Small Business Accounting Template for Google Sheets 2027

Accounting Basics for Vietnamese SMEs

Vietnamese small businesses need to track: revenue, cost of goods sold (COGS), operating expenses, VAT (10%), and corporate income tax (20%).

A Google Sheets accounting template can handle basic bookkeeping for businesses with under 100 transactions per month without expensive accounting software.

Template Sheets Explained

Chart of Accounts: Standardized account codes following Vietnamese accounting standards (TT133/2016).

Journal Entries: Record every transaction with date, account, debit, credit, and description.

Income Statement (P&L): Auto-generated profit and loss report by period.

Balance Sheet: Assets, liabilities, and equity summary. Auto-balanced with error checking.

Cash Flow: Track cash in and out with running balance.

VAT and Tax Considerations

The template separates VAT input (purchases) and VAT output (sales) for easy quarterly VAT declaration.

Corporate income tax (CIT) estimation based on net profit. Includes common deductible expense categories.

Note: This template is for bookkeeping reference only. Consult a certified accountant for official tax filings.