Preparing financial reports is one of the important tasks of business accounting. The following article by MISA MeInvoice will guide you on how to prepare and submit financial reports in accordance with regulations.Note: Before learning about how to prepare financial statements, if you do not clearly understand what financial statements are and what you need to know about financial statements, please refer to the article below.See more: [New] What does a financial report include? Deadline for preparing a financial reportTable of Contents Hide
1. Regulations to know when preparing annual financial statements
2. Instructions on how to prepare annual financial statements
Step 1: Arrange accounting documents
Step 2: Accounting for arising economic transactions
Step 3: Classify transactions by month and quarter
Step 4: Review and summarize transactions arising by account group
Step 5: Summary and transfer entries
Step 6: Prepare financial reports on HTKK software
3. Instructions on how to submit financial reports online
4. Regulations on deadline for submitting annual financial reports
Conclusion
1. Regulations to know when preparing annual financial statements
When preparing financial reports , accountants france telegram data must clearly identify which accounting regime their business belongs to in order to use the legal standard financial report form and avoid possible errors.
According to the provisions of current Vietnamese law, the accounting regime for micro-enterprises will be applied according to Circular 132/2018/TT-BTC or Circular 133/2016/TT-BTC; the accounting regime for small and medium-sized enterprises
will be applied according to Circular 133/2016/TT-BTC.
In there:– Micro-sized enterprises the subject is an essential link are identified as enterprises that pay corporate income tax according to the method of calculating on taxable income and the method of calculating the percentage of revenue from sales of goods and services.
– Small and medium-sized enterprises (including micro-sized enterprises) are defined as enterprises in all fields and economic sectors according to the provisions vietnam data of the law on supporting small and medium-sized enterprises, except for state-owned enterprises, enterprises in which the State owns more than 50% of the charter capital, public companies according to the provisions of the law on securities, cooperatives and cooperative unions according to the provisions of the Law on Cooperatives.
Thus, the declaration and submission of financial
reports of enterprises must comply with the following regulations:
Micro, small or medium enterprises can apply to submit annual financial reports according to Circular 133/2016/TT-BTC.
Particularly for large enterprises, the submission of annual financial reports will be subject to Circular 200/2014/TT-BTC.
2. Instructions on how to prepare annual financial statements
Enterprises can perform the following steps to prepare financial statements to ensure compliance with the principles of preparing financial statements according to legal regulations: