Do you need someone to take care of your company’s monthly, quarterly, & year-end reviews, prepare financial statements, get reports (book and tax purposes), management reporting, financial analysis, and prepare adjusted trial balance? Of course, you can have an in-house team for that, but if you are a start-up or a small-scale company that will cost you a lot. Instead you can consider outsourcing it.
And if in case you have already decided to outsource business accounting service in Thailand, then there’s nothing like it. However, you must also know that it is majorly categorized under two responsibilities, stated below;
- Monthlies which consist of:
- Monthly withholding tax filing
- Monthly VAT filing
- Monthly Social Security Funds filing
- Monthly book-keeping
- Annually which consist of:
- Half Yearly report
- Annual audit
However, you may these following documents or more in order to hire accounting services in Thailand;
- Company Affidavit
- Company’s VAT registration (PP 01, PP 09 and PP 20)
- Your recent 3 months of monthly filings
- Withholding tax filings (PND1, PND3, PND 53)
- VAT filing (PP30, PP36)
- Social Secrity funds)
- Your Annual Audit of the last two years,
When you visit an accounting firm, make sure you already carry these documents to fast track the processor you can get in touch with them beforehand and ask them what they need from you. That way it will be easier for both. As far as their fees is concerned that depend largely on the amount of transaction, and the complexity of the task.
Well, there are companies who offer accounting packages as well, customized based on the size of the company. So even if you have a small company, you still have affordable accounting packages to hire. So, no worries.
