Accounting Principles for Accounts Receivable from 2026 under Circular 99/2025/TT-BTC – AMnote fully support

Entering the 2026 financial year, Vietnam’s accounting and tax policy framework continues to undergo significant changes aimed at enhancing transparency, standardizing data, and promoting digital transformation in corporate financial management. One of the most notable updates is Circular No. 99/2025/TT-BTC, which replaces Circular 200 and introduces important adjustments to the accounting principles for accounts receivable.

1. Accounting principles for accounts receivable under Circular 99 applicable from 2026

According to Section B – Appendix II issued together with Circular 99/2025/TT-BTC, accounts receivable must be recognized and managed in accordance with the following principles:

Detailed tracking and clear classification

Enterprises are required to track accounts receivable in detail by:

• Collection maturity
• Debtor
• Original currency (for foreign currency transactions)
• Other factors suitable to the enterprise’s business characteristics and management requirements

Accounts receivable are classified into:

• Trade receivables (accounts receivable from customers): arising from sales of goods, provision of services, liquidation or disposal of assets, including export receivables through entrusted export arrangements
• Intercompany receivables: arising between the enterprise and its subsidiaries or among subsidiaries
• Other receivables: non-trade receivables such as dividends and profit distributions, advances paid on behalf of third parties, compensation, penalties, and assets pending settlement

Accounting principles for foreign currency receivables

• Foreign currency receivables must be tracked in their original currency
• Upon initial recognition, the credit side of receivable accounts applies the actual transaction exchange rate or the book exchange rate
• At the end of the accounting period, outstanding foreign currency receivables must be revalued using the average buying and selling transfer rate of the commercial bank where the enterprise regularly conducts transactions
• Exchange differences are accounted for in accordance with Account 413 – Foreign exchange differences

Financial statement presentation and allowance for doubtful debts

• Receivables are classified as short-term or long-term assets based on their remaining maturity
• Receivable balances may include amounts recorded in other accounts, such as:

• Account 141 – Advances
• Account 244 – Deposits and collateral

• Where there are signs that receivables are uncollectible or difficult to recover, enterprises must establish an allowance for doubtful debts in accordance with Account 229 – Provision for asset impairment

Accounts related to receivables under Circular 99

• Account 131 – Trade receivables
• Account 133 – Deductible value-added tax
• Account 136 – Intercompany receivables
• Account 138 – Other receivables
• Account 141 – Advances

2. New policy context from 2026 – Enterprises need to proactively adapt

Alongside Circular 99, several major tax and accounting policies will officially take effect from 1 January 2026, including:

• Abolition of the lump-sum tax method for household businesses
• Enhanced transparency and standardization of accounting data
• Stronger promotion of digitalization in financial management and tax compliance

These changes impose higher requirements on accounting systems, particularly in terms of detailed receivable tracking, continuous data management, and accurate financial reporting in compliance with new regulations.

3. AMnote – Fully ready to comply with Circular 99 for the 2026 financial year

As an accounting and financial management software solution designed for FDI enterprises in Vietnam, AMnote has completed its updates in compliance with Circular 99/2025/TT-BTC, enabling businesses to proactively adapt to regulatory changes from 2026.

Key updates in AMnote

• Updated chart of accounts fully aligned with new regulations
• Adjusted and enhanced account structures to support detailed receivable classification and tracking
• Standardized accounting data to support reconciliation and accurate financial reporting
• Improved data connectivity and continuity, facilitating the transfer of opening balances between financial years

Supporting enterprises throughout the transition

Beyond regulatory compliance, AMnote focuses on:

• A user-friendly interface suitable for both Vietnamese accountants and foreign managers
• Multilingual support tailored to FDI enterprises
• A dedicated consulting and technical support team to assist enterprises during the implementation of Circular 99
  

4. Conclusion

The implementation of Circular 99 is not merely a compliance requirement but a crucial step for enterprises to enhance transparency, operational efficiency, and long-term sustainability in an increasingly stringent accounting and tax environment from 2026 onward.

Source : thuvienphapluat.vn