Demo video: Vietnam Account Balance Carry Forward
Key Features
Carry forward is an important accounting entry. It helps business measure business profit and calculate enterprise income tax.
Module l10n_vn_viin_account_balance_carry_forward, upon installation, will create account balance carry forward rules according to the Vietnam Accounting Standards.
The carry forward entries include:
- Tax payables balance carry forward (33311 –> 1331)
- Revenue deductions balance carry forward to 511
- Revenue balance carry forward (51x –> 911)
- Production costs balance carry forward to 632 (631 –> 632)
- Costs of goods sold balance carry forward (632 → 911)
- Financial expenses balance carry forward (635 –> 911)
- Selling expenses balance carry forward (641 –> 911)
- General administration expenses balance carry forward (642 –> 911)
- Other revenue balance carry forward (711 –> 911)
- Other cost balance carry forward (811 –> 911)
- Determining business results (911 –> 4212)
Besides the pre-set rules, this module also allows users to create new rules (if needed). Thanks to these utilities, accountants can easily make accurate carry forward after just a few steps.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword l10n_vn_viin_account_balance_carry_forward.
- Press Install.
How to use
Instruction video: Vietnam Account Balance Carry Forward
Check/Create the closing balance Carry Forward Rule according to Vietnamese accounting standard
On the Accounting app, navigate to Configuration > Carry Forward Rules. Here, the system has already created the most commonly used Carry forward rules according to Vietnamese accounting standards. You can check and create other rules if needed.
The above rules will be used when you carry forward the closing balance.
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