{"id":999979783,"date":"2026-01-16T22:31:37","date_gmt":"2026-01-16T15:31:37","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999979783"},"modified":"2026-01-16T22:34:41","modified_gmt":"2026-01-16T15:34:41","slug":"what-is-financial-accounting","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/","title":{"rendered":"What is financial accounting? Its nature, process, risks, and how CFOs control it using real-time data."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Financial accounting is more than just record-keeping; it&#039;s a system for generating financial reports, controlling risk, and providing data for CFO decision-making. This article explains the nature, process, metrics, and how modern businesses can automate financial accounting.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_la_gi_theo_chuan_ke_toan_va_goc_nhin_CFO\" >What is financial accounting according to accounting standards and from a CFO&#039;s perspective?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_tao_ra_gia_tri_gi_va_ai_thuc_su_su_dung_du_lieu_nay\" >What value does financial accounting create, and who actually uses this data?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Nguoi_dung_noi_bo_ra_quyet_dinh\" >1. Internal users (decision-makers)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Nguoi_dung_ben_ngoai_danh_gia_giam_sat\" >2. External users (evaluation &amp; monitoring)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Muc_tieu_cot_loi_cua_ke_toan_tai_chinh_la_gi_Tuan_thu_hay_ho_tro_ra_quyet_dinh\" >What is the core objective of financial accounting? Compliance or decision support?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Tuan_thu_%E2%80%93_nen_tang_bat_buoc_khong_the_bo\" >1. Compliance \u2013 a mandatory foundation that cannot be abandoned.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Ho_tro_ra_quyet_dinh_%E2%80%93_gia_tri_gia_tang_that_su\" >2. Decision support \u2013 real added value<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_khac_ke_toan_quan_tri_va_FP_A_o_diem_nao_trong_thuc_te_van_hanh\" >How does financial accounting differ from management accounting and FP&amp;A in practical operations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Quy_trinh_chuan_ve_ke_toan_tai_chinh_la_gi_trong_doanh_nghiep_di_tu_chung_tu_den_bao_cao_nhu_the_nao\" >What is the standard financial accounting process in a business, from documentation to reporting?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Phat_sinh_thu_thap_chung_tu_Source_documents\" >1. Source Document Generation and Collection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Kiem_soat_%E2%80%93_phe_duyet_chung_tu_Pre-control\" >2. Document control and approval (Pre-control)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3_Ghi_nhan_ke_toan_Recording_Posting\" >3. Accounting Records (Recording &amp; Posting)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#4_Doi_soat_dieu_chinh_Reconciliation_Adjustment\" >4. Reconciliation &amp; Adjustment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#5_Khoa_so_ke_toan_Closing\" >5. Closing the accounting books<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#6_Lap_phan_tich_bao_cao_tai_chinh_Reporting\" >6. Financial Reporting and Analysis<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Rui_ro_tu_hoa_don_va_chung_tu_dau_cho_ke_toan_tai_chinh_la_gi\" >What are the risks associated with invoices and supporting documents for financial accounting?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Rui_ro_phap_ly_thue_Compliance_Risk\" >1. Legal &amp; Tax Risks (Compliance Risk)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Rui_ro_sai_lech_bao_cao_tai_chinh_Misstatement_Risk\" >2. Misstatement Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3_Rui_ro_that_thoat_chi_phi_gian_lan_Spend_Leakage_Fraud\" >3. Risks of Expense Loss &amp; Fraud (Spend Leakage &amp; Fraud)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#4_Rui_ro_cong_no_dong_tien_ARAP_Cashflow_Risk\" >4. Accounts Receivable\/Amount-Acceptable Payable &amp; Cash Flow Risk (AR\/AP &amp; Cashflow Risk)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#5_Rui_ro_van_hanh_con_nguoi_Operational_Risk\" >5. Operational &amp; Human Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#6_Rui_ro_cham_thong_tin_Timeliness_Risk\" >6. Timeliness Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Loi_the_khi_ap_dung_Bizzi_de_tranh_rui_ro_hoa_don_dau_vao\" >Advantages of using Bizzi to avoid input invoice risks.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Buoc_1_Bizzi_Bot_tu_dong_nhan_hoa_don_tu_email_cong_e-invoice\" >Step 1. Bizzi Bot automatically receives invoices from email\/e-invoice portal.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Buoc_2_OCR_trich_xuat_du_lieu_hoa_don\" >Step 2. OCR extracts invoice data.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Buoc_3_Tu_dong_kiem_tra_MST_trang_thai_NCC_tinh_hop_le_hoa_don\" >Step 3. Automatically check the Tax Identification Number (TIN), supplier status, and invoice validity.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Buoc_4_Canh_bao_rui_ro_truoc_khi_ghi_nhan_chi_phi\" >Step 4. Warning about risks before recording expenses.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_quan_tri_cong_no_ARAP_anh_huong_the_nao_den_dong_tien_doanh_nghiep\" >How does Accounts Receivable\/Accounts Payable (AR\/AP) accounting affect a company&#039;s cash flow?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Quan_tri_AR_Accounts_Receivable_%E2%80%93_tien_co_ve_dung_han_khong\" >1. Accounts Receivable (AR) Management \u2013 Are the funds being received on time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Quan_tri_AP_Accounts_Payable_%E2%80%93_tien_di_co_dung_luc_khong\" >2. Managing Accounts Payable (AP) \u2013 Is the money being spent at the right time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3_Moi_lien_he_ARAP_voi_Cashflow_Working_Capital\" >3. The relationship between AR\/AP and Cashflow &amp; Working Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#4_Rui_ro_khi_ke_toan_tai_chinh_quan_tri_ARAP_kem\" >4. Risks associated with poor AR\/AP (Audit, Financial, and Administrative) accounting.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Bizzi_ARM_giup_CFO_nhin_thay_va_dieu_khien_cong_no_theo_thoi_gian_gan_thuc\" >Bizzi ARM helps CFOs see and manage accounts receivable in near real-time.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Tu_dong_theo_doi_tuoi_no_ARAP_Aging\" >1. Automatic debt aging tracking (AR\/AP Aging)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Nhac_no_doi_soat_cong_no_tu_dong\" >2. Automated debt reminders and reconciliation.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3_CFO_theo_doi_DSODPO_gan_real-time\" >3. The CFO monitors DSO\/DPO in near real-time.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_40_la_gi_va_tu_dong_hoa_giup_giam_80_nhap_lieu_ra_sao\" >What is Financial Accounting 4.0 and how does automation help reduce data entry?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_40_la_gi\" >What is Financial Accounting 4.0?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Tu_dong_hoa_giup_giam_80_nhap_lieu_nhu_the_nao\" >How does automation help reduce 80% data entry?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Tu_dong_thu_thap_chung_tu\" >1. Automatically collect documents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_OCR_AI_trich_xuat_du_lieu\" >2. OCR &amp; AI data extraction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3_Kiem_tra_doi_soat_tu_dong\" >3. Automated verification and reconciliation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#4_Tu_dong_hach_toan_day_du_lieu\" >4. Automatic accounting and data pushing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ky_nang_va_cong_cu_doanh_nghiep_hien_dai_yeu_cau_ke_toan_tai_chinh_la_gi\" >What skills and tools does a modern business require of a financial accountant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#1_Ky_nang_cot_loi_cua_ke_toan_tai_chinh_hien_dai\" >1. Core skills of modern financial accounting<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#11_Ky_nang_tuan_thu_chuan_muc_Compliance_skills\" >1.1. Compliance skills<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#12_Ky_nang_quan_tri_so_lieu_ra_quyet_dinh_Decision-support_skills\" >1.2. Data management and decision-support skills<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#13_Ky_nang_kiem_soat_rui_ro_noi_bo\" >1.3. Risk Control &amp; Internal Management Skills<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#2_Ky_nang_cong_nghe_du_lieu_bat_buoc_trong_ke_toan_40\" >2. Technology &amp; Data Skills (required in Accounting 4.0)<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#21_Tu_dong_hoa_ke_toan\" >2.1. Accounting Automation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#22_Ky_nang_du_lieu_bao_cao\" >2.2. Data &amp; Reporting Skills<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#FAQ_%E2%80%93_Nhung_cau_hoi_CFO_va_Ke_toan_thuong_gap_ve_ke_toan_tai_chinh_la_gi\" >FAQ \u2013 What are some frequently asked questions from CFOs and Accountants about financial accounting?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Lam_sao_giam_80_thoi_gian_nhap_lieu_ma_van_dam_bao_chinh_xac\" >How can I reduce data entry time for 80% while maintaining accuracy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#3-way_matching_giup_ngan_gian_lan_noi_bo_nhu_the_nao\" >How does 3-way matching help prevent internal fraud?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Lam_sao_kiem_soat_chi_phi_theo_thoi_gian_thuc_thay_vi_cuoi_thang\" >How can we control expenses in real time instead of at the end of the month?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Lam_the_nao_phat_hien_nha_cung_cap_rui_ro_truoc_khi_thanh_toan\" >How can I identify a risky supplier before making a payment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Chuyen_doi_so_ke_toan_tai_chinh_anh_huong_gi_den_Free_Cash_Flow\" >How does digital transformation in accounting and finance affect free cash flow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-58\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ke_toan_tai_chinh_khac_ke_toan_thue_o_diem_nao_de_nham_nhat\" >What are the most common differences between financial accounting and tax accounting that are easily confused?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-59\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Doanh_nghiep_nho_co_can_tu_dong_hoa_ke_toan_tai_chinh_khong\" >Do small businesses need to automate their financial accounting?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-60\" href=\"https:\/\/bizzi.vn\/en\/what-is-financial-accounting\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_la_gi_theo_chuan_ke_toan_va_goc_nhin_CFO\"><\/span><b>What is financial accounting according to accounting standards and from a CFO&#039;s perspective?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial accounting is a system for recording, classifying, summarizing, and presenting a company&#039;s financial information according to accounting standards and legal regulations, aiming to reflect the company&#039;s financial situation, business results, and cash flow over a specific period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to accounting standards: Financial accounting is the accounting system used to prepare and present financial reports to external stakeholders. For the CFO, financial accounting is not just for reporting, but is the living data foundation for financial decisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although they share the same concept, accounting standards and the CFO&#039;s perspective approach financial accounting with different objectives.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>Accounting standards<\/b><\/td>\n<td><b>CFO perspective<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Target<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Compliance &amp; Reporting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Decision &amp; Control<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Object<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Outside the business<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Board of Directors<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Time<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Past<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Present &amp; near future<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Frequency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">By period<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Near real-time<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Focus<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Revenue, expenses<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cash, risk, volatility<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Correct - sufficient<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Correct \u2013 Fast \u2013 Usable<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_tao_ra_gia_tri_gi_va_ai_thuc_su_su_dung_du_lieu_nay\"><\/span><b>What value does financial accounting create, and who actually uses this data?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Financial accounting creates a \u201cstandardized and legally binding source of data.\u201d<span style=\"font-weight: 400;\">, help businesses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluate <\/span>financial efficiency<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Control <a href=\"https:\/\/bizzi.vn\/hoa-don-rui-ro-la-gi\/\">risk invoice<\/a> or others\u00a0<span style=\"font-weight: 400;\">expenses, liabilities, taxes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Governance and financing decisions<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Ensuring compliance with the law<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The core values of financial accounting <\/span>It&#039;s not about the bookkeeping.<span style=\"font-weight: 400;\">, which lies in the fact that: <\/span>Transforming transaction data into reliable information for decision-making and demonstrating legal liability.<span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Financial accounting provides standardized data to CFOs, management, banks, investors, and tax authorities to assess performance, control risks, and ensure legal compliance.<\/span><\/p>\n<figure id=\"attachment_999979785\" aria-describedby=\"caption-attachment-999979785\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999979785 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-1.jpeg\" alt=\"What is financial accounting?\" width=\"1024\" height=\"577\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-1.jpeg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-1-300x169.jpeg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-1-768x433.jpeg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-1-18x10.jpeg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999979785\" class=\"wp-caption-text\">Financial accounting is not just about record-keeping; it&#039;s a system for generating financial reports, controlling risks, and providing data for the CFO&#039;s decision-making.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"1_Nguoi_dung_noi_bo_ra_quyet_dinh\"><\/span><b>1. Internal users (decision-makers)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0Internally, financial accounting is input for management and operations, not just end-of-period reporting.<\/span><\/p>\n<table style=\"width: 94.294%; height: 96px;\">\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">Object<\/span><\/td>\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">What do they use the data for?<\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">CFO<\/span><\/td>\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">Control costs, cash flow, <a href=\"https:\/\/bizzi.vn\/cong-no-la-gi-khai-niem-phan-loai-tam-quan-trong-va-cach-quan-ly-hieu-qua\/\">debt<\/a>, invoice\/tax risk; tracking Target vs Actual; forecast<\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">CEO \/ Board of Directors<\/span><\/td>\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">Assessing financial health, profitability, scalability, and strategic decision-making.<\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">FP&amp;A<\/span><\/td>\n<td style=\"height: 24px;\"><span style=\"font-weight: 400;\">Budgeting, variance analysis, financial modeling, cash flow forecasting<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"2_Nguoi_dung_ben_ngoai_danh_gia_giam_sat\"><\/span><b>2. External users (evaluation &amp; monitoring)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0From an external perspective, financial accounting is <\/span><b>legal evidence and belief<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<table>\n<thead>\n<tr>\n<th><b>Object<\/b><\/th>\n<th><b>What are they interested in?<\/b><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><b>Bank<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Ability to repay debt, cash flow, and data reliability are factors in credit granting.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Investors<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Profitability, profit margin, transparency, financial risk<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Tax authority<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Compliance, valid invoices, and legally compliant revenue and expenses.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">In short, financial accounting creates value when its data is used to control risk, protect cash flow, and support decision-making \u2013 not just for filing reports.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Muc_tieu_cot_loi_cua_ke_toan_tai_chinh_la_gi_Tuan_thu_hay_ho_tro_ra_quyet_dinh\"><\/span><b>What is the core objective of financial accounting? Compliance or decision support?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial accounting must both ensure compliance with standards and laws and provide timely data to support management decisions, especially those related to costs, cash flow, and risk. Financial accounting has two parallel, non-exclusive objectives:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decision support<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The issue isn&#039;t about choosing one over the other, but rather: Is the business merely meeting minimum compliance standards, or has it leveraged financial accounting data for management purposes?<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Tuan_thu_%E2%80%93_nen_tang_bat_buoc_khong_the_bo\"><\/span><strong>1. Compliance \u2013 a mandatory foundation that cannot be abandoned.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Financial Accounting <\/span><b>Right<\/b><span style=\"font-weight: 400;\"> ensure:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Accounting standards<\/b><span style=\"font-weight: 400;\">: VAS \/ IFRS<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax law<\/b><span style=\"font-weight: 400;\">VAT, corporate income tax, personal income tax<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Documentation &amp; Archiving<\/b><span style=\"font-weight: 400;\">: invoices, contracts, original documents, retention period<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If <\/span><b>non-compliance<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Businesses face the risk of tax penalties, back taxes, and damage to reputation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The CFO has no &quot;legal shield&quot; for financial decisions.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Ho_tro_ra_quyet_dinh_%E2%80%93_gia_tri_gia_tang_that_su\"><\/span><strong>2. Decision support \u2013 real added value<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Financial Accounting <\/span><b>only create management value<\/b><span style=\"font-weight: 400;\"> when the data meets 3 criteria: <\/span><b>Accuracy \u2013 Timeliness \u2013 Consistency<\/b><\/p>\n<p><span style=\"font-weight: 400;\">CFOs make decisions using financial accounting data:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Expense<\/b><span style=\"font-weight: 400;\">Where did the budget overrun occur? At which stage did the leakage happen?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Accounts Payable\/Amounts Payable (AR\/AP)<\/b><span style=\"font-weight: 400;\">: <a href=\"https:\/\/bizzi.vn\/dso-la-gi\">DSO<\/a>DPO, aging, collection risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cash flow<\/b><span style=\"font-weight: 400;\">: money <\/span><i><span style=\"font-weight: 400;\">already spent<\/span><\/i><span style=\"font-weight: 400;\">, <\/span><i><span style=\"font-weight: 400;\">spending<\/span><\/i><span style=\"font-weight: 400;\">, <\/span><i><span style=\"font-weight: 400;\">Not recorded<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Profit<\/b><span style=\"font-weight: 400;\">Actual margin vs. accounting margin<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_khac_ke_toan_quan_tri_va_FP_A_o_diem_nao_trong_thuc_te_van_hanh\"><\/span><b>How does financial accounting differ from management accounting and FP&amp;A in practical operations?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding the fundamental nature of financial accounting is essential for CFOs to differentiate it from related concepts. Below is a practical, operational, and CFO-oriented (Finance Ops) perspective.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Criteria<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Financial Accounting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Management accounting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">FP&amp;A<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Target<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Compliance &amp; Transparency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Control &amp; Optimization<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Forecasting &amp; Decision Making<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Time<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Past<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Present<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Future<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Standard<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Obligatory<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Internal<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Model<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">&quot;That&#039;s right.&quot;<\/span><\/td>\n<td><span style=\"font-weight: 400;\">&quot;No waste&quot;<\/span><\/td>\n<td><span style=\"font-weight: 400;\">&quot;Going in the right direction&quot;<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Example: The same marketing invoice of 500 million:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial accounting: Is the invoice valid? Which account should it be recorded in? How will the tax authorities handle it?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management accounting: Which campaign does this expense belong to? Is it over budget? Who approved it?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FP&amp;A: If this spending pace continues, what will be the difference between P&amp;L and cash flow at the end of the quarter?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In short:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial accounting helps businesses avoid breaking the law.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management accounting helps businesses avoid waste.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FP&amp;A helps businesses avoid going in the wrong direction.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979786\" aria-describedby=\"caption-attachment-999979786\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979786\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-scaled.png\" alt=\"What is financial accounting?\" width=\"1200\" height=\"608\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-scaled.png 2560w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-300x152.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-1024x519.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-768x389.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-1536x778.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-2048x1037.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/ke-toan-tai-chinh-la-gi-3-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999979786\" class=\"wp-caption-text\">Financial accounting helps businesses avoid legal violations. Management accounting helps businesses avoid waste.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_chuan_ve_ke_toan_tai_chinh_la_gi_trong_doanh_nghiep_di_tu_chung_tu_den_bao_cao_nhu_the_nao\"><\/span><b>What is the standard financial accounting process in a business, from documentation to reporting?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial accounting is not just a series of bookkeeping operations, but a process of controlling data from source to report, enabling businesses to both comply with the law and make timely decisions.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Phat_sinh_thu_thap_chung_tu_Source_documents\"><\/span><strong>1. Source Document Generation and Collection<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Source of documentation:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Input\/Output Invoices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contract, Purchase Order, Acceptance Certificate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receipts and payment vouchers, bank statements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payroll, cost allocation<\/span><\/li>\n<\/ul>\n<p><b>Standard requirements:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legally valid (taxes, electronic invoices)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sufficient information: Supplier, price, tax, date, content<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have <\/span><b>business owner<\/b><span style=\"font-weight: 400;\"> (owner)<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Kiem_soat_%E2%80%93_phe_duyet_chung_tu_Pre-control\"><\/span><strong>2. Document control and approval (Pre-control)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Target:<span style=\"font-weight: 400;\"> control <\/span>before recording<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Invoice \u2194 Contract \u2194 Purchase Order (3-way matching)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Within budget? Within authority?<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Workflow approval<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is the step <\/span>often overlooked<span style=\"font-weight: 400;\">, but the decision: the business <\/span>Is the expenditure correct or incorrect?<span style=\"font-weight: 400;\">, not an accountant.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Ghi_nhan_ke_toan_Recording_Posting\"><\/span><strong>3. Accounting Records (Recording &amp; Posting)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Accounting entries according to VAS\/IFRS<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Classify:\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\">Costs vs. Assets<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\">OPEX vs CAPEX<\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Note:\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\">According to accrual accounting.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\">Not following the cash flow<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Principle: Recording at the right time is more important than recording quickly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Doi_soat_dieu_chinh_Reconciliation_Adjustment\"><\/span><strong>4. Reconciliation &amp; Adjustment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Required reconciliations:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts Receivable (AR) \u2013 Aging<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts Payable (AP)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank statement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxes \u2013 invoices<\/span><\/li>\n<\/ul>\n<p><b>Final adjustments:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accrual \/ prepaid<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Depreciation, allocation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preventive<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you skip this step \u2192 report <\/span><i><span style=\"font-weight: 400;\">correct register<\/span><\/i><span style=\"font-weight: 400;\"> But <\/span><b>incorrect in nature<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Khoa_so_ke_toan_Closing\"><\/span><strong>5. Closing the accounting books<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finalize data by period (month\/quarter\/year).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No edits outside of the established process are allowed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare a closing record.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">What the CFO is interested in:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Closing cycle time<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The faster the data, the more usable it is for decision-making.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"6_Lap_phan_tich_bao_cao_tai_chinh_Reporting\"><\/span><strong>6. Financial Reporting and Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Required report:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Balance Sheet<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Income Statement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash Flow Statement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Notes to financial statements<\/span><\/li>\n<\/ul>\n<p><b>Report to management:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost vs. Budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR\/AP &amp; Cash Flow<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Variance analysis<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Report <\/span><b>only has value<\/b><span style=\"font-weight: 400;\"> when: correct + timely + explainable.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rui_ro_tu_hoa_don_va_chung_tu_dau_cho_ke_toan_tai_chinh_la_gi\"><\/span><b>What are the risks associated with invoices and supporting documents for financial accounting?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">All financial reporting discrepancies, tax risks, or expense losses originate from invoices and input documents. Incorrect invoices, risky suppliers, or manual data entry can distort expenses, create tax risks, and prolong closing times, directly impacting the reliability of financial reporting.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Rui_ro_phap_ly_thue_Compliance_Risk\"><\/span><strong>1. Legal &amp; Tax Risks (Compliance Risk)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Input invoices can cause:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">VAT is not deductible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expenses disallowed during corporate income tax settlement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collection of arrears, penalties for late payment, administrative fines.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Common causes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invalid\/Incorrect Invoice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NCC is at risk, has absconded, or has ceased operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The documents are insufficient to prove the expenses.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is a risk that directly impacts the company&#039;s P&amp;L and reputation.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Rui_ro_sai_lech_bao_cao_tai_chinh_Misstatement_Risk\"><\/span><strong>2. Misstatement Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Incorrect invoice \u2192 incorrect recording:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cut-off<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect account<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect classification of costs versus assets.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consequences:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Profits are distorted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The costs do not accurately reflect the activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CFOs make decisions based on data. <\/span><i><span style=\"font-weight: 400;\">unreal<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Reporting that is &quot;correct in the records&quot; but inaccurate in substance is the most dangerous risk.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Rui_ro_that_thoat_chi_phi_gian_lan_Spend_Leakage_Fraud\"><\/span><strong>3. Risks of Expense Loss &amp; Fraud (Spend Leakage &amp; Fraud)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Common scenarios:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Duplicate invoice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice with inflated prices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Off-budget expenditures<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal collusion \u2013 suppliers<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you only check after payment, then: Fraud is already done, the money is gone, and the risk of recovery is irretrievable.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Rui_ro_cong_no_dong_tien_ARAP_Cashflow_Risk\"><\/span><strong>4. Accounts Receivable\/Amount-Acceptable Payable &amp; Cash Flow Risk (AR\/AP &amp; Cashflow Risk)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0The CFO has lost the ability to forecast real cash flow.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect AP recording \u2192 Incorrect DPO \u2192 Unbalanced cash flow<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Late bills \u2192 insufficient accrual \u2192 accumulated costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Late payments \u2192 lose discount or incur penalties.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"5_Rui_ro_van_hanh_con_nguoi_Operational_Risk\"><\/span><strong>5. Operational &amp; Human Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Hidden costs: labor hours + stress + audit risk<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manual data entry \u2192 high error rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Disjointed processes \u2192 untraceable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Personal dependence \u2192 taking a break is a problem.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"6_Rui_ro_cham_thong_tin_Timeliness_Risk\"><\/span><strong>6. Timeliness Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The bill arrived late.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Slow browsing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Delayed recording<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consequences:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The report was released late.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Failure to intervene in time to cover costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Missed opportunity to adjust cash flow during the period.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Loi_the_khi_ap_dung_Bizzi_de_tranh_rui_ro_hoa_don_dau_vao\"><\/span><b>Advantages of using Bizzi to avoid input invoice risks.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Bizzi helps shift invoice control from \u201ccorrecting errors after recording\u201d to \u201cpreventing risk before expenses are recognized and paid.\u201d Bizzi not only helps process invoices faster, but also helps CFOs control invoice risk right from the start \u2013 before expenses impact profits and cash flow.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Buoc_1_Bizzi_Bot_tu_dong_nhan_hoa_don_tu_email_cong_e-invoice\"><\/span><strong>Step 1. Bizzi Bot automatically receives invoices from email\/e-invoice portal.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The problem with handmade crafts.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lost or misplaced invoices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sent to the wrong person, slow processing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No control logs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi&#039;s advantage<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidate 100% invoices into one point.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There are traces of receipt (timestamp, sender).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce personal dependence<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979674\" aria-describedby=\"caption-attachment-999979674\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979674 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-3.png\" alt=\"What is financial accounting?\" width=\"1024\" height=\"530\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-3.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-3-300x155.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-3-768x398.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-3-18x9.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999979674\" class=\"wp-caption-text\">Bizzi Bot automatically receives invoices from email\/e-invoice portal.<\/figcaption><\/figure>\n<h4><span class=\"ez-toc-section\" id=\"Buoc_2_OCR_trich_xuat_du_lieu_hoa_don\"><\/span><strong>Step 2. OCR extracts invoice data.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Problems when entering data manually<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect Tax Identification Number (TIN), incorrect amount, incorrect tax rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It wastes accounting time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficult to expand as volume increases.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi&#039;s advantage<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic extraction: Tax ID, invoice number, date, value, VAT<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Normalize data from the start.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce data entry errors.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Buoc_3_Tu_dong_kiem_tra_MST_trang_thai_NCC_tinh_hop_le_hoa_don\"><\/span><strong>Step 3. Automatically check the Tax Identification Number (TIN), supplier status, and invoice validity.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Common problem<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NCC is at risk and has ceased operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invalid invoices are still being processed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Discovering errors during\u2026 tax settlement<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi&#039;s advantage<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Does MST exist?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">NCC status (active\/risky)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Invoice validity<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic comparison, independent of personal experience.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Buoc_4_Canh_bao_rui_ro_truoc_khi_ghi_nhan_chi_phi\"><\/span><strong>Step 4. Warning about risks before recording expenses.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Traditional issues<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Errors discovered after accounting entries have been made or payments have been processed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The flow of money cannot be reversed.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi&#039;s advantage<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Early warning:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Duplicate invoice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">NCC risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Abnormal data<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allow:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Recording temporarily suspended.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Request for additional\/replacement invoice<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_quan_tri_cong_no_ARAP_anh_huong_the_nao_den_dong_tien_doanh_nghiep\"><\/span><b>How does Accounts Receivable\/Accounts Payable (AR\/AP) accounting affect a company&#039;s cash flow?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cash flow does not depend on accounting profit, but rather on how the business manages AR\/AP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Financial accounting is where:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record accounts receivable accurately, completely, and on time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tracking debt aging<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providing data for the CFO to manage actual cash flow.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"1_Quan_tri_AR_Accounts_Receivable_%E2%80%93_tien_co_ve_dung_han_khong\"><\/span><b>1. Accounts Receivable (AR) Management \u2013 Are the funds being received on time?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The role of financial accounting<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record revenue and accounts receivable at the right time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor <\/span><b>aging AR<\/b><span style=\"font-weight: 400;\"> according to:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Client<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Payment terms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Risk group<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Detect:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Overdue debt<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Bad debts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Invoice-contract discrepancies<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Impact on cash flow<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR increases \u2192 money <\/span><b>Not back yet<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSO increases \u2192 cash gets stuck<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue is recorded but no payment is received \u2192 <\/span><b>illusory profits<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The CFO can only <\/span><b>push to collect money<\/b><span style=\"font-weight: 400;\"> when AR data is timely and reliable.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Quan_tri_AP_Accounts_Payable_%E2%80%93_tien_di_co_dung_luc_khong\"><\/span><b>2. Managing Accounts Payable (AP) \u2013 Is the money being spent at the right time?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The role of financial accounting<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record all APs (including invoices that have not yet arrived \u2013 accrual).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor <\/span><b>aging AP<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Control:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Pay on time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Avoid duplicate payments and unnecessary early payments.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Impact on cash flow<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Poor AP management \u2192 early payment \u2192 quick cash out<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AP notes a shortfall \u2192 cash flow &quot;taken by surprise&quot;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The payment terms were not taken advantage of.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Good AP management = <\/span><b>Keep your money longer without violating your commitment.<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Moi_lien_he_ARAP_voi_Cashflow_Working_Capital\"><\/span><b>3. The relationship between AR\/AP and Cashflow &amp; Working Capital<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Cash = Quick Collection (DSO) + Time Payment (DPO) \u2013 Reasonable Inventory<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Index<\/b><\/td>\n<td><b>Meaning<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>DSO<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Cash collection rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>DPO<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Payment speed<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>CCC<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Currency conversion cycle<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"4_Rui_ro_khi_ke_toan_tai_chinh_quan_tri_ARAP_kem\"><\/span><b>4. Risks associated with poor AR\/AP (Audit, Financial, and Administrative) accounting.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash flow report <\/span><b>does not reflect real money.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The CFO failed to forecast capital needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We had to take out short-term loans because our cash was tied up.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increased liquidity risk<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is why CFOs care. <\/span><b>The aging report is better than the P&amp;L.<\/b><span style=\"font-weight: 400;\"> at various times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Common problems faced by CFOs stem from:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable are only reviewed at the end of the month.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aging discrepancies due to delayed invoices and reconciliation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSO\/DPO only &quot;see&quot; the problem when it&#039;s too late to intervene.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Bizzi_ARM_giup_CFO_nhin_thay_va_dieu_khien_cong_no_theo_thoi_gian_gan_thuc\"><\/span><b>Bizzi ARM helps CFOs see and manage accounts receivable in near real-time.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"1_Tu_dong_theo_doi_tuoi_no_ARAP_Aging\"><\/span><strong>1. Automatic debt aging tracking (AR\/AP Aging)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>Bizzi ARM:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Update the debt age as follows:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Bill<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Payment terms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Reconciliation status<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Subgroups:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Not yet due<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The deadline is approaching.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Overdue<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"2_Nhac_no_doi_soat_cong_no_tu_dong\"><\/span><strong>2. Automated debt reminders and reconciliation.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>For AR (receivables):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remind me of my debt before the due date.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track customer feedback.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record the payment status.<\/span><\/li>\n<\/ul>\n<p><b>For AP (paid):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice reconciliation \u2013 accounts payable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid duplicate payments and unnecessary early payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare a payment plan.<\/span><\/li>\n<\/ul>\n<p><b>CFO value<\/b><span style=\"font-weight: 400;\">: reduce <\/span><b>DSO<\/b><span style=\"font-weight: 400;\"> without losing customers, increase <\/span><b>DPO<\/b><span style=\"font-weight: 400;\"> under control.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_CFO_theo_doi_DSODPO_gan_real-time\"><\/span><strong>3. The CFO monitors DSO\/DPO in near real-time.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">CFOs can:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Early intervention for high-risk customers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjust supplier payment schedule.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash flow decision-making <\/span><b>during the period<\/b><span style=\"font-weight: 400;\">, not after the period<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_40_la_gi_va_tu_dong_hoa_giup_giam_80_nhap_lieu_ra_sao\"><\/span><b>What is Financial Accounting 4.0 and how does automation help reduce data entry?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Accounting Industry 4.0 applies AI and RPA to automate invoice processing, reconciliation, and recording, reducing manual data entry, increasing accuracy, and providing real-time data for CFOs.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_40_la_gi\"><\/span><strong>What is Financial Accounting 4.0?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Financial Accounting 4.0 is an accounting model in which:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data is collected, checked, verified, and recorded primarily through automation and AI.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accountants are shifting their roles from data entry and error correction to control, analysis, and decision support.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The CFO receives timely, accurate, and traceable data.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In short: Accounting 4.0 = Compliance + Decision-support + Automation<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tu_dong_hoa_giup_giam_80_nhap_lieu_nhu_the_nao\"><\/span><b>How does automation help reduce 80% data entry?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Automation doesn&#039;t replace accountants, but rather replaces the data entry work of accountants. The value of Financial Accounting 4.0 lies in:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Better control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make decisions faster.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Less risk<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"1_Tu_dong_thu_thap_chung_tu\"><\/span><span style=\"font-weight: 400;\">1. Automatically collect documents<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The bot receives invoices from:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Email<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">e-invoice portal<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No longer available:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Download by hand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Save as separate files<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Reduced data entry = no need to retype existing information.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_OCR_AI_trich_xuat_du_lieu\"><\/span><span style=\"font-weight: 400;\">2. OCR &amp; AI data extraction<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Auto-read:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">MST<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Some bills<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Day<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Value<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Tax<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Format standardization<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"3_Kiem_tra_doi_soat_tu_dong\"><\/span><span style=\"font-weight: 400;\">3. Automated verification and reconciliation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">MST<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">NCC status<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Duplicate invoices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Amount discrepancy<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3-way matching (PO \u2013 GR \u2013 Invoice)<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"4_Tu_dong_hach_toan_day_du_lieu\"><\/span><span style=\"font-weight: 400;\">4. Automatic accounting and data pushing<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account mapping, tax rates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Move accounting entries to ERP.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep audit trail<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Data entry is replaced by review and exception handling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In summary, Financial Accounting 4.0 helps businesses reduce data entry by 80% in exchange for increased control and timely decision-making capabilities. Bizzi is a platform that helps financial accounting transition to the 4.0 model: less data entry \u2013 more control \u2013 data usable for decision-making.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Step 1: Bot receives the invoice.<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The bot automatically collects invoices from: Accounting email, Electronic invoice portal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Attach a timestamp and source information.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Step 2: OCR extraction<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">OCR + AI extraction: Tax code, invoice number, date; Pre-tax value, VAT, total amount<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Data format normalization<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Step 3: 3-way matching PO\u2013GR\u2013Invoice<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Automatic reconciliation: Purchase Order (PO), Receipt of Acceptance\/Delivery Report (GR), Invoice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Warning about discrepancies in Price \u2013 Quantity \u2013 Tax<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Push data to ERP\/accounting<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Account mapping, tax rates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Data transfer to: ERP, Accounting software<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Maintain consistent accounting logic.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 5: Archive and audit trail<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Store original invoices and documents.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Record the entire history: Receive \u2013 process \u2013 approve \u2013 edit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Ready for tax audits and inspections.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<figure id=\"attachment_999979673\" aria-describedby=\"caption-attachment-999979673\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999979673\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi.webp\" alt=\"What is financial accounting?\" width=\"1200\" height=\"762\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi.webp 2362w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-300x191.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-1024x650.webp 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-768x488.webp 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-1536x975.webp 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-2048x1301.webp 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/01\/hoa-don-rui-ro-la-gi-18x12.webp 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999979673\" class=\"wp-caption-text\">Bizzi Bot automatically verifies validity and warns of risky invoices.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Ky_nang_va_cong_cu_doanh_nghiep_hien_dai_yeu_cau_ke_toan_tai_chinh_la_gi\"><\/span><b>What skills and tools does a modern business require of a financial accountant?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In modern businesses, financial accounting is no longer just a &quot;bookkeeping department&quot; but a data pillar for the CFO and the Executive Board. Therefore, skills and tools need to be viewed in three layers: foundation \u2013 analysis \u2013 technology.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Modern financial accounting requires a combination of standard knowledge, data control skills, and the ability to use digital tools to ensure accurate, timely, and audit-ready reporting.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Ky_nang_cot_loi_cua_ke_toan_tai_chinh_hien_dai\"><\/span><strong>1. Core skills of modern financial accounting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"11_Ky_nang_tuan_thu_chuan_muc_Compliance_skills\"><\/span><span style=\"font-weight: 400;\">1.1. Compliance skills<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understand and apply:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">VAS \/ IFRS (at a practical level, not just theoretical)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Tax laws: VAT, Corporate Income Tax, Personal Income Tax<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage and store documents and invoices properly and legally.<\/span><\/li>\n<\/ul>\n<p><b>Key metrics that CFOs care about.<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No retroactive collection\/penalties.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Audit pass<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clear contact tracing record<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"12_Ky_nang_quan_tri_so_lieu_ra_quyet_dinh_Decision-support_skills\"><\/span><span style=\"font-weight: 400;\">1.2. Data management and decision-support skills<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">A good financial accountant must be able to &quot;talk business with numbers.&quot;<\/span><\/i><span style=\"font-weight: 400;\">. Skill <\/span><b>Required:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understanding accounting data serves the following purposes:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cost management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Accounts Receivable\/Amounts Payable (AR\/AP)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cash flow<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Read and explain:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">P&amp;L<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Balance Sheet<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cash Flow<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Important mindset<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">From \u201caccurate recording\u201d \u2192 \u201caccurate and timely recording\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Know how to ask questions:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Are these costs ballooning?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Are DSO\/DPO pulling or pushing the money flow?<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"13_Ky_nang_kiem_soat_rui_ro_noi_bo\"><\/span><span style=\"font-weight: 400;\">1.3. Risk Control &amp; Internal Management Skills<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identifying risks:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Invalid invoice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Risk provider<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Off-period expenses<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understanding and operation:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">3-way matching<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Authorization \u2013 approval<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Audit trail<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Accountants don&#039;t just do numbers; they act as &quot;gatekeepers.&quot;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Ky_nang_cong_nghe_du_lieu_bat_buoc_trong_ke_toan_40\"><\/span><strong>2. Technology &amp; Data Skills (required in Accounting 4.0)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0The data entry clerk will be replaced, but the system administrator will not.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"21_Tu_dong_hoa_ke_toan\"><\/span><span style=\"font-weight: 400;\">2.1. Accounting Automation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understand how:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">OCR invoices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Bot collects documents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Auto-posting<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Learn how to handle exceptions instead of manually entering 100%<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"22_Ky_nang_du_lieu_bao_cao\"><\/span><span style=\"font-weight: 400;\">2.2. Data &amp; Reporting Skills<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Excel (pivot, power query)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Basic BI (Power BI \/ Looker \/ Tableau \u2013 at the reading and interpretation level)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understanding the logic of indices:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">DSO, DPO, CCC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Gross margin, operating margin<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Accountants in the 4.0 era don&#039;t need to be data scientists, but they must be able to read dashboards.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_%E2%80%93_Nhung_cau_hoi_CFO_va_Ke_toan_thuong_gap_ve_ke_toan_tai_chinh_la_gi\"><\/span><b>FAQ \u2013 What are some frequently asked questions from CFOs and Accountants about financial accounting?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Below is a compilation of answers to some frequently asked questions related to financial accounting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lam_sao_giam_80_thoi_gian_nhap_lieu_ma_van_dam_bao_chinh_xac\"><\/span><b>How can I reduce data entry time for 80% while maintaining accuracy?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Principle<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not optimized for &quot;faster human input&quot;.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">But <\/span><b>Eliminate manual input.<\/b><\/li>\n<\/ul>\n<p><b>Effective methods<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The bot automatically receives invoices from email\/e-invoice portal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">OCR extracts data (date, amount, tax, supplier).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Normalize data before recording.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The accountant only handles it. <\/span><b>exception<\/b><span style=\"font-weight: 400;\"> (exception)<\/span><\/li>\n<\/ul>\n<p><b>Key CFO metrics to monitor<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automation rate (% invoices not entered manually)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost per invoice<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3-way_matching_giup_ngan_gian_lan_noi_bo_nhu_the_nao\"><\/span><b>How does 3-way matching help prevent internal fraud?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Principle of control<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No purchase order \u2192 not recorded<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No GR \u2192 no payment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice with price\/quantity discrepancies \u2192 blocked<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Common scams were prevented.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fake invoices without purchase orders attached.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collusion to raise prices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment for goods not yet received<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CFO interested<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exception rate by mismatch type<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice number blocked before payment<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Lam_sao_kiem_soat_chi_phi_theo_thoi_gian_thuc_thay_vi_cuoi_thang\"><\/span><b>How can we control expenses in real time instead of at the end of the month?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Traditional issues<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expense report = past<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A CFO knows when to exceed the budget\u2026 only after they&#039;ve already exceeded it.<\/span><\/li>\n<\/ul>\n<p><b>A new approach<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attach budgets to the approval workflow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track spend vs budget <\/span><b>at the time of request for payment<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Warning: Exceed threshold before approval.<\/span><\/li>\n<\/ul>\n<p><b>Key KPIs<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Overrun %<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use leakage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cycle time for expenditure approval<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Lam_the_nao_phat_hien_nha_cung_cap_rui_ro_truoc_khi_thanh_toan\"><\/span><b>How can I identify a risky supplier before making a payment?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Common risks<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NCC has absconded.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">MST has ceased operation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The invoice was invalid but was still processed.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Effective control methods<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic check:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">MST<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">NCC operating status<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Invoice validity<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attach risk warnings before recording expenses.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CFO monitoring<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vendor risk rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The invoice number was blocked due to risk.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chuyen_doi_so_ke_toan_tai_chinh_anh_huong_gi_den_Free_Cash_Flow\"><\/span><b>How does digital transformation in accounting and finance affect free cash flow?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Direct impact<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce DSO by monitoring AR in real time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Control DPO, avoid early payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce miscalculations and erroneous invoices.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Financial consequences<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Release working capital<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve CCC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Free cash flow increases without increasing revenue.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Ke_toan_tai_chinh_khac_ke_toan_thue_o_diem_nao_de_nham_nhat\"><\/span><b>What are the most common differences between financial accounting and tax accounting that are easily confused?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Easily confused<\/b><\/td>\n<td><b>Financial Accounting<\/b><\/td>\n<td><b>Tax accounting<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Target<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accurate reflection<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax optimization and compliance<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Standard<\/span><\/td>\n<td><span style=\"font-weight: 400;\">VAS \/ IFRS<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax law<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Timing<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accrual<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cash \/ declaration<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">User<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CFO, BOD, investors<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax authority<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Doanh_nghiep_nho_co_can_tu_dong_hoa_ke_toan_tai_chinh_khong\"><\/span><b>Do small businesses need to automate their financial accounting?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Early automation is far cheaper than late fixes. The smaller the business, the sooner it needs it. Automation helps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce errors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standardize from the start.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy to scale when growing<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The above is a complete explanation of the nature of financial accounting. For the CFO, financial accounting is not just a department that records data, but the central nervous system that reflects the financial health of the business. <\/span><i><span style=\"font-weight: 400;\">real time<\/span><\/i><span style=\"font-weight: 400;\">A proper understanding of the nature, processes, risks, and key indicators directly impacts the ability to control costs, cash flow, and legal risks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Implementing solutions like Bizzi offers clear advantages for businesses, both from the CFO&#039;s perspective in financial management and in daily accounting operations. The biggest difference isn&#039;t about &quot;doing it faster,&quot; but about earlier, more accurate, and less risky control.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bizzi is not just an accounting tool, but a platform that helps CFOs control costs, invoices, accounts payable, and cash flow in real time. <\/span><span style=\"font-weight: 400;\">Implementing Bizzi helps businesses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimizing financial efficiency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce legal risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Freeing up accounting resources<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhance financial management capabilities in a sustainable manner.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To receive personalized solutions tailored specifically to your business, register here:\u00a0<\/span><a href=\"https:\/\/bizzi.vn\/dang-ky-dung-thu\/\">https:\/\/bizzi.vn\/dang-ky-dung-thu\/<\/a><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Financial accounting is not just about keeping records; it&#039;s a system for generating financial reports, controlling risks, and more.<\/p>","protected":false},"author":56,"featured_media":999979784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-999979783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-so-tay-ke-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999979783"}],"version-history":[{"count":3,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979783\/revisions"}],"predecessor-version":[{"id":999979789,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979783\/revisions\/999979789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999979784"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999979783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999979783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999979783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}