Statutory Audits - annual financial statements, compliant with accepted Accounting principles - are a fundamental legal obligation in Thailand. All registered companies submit annual financial statements that must be compliant with generally accepted accounting principles.
OUTSOURCED ADMINISTRATIVE MANAGEMENT
For all businesses, large and small, administrative costs are a burden on limited resources. At B-accounting, we can deliver maximum cost effectiveness through our Administration Management service that takes care of day-to-day matters.
PAYROLL OUT SOURCING
We pride ourselves on providing high quality, professional and confidential Payroll Outsourcing solutions to exactly meet our clients requirements. These include payroll calculations, pay-slip creation, withholding tax, calculating Social Security & government agency payments and electronic reporting.
Outsourcing your accounting needs allows you to direct limited resources into more productive areas for your business. B-accounting is fully conversant with international and Thai laws and we offer professional Bookkeeping and Taxation services designed to meet your specific needs.
We offers comprehensive Advisory expertise and we have vast experience in a broad spectrum of businesses. Our breadth of knowledge across industries is second to none, and we pride ourselves on our ability to deliver tailor-made solutions to our clients.
Our Accounting Process
We understand that every business has different goals and specificities,
At B-accounting we believe in building a long term relationship built on mutual respect and trust. We understand that every business has different goals, and to ensure we can deliver solutions to match the goals, we provide to our clients a dedicated Accounting expert to manage the day-to-day association.
This first step consists of discussions with clients to determine their business and financial situation in order to better comprehend their accounting flows and to determine the best steps and methods going forward. During this phase, we list your expectations and work out how to get started in order to best meet to your needs.
02DATA COLLECTION AND RECORDS
Depending on the size of your company, we will collect you invoices, receipts and bank statements either weekly or monthly. We then proceed to take control of each of your transactions and advise you, if necessary, of any lack of formalization or any discrepancies. Once these documents are collected, we record each item on our software, and depending on your needs we can offer cloud based solutions.
Once your transactions are recorded, it is time for reconciliation and tax filing. Based on our records, your tax balances are aligned and we then create your local tax forms to comply with tax regulations, always ensuring this is completed before each official deadline. (These will vary depending on the payment mode you choose, with E-filing having the benefit of 1 extra week). Payment can be made by cheque, cash or internet transfer.
Once your tax and legal obligations are completed and your balance reconciliations are finished, we produce your financial reports. Firstly, these will determine how much money your business is earning (or not); secondly