Fiscal Localization Packages

Each country around the world applies its regulations, and standards to manage and improve the development of the enterprises. To overcome the above barriers and difficulties, Viindoo has developed a package of localized accounting modules that support Accounting Systems in more than 50 countries. Viindoo is not only adding new fiscal localization packages but also constantly improving the existing packages.

Requirements

This tutorial requires the installation of the following applications/modules:

Activate the fiscal localization package in Viindoo by installing the corresponding cluster of modules for each company in different countries. Tax calculation rules, chart of accounts, fiscal position, and financial reports following the country’s regulations will be configured at the company’s database creation.

With Viindoo All-in-one Enterprise Management Solution, there are 2 ways to activate fiscal localization packages:

Automatic activation

The fiscal localization package can be activated right after you install the Invoicing or Accounting and Finance module, provided that information about the country of the Enterprise had been fulfilled before.

  • Configure company information: As you can see, we are declaring the database information for Viindoo Technology Joint Stock Company with the country is Vietnam.

Setting up the Enterprise's information in Viindo
  • Install the Invoicing and Accounting & Finance modules.

Viindoo User Interface Overview

Recently, Vietnam is applying 02 Charts of Accounts based on Circulars 200/2014/TT-BTC and 133/2016/TT-BTC. Therefore, after installing Invoicing module, Vietnam Chart of Accounts - Circular 200 and 133 modules will also be installed.

Chart of configured fiscal localization accounts in Viindoo

Next, to complete the process of activating the Accounting Fiscal Localization Package for Viindoo Technology Joint Stock Company, go to Accounting > Configuration > Settings, in the Fiscal Localization field, select the wanted Chart of Accounts. Press Save:

Configuring chart of accounts in Viindoo

Activation by installing modules

You can activate or change the fiscal localization module by searching it in the Apps module. Typing the keyword <l10n> or <l10n>_<Country code> to search for the modules that you want to install.

Warning

We can only activate or change the chart of supported fiscal localization accounts before any accounting entry is generated.

Chart of supported fiscal localization accounts in Viindoo

Example: To activate Singapore’s fiscal localization packages with the country code is “sg”, we follow these steps: Turn off the App filter, search module l10n_sg on the search bar then click Install.

Searching fiscal localization module by Country code in Viindoo

In case we are unable to determine the needed country code, we can search by Country name and then click Install.

Searching fiscal localization module by Country name in Viindoo

Now you have successfully activated the fiscal localization packages for Enterprise in Singapore. To begin configuring the Singaporian chart of accounts for the company, proceed to configure the Chart of Accounts in the Accounting app settings as shown in the previous section.

Activating Fiscal localization packages with Viindoo All-in-one Enterprise Management Solution is easy, fast, and convenient, which helps companies in not only saving time and costs, but also ensure sustainable development within the regulations and standards of local countries.