardRoom’s outsourced accounting services, your business gains a structured and compliant accounting function from the outset.

7. Where can I find professional accounting services?

BoardRoom is Asia-Pacific’s leader in professional services, including accounting and taxation services, payroll outsourcing, and human resource outsourcing, making us an ideal choice for outsourcing your accounting services in Vietnam.

For over 50 years, we’ve helped companies navigate complex operational and regulatory policies across the region. Our Vietnam team brings deep local knowledge backed by a strong international presence, with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as a wide partner network across Asia.

BoardRoom is the trusted partner of many Fortune 500 multinational companies, publicly listed enterprises, and privately owned businesses.

If you are looking to outsource your accounting in Vietnam, contact us today. We’ll work with you to find an accounting solution that best fits your needs.

8. How much do accounting services cost?

The cost of accounting services in Vietnam depends on your business size, industry, and required service scope. In general, basic bookkeeping services cost less than more comprehensive accounting outsourcing packages that include tax, payroll, and compliance support.

At BoardRoom, we tailor our fees based on the level of support you need, from routine outsourced bookkeeping services to complete finance function solutions.

9. Is outsourcing accounting services better than in-house?

Outsourcing your accounting services can bring several advantages. It lets your internal team focus on core business activities while ensuring all financial matters are handled by qualified professionals.

With accounting outsourcing, you can access specialized skills, reduce the cost of hiring and training full-time staff, and ensure compliance with Vietnam’s reporting and tax regulations. It also helps increase accuracy and productivity, especially when supported by an experienced accounting consultant like BoardRoom.

10. Why is accurate bookkeeping important for businesses?

Accurate bookkeeping ensures your business has a clear picture of its financial health. It helps you track income and expenses, meet tax obligations, and make informed decisions. Proper bookkeeping services also support timely compliance with the Tax Department’s filing requirements and reduce the risk of audit issues or penalties.

11. What are the top accounting software solutions?

There are many accounting software options available in Vietnam. Popular local systems include MISA and FAST, while international platforms such as Xero™, QuickBooks™, and SAP are often used by companies with cross-border operations.

At BoardRoom, we support a range of systems and help clients integrate these tools as part of their accounting outsourcing solution. We also proudly hold Xero™ Gold Partner status in the region.

12. How can BoardRoom’s accounting services help my business?

BoardRoom has been helping businesses across Asia-Pacific, including Vietnam, with their outsourcing accounting and bookkeeping as well as regulatory compliance services needs for over five decades.

Our experienced professionals can support your day-to-day finance operations, ensure tax and statutory compliance, and provide strategic insights. If you’d like to find out more, contact us today to discuss how our accounting services can help your business grow confidently.

Accounting & Bookkeeping

ACCOUNTING & BOOKKEEPING SERVICES IN VIETNAM