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Webcash Group launches WABOOKS to enable digital purchase receipts in Vietnam

By Gloria Mathias

July 31, 2023

  • Dgital taxation
  • Digital Purchase receipts
  • Domestic Payments
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webcash, wabooks, Dgital taxation, Digital Purchase receipts, E-tax, Merchants, Korea, Vietnam, National Taxation System, payments DocumentationWebcash Group has launched WABOOKS, a real-time linkage of Mobile Receipts with Tax Invoices from the National Tax Service of Vietnam.

WABOOKS is an accounting solution that helps corporate customers in Vietnam, including Vietnamese branches of Korean companies, keep track of their purchases to ensure that business expenses are recognized and reported.

WABOOKS has digitalized the taxation process by real-time connecting the National Tax Service. WABOOKS is also a mobile-friendly solution that supports the mobile-dependent business environment of Southeast Asia, including Vietnam.

This mobile-friendly feature of WABOOKS attracts many Vietnamese workers. Employees can photograph and share business expense receipts in real-time using WABOOKS mobile app. This data sharing via WABOOKS mobile will immediately update the main data on the WABOOKS PC version back in the office.

Real-time connection with the National Tax Service of Vietnam is a key feature of WABOOKS. A company’s accounting staff can digitally receive the receipts and tax invoices via WABOOKS, which streamlines the bookkeeping process.

When a purchase tax invoice is shared on WABOOKS, WABOOKS automatically saves all data on the tax invoice, such as the company’s name, address, and TAX Code, relieving the burden of miscellaneous work.

Additionally, mobile push notifications are given to the specified user(s) in real-time for a deposit or a withdrawal. The account deposit/withdrawal details recorded on WABOOKS can also be sent to a designated tax agent digitally during the VAT filing period. With WABOOKS, any type of separate documentation for VAT filing is not necessary.

Lee Sil-kwon, CEO of Webcash Global said, “We are all very excited to release an accounting solution that has been customized to fit the Vietnamese accounting environment. This solution will provide a streamlined process for the purchase receipt/tax invoice management of a company. A high demand is expected in the Vietnamese market. We will do our best to ensure that WABOOKS positions itself as a reliable assistant for small and medium-sized business owners in Vietnam.”

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