Basic of bookkeeping accounting services in Vietnam

Often, small enterprises perceive ‘bookkeeping’ and ‘accounting’ as synonymous. However, despite their close connection and shared involvement in financial matters, these two notions stand distinctly apart. Analogous to the distinction between sales and marketing, it’s imperative to exercise caution while navigating these concepts to guarantee accurate recording and reporting of your business’s financial records. This article is poised to elucidate the fundamental disparities between ‘bookkeeping’ and ‘accounting’, providing you with a foundational understanding of bookkeeping accounting and guiding you on effectively managing both aspects.

1. Definition of accounting

1.1 What is ‘Accounting’?

We will start with the concept and purpose of ‘accounting’. Accounting is often understood as a department in a business that includes accounting staff. They are responsible for managing the accounting records to ensure that financial transactions are properly and duly recorded. The accounting department will track the revenue and expenses incurred during the period to ensure that the business does not have cash problems. In small businesses, the accounting department often also manages the bookkeeping procedures.

How to distinguish Bookkeeping and Accounting

1.2 What does an accountant do in a company?

Most businesses must have at least one accountant, even if they hire this person only to do audits and deal with tax-related matters. Accountants manage the cash flow of the business and oversee to ensure that every transaction is recorded.

2. What is ‘Bookkeeping’?

What sets apart ‘Bookkeeping’ from ‘Accounting’? ‘Accounting’ encompasses the whole department responsible for handling all aspects related to a business’s financial standing. On the other hand, ‘bookkeeping’ distinguishes itself from ‘accounting’ by focusing solely on the daily financial transactions. Essentially, ‘bookkeeping’ entails the process of meticulously documenting each financial transaction in the records. This documentation facilitates the flow of information regarding everyday transactions to be transmitted to the accounting department.

1.2 What does a bookkeeper do in a company?

Think of ‘bookkeeping’ as keeping the books. When a person comes to your store to make a purchase, you record the transaction in a book, so called ‘bookkeeping.’ All the smallest transactions must also be recorded for the accounting department to work effectively. fruit. ‘Bookkeeping’ usually refers to accounting software that includes various types of ledgers. This ledger system helps you keep track of the incoming and outgoing cash flows of your business.

There are 2 ways to do ‘bookkeeping’, Single entry and Double entry. Single accounting was very common in the past and it consisted of only one entry, “Yes” or “Debt.” Dual accounting allows you to record entries in 2 books at the same time. Double accounting keeps your books on balance.

In the symphony of business finance, bookkeeping accounting harmonize to create a holistic financial narrative. While ‘bookkeeping’ diligently captures each note of the melody, ‘accounting’ conducts the orchestra, ensuring that every instrument plays in perfect harmony. Understanding the nuances of these concepts is pivotal for businesses, enabling them to compose a financial score that resonates with accuracy, insight, and success.

Accounting services for Japanese businesses in Vietnam

>>>Find out more: Cost of doing business in vietnam

3. Bookkeeping services in vietnam

In the intricate world of business operations, maintaining an accurate and well-organized financial record is paramount. As businesses grow, so do the complexities of their financial transactions and obligations. This is where S4B steps in, offering a suite of dynamic accounting services meticulously tailored to meet the diverse needs of businesses operating in Vietnam.

S4B is a company specializing in providing Accounting Services, Chief Accountant Services, Financial Reporting Services, bookkeeping accounting services, Tax Procedures Services, Tax Declaration Services Tax, Tax refund service, Tax consulting service, Tax agent service, Tax finalization service, Foreign-invested company establishment service, Public dissolution service Company, Payroll services, Services to perform tasks for foreign representative offices and other business consulting services.

At S4B, we understand that bookkeeping accounting services isn’t just about numbers – it’s about the meticulous art of financial orchestration. Our comprehensive accounting services encompass every facet of financial management, ensuring that no transaction is left unrecorded and no detail goes unnoticed. From tracking revenue and expenses to managing assets and liabilities, our seasoned professionals navigate the intricacies of financial management, allowing you to focus on what truly matters – growing your business.

Vietnam’s tax regulations can be intricate and ever-evolving. Our expert team at S4B is well-versed in the nuances of Vietnamese tax law, ensuring that your monthly tax declarations are accurate, timely, and compliant. We not only provide seamless tax declaration services but also offer the expertise of a chief accountant for your company. This comprehensive approach ensures that your financial operations are not only smooth sailing but also optimized for tax efficiency.

Our commitment to excellence extends beyond record-keeping. S4B offers a service of reviewing accounting books, ensuring that your financial records are not only accurate but also optimized for sound decision-making. With our full tax accounting services, you can rest assured that your business’s financial health is in capable hands.


  • Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
  • Tel: + 84 24 3974 4181
  • Email:

We Will Show You The Way To Success!