PNM Accounting & Financial Services

Presented by Mike Pham

 About us

PNM Consulting Co., Ltd. provides finance and accounting services for small to mid
market companies, start ups and nonprofit organizations on an outsourced basis. In effect,
we function as an internal finance and accounting department.

We provide and a designated team of our accounting professionals who range from
phD,ACCA/managers to accounts payable/receivable clerks. Fees are quoted on an
monthly basis rather than hourly.
Since technology and professional staff costs are spread across all clients, our
approach is usually less costly than an internal solution.
 Summary of Services for Foreign
Representative Offices

Set up works:

- PIT registration for staffs

- Applying for foreign employee’s work permit;
- Labor registration for staffs;
- Social security registration;
- Application for social insurance books.

Continuing works:

- PIT declaration;
- Social security declaration;
- Social security payment;
- Labor report
- PIT Finalization.
 Summary of Services for companies
Custom processes and procedures will be developed as part of set-up phase.
 Accounts Payable
 Code Invoices
 Verify payment authorization
 Verify invoice calculations and terms
 Input invoices in accounts payable
 Produce and distribute payable reports
 Respond to vendor inquiries
 Update approved vendors to master file
 Produce and distribute 1099’s
 Close accounts payable system monthly
 Monthly accounts payable aging
 Assist in prioritizing payment of accounts
payable in accordance with client policies
 Input manual checks/vouchers into
system
 Fixed Assets
 Maintain/update fixed assets records
and reporting .
 Calculate/record depreciation expense
 Process fixed assets
additions/sales/retirements
 Reconcile sub-ledger to general ledger
 Account for lease transactions/capital
projects
 Issue fixed asset listing with monthly
financial package
 General Accounting
 GeneralAccounting(cont.)
 Prepare Use tax filings
 Prepare manual journal entries
 Input journal entries/vouchers
 Complete monthly bank acct reconciliation(s)
 Maintain the chart of accounts
 Recommend general ledger system security
 Schedule/coordinate month/year end closes
 FinancialReporting
 Close/reconcile subsidiary systems to G/L
 Perform other SOFP/balance sheet account
reconciliations
 Produce & distribute trial balance & ledger
reports
 Track expenses against projected budget costs
and account for any variances
 Account for spending related to specific grant
 Fund Accounting
 Reconcile temporarily and permanently
restricted net assets
 Allocate overhead and indirect costs to related
programs
 Attend monthly board/committee meetings
 Monitor accounting standards
 Coordinate year end audit support and assist
tax preparer
 Support audit fieldwork (prepare year-end
supporting schedules and work papers)
 Prepare/generate/submit agreed upon
monthly financial package
 Assist in reviewing/analyzing financial
results
 Accounting records filing and retention
 Recommend/implement accounting
process improvements
 Assist with Client operations changes that
impact the accounting department
 Manage policies and procedures
documentation process with accounting
 Assist client in building annual budget
model
 Input prepared budget into G/L
package for financial reporting purposes
 Assist in preparation of external
financial statements and schedules
 Assist in preparation of external
financial disclosures and analysis
 Assist in preparing Lease Summary
Report
Summary of Services for companies(continued)
Custom processes and procedures will be developed as part of set-up phase.

- Payroll - Cash Management/Treasury

- Process payroll with an outsourced  Enter deposits to general ledger
payroll provider (i.e. – ADP/Paycheck)  Transfer cash between accounts
- Summarize timesheets for entry
 Verify and process debt service
- Process new hire/terminations as well  Monitor compliance with debt covenants
as maintain employee deductions  Maintain endowment records
- PNM will prepare journal entry for payroll
 Make recommendations for investment of cash
and book them into Great Plains
 Review investment positions
- A/R & Cash Receipts
- Upload invoice summaries by customer
- Apply cash receipts to appropriate
funding source
- Post cash receipts to GL and Bank
Reconciliation modules to streamline
monthly reconciliation process
 Benefits of outsourced accounting solution

 Reduces operating costs and technology risk

 Frees senior finance executive to focus on strategic financial goals
 Provides timely and accurate financial information driven by users,
but prepared by experts in financial reporting
 Multiple levels of review improve accuracy and internal controls
 Enables immediate implementation of best practice processes and
procedures
 Incorporates a scalable accounting system and technology
platform to accommodate future growth
 Management team

 Mike Pham
Bachelor of Law from the Law University of HCM city and Bachelor of Accounting and Finance
from HCM city University of Economics .
He has over sixteen years as accountant and chief accountant in both services and manufacture.
And law yer for a Global Law firm in Hochiminh city.
 Betty Pham
Master of accounting and finance of CFVG.
She is an accounting manager for CFVG
She is based in Sydney/ Australia for phD accounting & finance program.
 Margaret Luu
Bachelor of Business Administration from HCM city University of Economics and Chief accountant
certificate form HCM city University of Economics.
She has over fourteen years in the supply chain industry, with Global 3PL service providers.
Financial analysis for a 5000 staff company specializing in construction materials, real estates.
Costing; supply chain optimization and solution designs for many global companies.
 Tony Luu
Bachelor of Science Degree in civil construction and Business administration from Hochiminh city
Science University and HCM city University of Economics.
 He has over ten years in project investment management and consulting for the big real estate
company.
 Our customers

 Home Casual LLC

US company

 Global Factories BV
Netherland company

 Arla Foods Ingredients

Sweden – Denmark company ( top eight of the world in diary )

 Glass Eggs
Singapore company

 Hay Group
Global company
 Why PNM
SIMPLE - AFFORDABLE - RELIABLE

With us, you will find superior service, experience, and integrity, meeting the needs of your
business. Our commitments to you:
We will save you tax dongs
We will save your time
We will get rid of your paperwork
We are easy to work with
We provide the consistent quality and personal touch that the "big companies" cannot
 Contact us

PNM Consulting Co., Ltd.

Head Office : 22 Lot A4, D1 St., Townhouses 307, Binh Thanh Dist., HCMC., VN.
Liaisons Office 1: Level 17, Gemadept Tower, No.6 Le Thanh Ton St., Dist.1, HCMC, VN.
Liaisons Office 2: Level 3, Suite 308, A zone Condominium, An Phu Residences, Dist.2, HCMC, VN.
Tel: +84 8 38943621
Fax: +84 8 62556801
Website (developing): www.pnm.com.vn
Mike Pham
Managing Partner
Cell phone: +84 (0) 903889801
E.Mail : mike.phampnm@pnm.com.vn; phampnm@aol.com
Skype : phamnguyenmai

Margaret Luu
Business Development Manager
E.Mail : margaret.luu@pnm.com.vn; luupnm@aol.com
PNM Consulting Co., Ltd.

Thank You