Can the Accountant of a Limited Liability Company Concurrently Serve as the Treasurer?

Section 3, Article 19 of Decree 174/2016/ND-CP stipulates the individuals who are not permitted to undertake accounting tasks, including:

- Individuals currently engaged in management, executive positions, storekeepers, treasurers, and those assigned regular asset purchasing and selling duties within the same accounting unit, except in the case of private enterprises, single-member limited liability companies owned by an individual, or other types of micro-enterprises without state capital as defined by the law on supporting small and medium-sized enterprises.

According to this regulation, storekeepers are not allowed to perform accounting tasks, except in the case of private enterprises, single-member limited liability companies owned by an individual, or micro-enterprises without state capital.

Thus, in your case, if it is a single-member limited liability company owned by an individual or a micro-enterprise without state capital, the accountant is permitted to also serve as the treasurer. If it is a single-member limited liability company owned by an organization, this is not allowed.

A micro-enterprise in the fields of agriculture, forestry, aquaculture, industry, and construction is defined as having an average annual social insurance participation of no more than 10 employees and annual revenue not exceeding VND 3 billion, or total capital not exceeding VND 3 billion.

A micro-enterprise in the fields of commerce and services is defined as having an average annual social insurance participation of no more than 10 employees and annual revenue not exceeding VND 10 billion, or total capital not exceeding VND 3 billion.

(Article 6, Decree 39/2018/ND-CP)

Sincerely!