Comprehensive Accounting Services in Thailand

We offer four main services: bookkeeping and financial statement preparation, outsourced accountants, accounting system design and setup, and audit and certification of financial statements by a Certified Public Accountant (CPA). You may use a single service or combine several, depending on the size and readiness of your business. Our team has more than 30 years of accounting experience and serves more than 700 companies.

Yes. Limited companies and registered partnerships must keep accounts from the date of registration and close their accounts every 12 months. Even without any income, they must still submit financial statements to the Department of Business Development and file P.N.D.50 (annual corporate income tax return) with the Revenue Department for every accounting period. The accounts must be prepared by a bookkeeper who holds the qualifications required by law, who may be a company employee, a freelance bookkeeper or an accounting firm.

Yes. The financial statements of a limited company must be audited, with an opinion expressed, by a Certified Public Accountant (CPA) every year. The only exception is a registered partnership with registered capital of not more than 5 million baht, total assets of not more than 30 million baht and total revenue of not more than 30 million baht. Such a partnership does not need a CPA, but its accounts must still be audited and certified by an auditor under Section 3 Septem of the Revenue Code (Tax Auditor) for filing P.N.D.50. We coordinate with the auditor on your behalf, from closing the accounts through to receipt of the audit report.

A limited company must present its audited financial statements to a shareholders’ meeting for approval within 4 months of the end of its accounting period, and then submit them through the DBD e-Filing system within 1 month of the date of approval. A registered partnership must submit its financial statements within 5 months of the end of its accounting period. The P.N.D.50 return must be filed with the Revenue Department within 150 days of the last day of the accounting period.

A bookkeeping service suits businesses that do not yet have an accounting department. You send us your documents, such as purchase and sales invoices, receipts and records of income and expenses, every month, and we record the accounts, file monthly tax returns and prepare your financial statements. An outsourced accountant suits companies that already have an accounting team but lack staff in key positions, such as an Accounting Manager, AR/AP officer or GL Accountant. Our team steps into the vacant position, then hands over the work and trains new staff so that they can take it over.

It should be set up when the business starts, or when transactions grow to the point where accounting, sales, purchasing and inventory data no longer match. Our accounting system setup service covers designing a chart of accounts suited to the business, defining clear workflows and selecting a system, such as a cloud-based accounting system or Odoo ERP accounting software for businesses that wish to connect accounting with sales, purchasing and warehousing. A well-designed system enables faster closing of the accounts and makes past records easier to review.