NetSuite Financial Localization for Vietnam V2.0 under Circular 99
Companies running Oracle NetSuite can produce Vietnamese accounting books, financial statements and notes under Circular 99 directly in the system, from the same data used for management, without Excel or a second accounting package.
See the localization running inside NetSuite
A 2.5-minute overview for parent companies and NetSuite partners: how S4 Financial Localization C99 maps the group chart of accounts to VAS, splits each entry into debit and credit pairs, closes periods through account 911 and produces Circular 99 statements, without changing source transactions or group consolidation.
Vietnamese demo of all 26 books and reports (4 min 46 s, English subtitles available): Circular 99 reports on Oracle NetSuite.
Three core ideas behind V2.0
S4 Financial Localization C99 is S4 Consulting’s V2.0 accounting localization package for Oracle NetSuite, an upgrade of the V1 package S4 launched in 2025. It adds what NetSuite needs to operate in Vietnam: offset-account pairing for every transaction, books and reports in Circular 99 format, flagging of non-deductible expenses for corporate income tax, and B09-DN notes with calculated tables.
Compliance from operating data
VAS books are built from the NetSuite ledger with no re-entry. Forms follow Circular 99, printed in Vietnamese, English or bilingual PDF.
Management and compliance on one source
The same report has a statutory and a management version: account detail, analysis dimensions, tax view. The management version is always labelled as not for filing.
Traceable to every document
From a statement line to accounts, ledgers and the source transaction in a few clicks, with totals always matching the report.
Management and statutory reporting on one data source
Companies do not have to choose between reports for leadership and reports for the tax authority. Both use NetSuite data and differ only in presentation.
Statutory reports
- B01-DN, B02-DN, B03-DN and B09-DN templates under Circular 99
- Lines, codes and columns per template; header, signatories, place of issue
- PDF print in Vietnamese, English or bilingual
- Controlled off-ledger adjustments approved by the chief accountant
Management reports
- Detail: per template, account level 1, level 2, most detailed
- Filter by Department, Class, Location and custom segments
- Tax view of profit: exclude or show only non-deductible expenses
- Year-to-date columns on the trial balance
Where standard NetSuite and Circular 99 differ
NetSuite is an international ERP strong in operations and multinational management. Vietnamese accounting adds nine specific requirements that a global ERP does not include out of the box. The points below were verified by comparing standard NetSuite reports with V2.0 reports on the same data set.
| VAS / Circular 99 requirement | Standard NetSuite | V2.0 package |
|---|---|---|
| Offset account on every ledger line | Multi-line entries without debit-credit pairing | Automatic pairing when documents are saved, hourly catch-up run, reconciliation screen |
| S03a, S38 books with offset account | No Vietnamese book templates | S03a, S03b, S38, S07a, S08, S31 per template, PDF export |
| B01-DN statement of financial position | Balance Sheet nets receivables and payables | Two-sided balances shown by counterparty |
| B03-DN direct method | Cash accounts not identified per Vietnamese chart | Built from cash offset pairs, matches cash on B01 |
| Retained earnings prior year vs current year | No VAS-style period-end closing entries | Prior-year accumulated profit identified automatically (account 4211) |
| B09-DN notes | Not available | Sections per template, calculated tables matching B01, B02 |
| Non-deductible expenses for CIT | No flagging or summary | Flag on each expense line, summary schedule, tax view of profit |
| Receipt 01-TT, payment 02-TT | No Vietnamese print template | Printed from the document, bilingual, amount in words |
| Circular 99 chart, VAS book separate from management book | Company-designed chart of accounts | VAS code on accounts, exclusion rules, works with Multi-Book or accounting contexts |
Background: How Circular 99 impacts Oracle NetSuite in Vietnam
Books and reports in Circular 99 format
V2.0 now includes 26 books, reports and vouchers. Each has an on-screen view, CSV export and a PDF print, except receipt and payment vouchers (print only). Prints follow the template with subsidiary logo, signatories and place of issue.
Annual financial statements
| Form | Name | Highlights |
|---|---|---|
| B01-DN | Statement of financial position | Click any figure to drill down to the source document |
| B02-DN | Income statement | Three views of non-deductible expenses |
| B03-DN | Cash flow statement, direct method | Reconciles code 70 with closing cash automatically |
| B03-DN | Cash flow statement, indirect method | Checked against the Official Gazette; ties to the direct method |
| B09-DN | Notes to the financial statements | Auto-calculated tables, narrative drafted per year, bilingual print |
Interim financial statements (quarterly)
| Form | Name | Highlights |
|---|---|---|
| B01a, B02a, B03a-DN | Interim financial statements, full form | B02a has 4 columns: this quarter and year to date |
| B01b, B02b, B03b-DN | Interim financial statements, condensed form | B02b and B03b have 4 columns |
| B09a-DN | Selected explanatory notes | Prepared per quarter, prefilled with default content, copied from the prior quarter |
Accounting books
| Form | Name | Highlights |
|---|---|---|
| S03a-DN | General journal | One line per offset pair, matches ledger activity |
| S03b-DN | General ledger | By level-1 account, with general journal line number |
| S06-DN | Trial balance | Includes a year-to-date management layout |
| S07a-DN | Cash book | Receipt and payment numbers in separate columns, running balance |
| S08-DN | Bank book | Deposits, withdrawals, balance per bank account |
| S31-DN | Customer and vendor payment ledger | One ledger per counterparty, separate debit and credit balances |
| S38-DN | Account detail ledger | Opening balance, activity, totals, closing balance |
Tax and vouchers
| Form | Name | Highlights |
|---|---|---|
| 01/GTGT | VAT return | Circular 89/2026 form from the July 2026 period, Circular 80 for earlier periods |
| Form 01, Decree 174/2025 | VAT reduction appendix | 8% purchases, reduced-rate sales, difference [09] |
| Listing | Purchase VAT invoice listing | Laid out per form 01-2/GTGT |
| Listing | Sales VAT invoice listing | Laid out per form 01-1/GTGT |
| Listing | Non-deductible expenses for CIT | Screen and CSV only |
| 01-TT, 02-TT | Receipt and payment vouchers | Printed from documents, bilingual, foreign currency |
Statement of financial position
Statutory PDF print in the Circular 99 B01-DN template: reporting-entity header, line codes, notes column, closing and opening balances. On screen, every line traces to its accounts and counterparties.
Income statement
Choose detail down to the lowest account, filter by store or department and use three non-deductible expense modes.
Direct-method cash flow
Built from offset pairs involving cash accounts, matching cash on B01-DN for the same period.
Trial balance
Statutory PDF print in the S06-DN template with header and signatories; on screen, select an account to open the S38-DN ledger and trace to the source transaction.
General journal
One line per debit-credit pair; document numbers link straight to the NetSuite transaction.
Bilingual notes
Written per Circular 99 sections, Vietnamese and English side by side, stored per subsidiary and year.
Screenshots of V2.0 on a NetSuite test account, data of the fictitious company S4VN TT99 Test.
Six capabilities that make the difference
Each capability answers a specific need of the chief accountant, CFO, auditor or IT team.
Non-deductible expenses flagged on the document
Flag by default per account or enter a partial amount with a reason. The schedule summarises by reason, account and document; reports offer three modes: include, exclude, non-deductible only. Test example: three September documents totalling VND 32,300,000, so tax-basis profit on B02-DN is higher than the statutory version by exactly that amount.
CFO · AuditB09-DN inside NetSuite
Calculated tables match B01 and B02; fixed asset and equity movement matrices; listed-company print style.
AuditorsDrill-down to source documents
Statement line, contributing accounts, S38 ledger, NetSuite transaction: one click per level.
LeadershipReports by store and branch
Filter by Department, Class, Location and custom segments, including blank values.
IT · ImplementationAutomatic offset pairing
Paired on save, hourly catch-up run, reconciliation of unpaired, failed or out-of-balance documents.
CIOBuilt on SuiteCloud
SDF, UIF, SuiteQL, SuiteScript 2.1, Advanced PDF and 270+ automated tests.
Built on Oracle NetSuite’s official platform
The package runs inside the company’s NetSuite account on three principles: never change source data, enable per subsidiary, configure instead of code.
| Component | Technology | What it means for you |
|---|---|---|
| Packaging, deployment | SuiteCloud Development Framework (SDF) | Version-controlled install and upgrade |
| Books and reports UI | NetSuite UIF Single Page Application | Grid filters, collapsible filter panel, laptop-friendly |
| Data queries | SuiteQL on the NetSuite ledger | Reads accounting data directly, no copies elsewhere |
| Real-time offset pairing | SuiteScript 2.1 User Event | Offset pairs ready when the document is saved |
| Automatic catch-up | Map/Reduce running hourly | Captures CSV imports, integrations, reversals |
| Prints | NetSuite Advanced PDF (BFO) | Circular 99 PDFs, subsidiary logo, bilingual |
| Languages | Translation Collection | Vietnamese menus and settings per user language |
| Dashboard | Portlet and VAS Overview page | To-do items and data checks on login |
| Permissions | Dedicated accountant, chief accountant and script roles | Least privilege; only chief accountants approve off-ledger entries |
| Quality | Automated test suite (Jest) | 270+ test cases before every release |
NetSuite Vietnam Localization V2.0 brochure
4 A4 pages: two objectives, comparison with standard NetSuite, books and reports catalog, technology. Ready to share with leadership and chief accountants.
Frequently asked questions
What is the NetSuite V2.0 localization package?
It is S4 Consulting’s S4 Financial Localization C99 package, which lets companies on Oracle NetSuite produce accounting books, financial statements and notes under Circular 99/2025/TT-BTC directly from NetSuite data. V2.0 upgrades the V1 package S4 launched in 2025.
Does V2.0 change source data in NetSuite?
No. The package reads the ledger and stores offset-pairing results in separate tables; the company’s transactions stay unchanged.
Do FDI companies have to drop the group chart of accounts?
No. The VAS book is built through VAS codes on accounts and exclusion rules, can work with Multi-Book or accounting contexts, and is enabled per subsidiary.
Can management reports be confused with statutory reports?
No. Every report using a management option shows the note “Internal management report – not for filing with authorities” on screen and in print.
Is V2.0 certified by Oracle or the Ministry of Finance?
No. The package is developed by S4 Consulting on the official NetSuite development platform, with forms following Circular 99; S4 does not claim certification by Oracle or the Ministry of Finance.
See V2.0 on your company’s NetSuite data
Talk to Lac Pham or Nu Huynh about your subsidiary structure, chart of accounts, offset rules and preparing 2026 financial statements under Circular 99.
Need a trusted ERP partner in Vietnam? Let’s discuss your project!