Enterprises when start operating will have to be divided into multiple departments to manage and operate more efficiently based on different task allocation. Depending on the characteristics of each enterprise, business structure and managerial requirement, there will be different division and task allocation.
The requirement is that all activities of each department and employee must comply with the managerial procedure to ensure efficiency and law compliance.
Therefore, enterprises need to establish a process and internal control system. On the one hand, this will serve as a guidance for job execution, on the other hand, serve as base for managers to inspect and supervise.
The fundamental process that almost every enterprise must have is:
-Procurement process
-Selling process
-Inventory process
-Cash process
-Accounting process
All process of enterprises that is digitalized to modernize execution and control is called ERP. For accounting, accounting software is an important application.
Auditing Financial Reporting
Building and implementing process for enterprises are the grounds for execution, control, inspection of business activities to ensure compliance, handling and preventing risks.
- Building standards and process in terms of human resource: recruitment, training, timekeeping.
- Building production process, product prices.
- Building business process, including: procurement, selling
- Building inventory process
- Building accounting process: cash process, receipts and expenses process, tax process
- Building wage process, award process.
Auditing For Tax Purposes
Building an internal control system is the premise for modernization of processes by information technology. Building and implementing ERP will synchronize enterprises’ managerial data and information, which helps enterprises operate more efficiently in these following aspects:
- Well-control of customer information
- Expedite production, supply of goods and services
- Better control of product, service quality and project progress
- Timely control and attain financial information
- Standardize human resource
- Strengthen the connection between departments of the company.
Compliance Audit
Accounting is an indispensable department in any enterprise. It helps the enterprise implement and comply with the laws as well as assists the manager to make more efficient and safer decisions. Therefore, applying information technology such as accounting software is crucial. The benefits for enterprises are as follows:
- Efficient storage and retrieval of financial information
- Automatize several procedures will save accountants a lot of time
- More accurate, safer data
- Optimization of accounting department
- Faster provision of managerial information
Why Choosing Our Auditing Services?
- Vinasc Group is a consulting entity and will accompany your enterprise from establishment to business operation.
- We have various services and have experience in counselling our customers effectively.
- Our employees are professionally trained and have experience in working with foreign business
- Service fees are reasonable
- We have member entities specializing in technology, implementation of technology into management and production at enterprises.
FAQ:
Having more questions?
Building and launching a system or procedure applied in an enterprise are indeed very time-consuming, depending on these factors:
-Level of complexity in the division of departments
-Level of complexity in the procedure of production, business
-Level of managerial requirements from the Board of Directors
-Level of expertise, cooperation of the employees within the system…
Henceforth, one issue is that whether such lengthy designing process affects regular activities of the enterprise? The answer is no, because:
-The enterprise can choose to build and complete each section and each department
-For human resource, the system can be joined by crucial and skilled employees first before being implemented across the whole company.
-The system can be built and operated by the consultants and delivered to the enterprise later
ERP can be simply understood as an enterprise implementing technology into operating and controlling its business. Henceforth, when the enterprise should apply ERP depends on these following factors:
-The scope and complexity of operation and control are high. For example, the enterprise has many branches, warehouses, manager who often goes on a business trip.
-The Board of Directors have higher requirement of timely inspection, control and report
-Human capability at the enterprise in terms of standardizing technology and working skills
-The willingness to invest in building a system at the enterprise
All of the factors above focus on how ready the enterprise is in investing in a better control over its business activities.
We hypothesize that the ERP program has been logically and sufficiently built to help the enterprise operate and control better. Yet, the reality is not as efficient as initially required. The reasons for this usually are:
-The departments, human resource did not comply with or insufficiently comply with the procedure
-The level of expertise is not adequate to comply with and implement the procedure
-Incurred factors not foreseen by the enterprise
-The steps of periodic inspection, control have not proven to be efficient.
Vinasc Group can counsel and build up these following languages:
-Vietnamese
-English
-Japanese
-Korean
-Chinese (traditional or simplified)
This is an incurred issue encountered by most enterprises, the reasons stem from 2 factors:
-Opinions and viewpoints of the enterprise’s manager have changed in terms of objectives, operation and control protocol.
-The expansion of the enterprise, incurring new issues regarding standardization of operation and control
Our solutions are: -Normally, all products have a period of trial and warranty. Accordingly, we have the duty to provide timely amendment as required.
-Periodic maintenance and support package is also a suitable option for the enterprise.