Mobile/Zalo
+84 (0) 903 963 163

Get exchange
professional advice now

Overview of Commercial Accounting

Business accounting is a system of collecting, processing, analyzing and providing financial information about the business activities of an enterprise. This is an important tool to help manage, operate and make effective business decisions.

What is commercial accounting?

  • Recording and storage: Record fully and accurately all economic transactions that arise.
  • Asset control: Track, manage and protect business assets
  • Provide information:  Prepare financial reports for management and stakeholders
  • Compliance with the law: Ensure business compliance with accounting and tax regulations
  • Decision support: Provide data to analyze and evaluate business performance

Characteristics of commercial accounting

Inventory management

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

Cost accounting

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

Tracking debt

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

Payment diversity

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

Complex discounting

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

Diversity Report

Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

MAN's commercial accounting services

Goods accounting

Comprehensive accounting services for all types of businesses
Learn more

Accounts receivable accounting

Comprehensive accounting services for all types of businesses
Learn more

Revenue accounting

Comprehensive accounting services for all types of businesses
Learn more

Cost accounting

Comprehensive accounting services for all types of businesses
Learn more

Commercial VAT

Comprehensive accounting services for all types of businesses
Learn more

Commercial Accounting Process

Import goods

Record purchase invoices, allocate costs, update inventory

Sell

Invoice, record revenue, calculate cost of goods sold

Income and expenditure

Manage debt, collect customer payments, pay suppliers

Report

Record purchase invoices, allocate costs, update inventory

Challenges in Commercial Accounting

Complex inventory management

Many items, many warehouses, continuous import and export of goods make inventory control difficult.

Solution: Use warehouse management software with barcodes

Bad debts

Many items, many warehouses, continuous import and export of goods make inventory control difficult.

Solution: Use warehouse management software with barcodes

Constant price fluctuations

Many items, many warehouses, continuous import and export of goods make inventory control difficult.

Solution: Use warehouse management software with barcodes

Multiple invoices and documents

Many items, many warehouses, continuous import and export of goods make inventory control difficult.

Solution: Use warehouse management software with barcodes

Commercial Accounting Process

  • Overview of management accounting
  • Management tools and techniques
  • Dashboard and management reports

Price: From 3 million/year

Learn more
  • Overview of management accounting
  • Management tools and techniques
  • Dashboard and management reports

Price: From 5 million/year

Learn more
  • Overview of management accounting
  • Management tools and techniques
  • Dashboard and management reports

Price: By project

Learn more

Free Commercial Accounting Documents

Download now useful documents for commercial accounting

Get Started with Professional Commercial Accounting

Let us advise the most suitable solution for your business

ZaloMessengerPhone

Get professional advice and consultation now!

(We will respond to you as soon as we receive your information.)
What kind of assistance do you need?