Accounting and reporting
Accounting and reporting for your company in Thailand
WMC handles monthly accounting, tax returns and year-end accounts for companies in Thailand. We also prepare financial reports for directors and finance teams based overseas.
- Service area
- Accounting and tax
- Related services
Contents
Who this is for
- You need monthly accounting and tax returns handled in Thailand
- Your head office or finance team abroad needs regular financial reports
- You are changing accountants
- Your records are incomplete or behind
- You are starting accounting for a new company
What the work covers
Monthly accounting
Bookkeeping and ledger, month-end close, reconciliations and the financial information your filings need.
Tax returns
VAT, withholding tax and corporate income tax, and payroll tax if we run your payroll.
Year-end
Closing and the annual financial statements, with schedules and supporting documents.
Company matters
Registration support, and changes to directors, shareholders and registered details.
Financial reports
We prepare financial reports in our standard format for you and your finance team. If your head office needs a different format, send us a blank template, with no financial data, and we will tell you what we can match and what it would involve.
Changing accountants, or catching up on late records
We start with a review of your prior financial statements and tax filings, opening balances, bank reconciliations and outstanding items, along with the invoices, receipts and supporting records that are available. Then we agree the handover scope and a start date. If something is missing, we tell you what we could and could not review.
If records are late, incomplete or inconsistent, a separate cleanup review comes first. It looks for missing periods, balance differences, filing gaps and documents still to be collected. Some historical issues take time to resolve. Accounting cleanup
Year-end accounts and audit
The appointed independent CPA carries out the audit and issues the audit opinion. WMC prepares the accounting records and supporting schedules and responds to audit requests. Statutory audit support
How it starts
- 01
Initial review
Company structure, registrations, current accounting status and reporting needs.
- 02
Scope confirmation
Responsibilities, documents, deadlines and services.
- 03
Handover or setup
We collect the available accounting records and set up the workflow, then begin the agreed accounting, tax and reporting.
Questions
FAQ
Frequently asked questions
What accounting rules apply to a Thai company with foreign shareholders?
A Thai limited company must keep accounting records and prepare annual financial statements that are audited by a Thai licensed CPA. These duties also apply to companies with foreign shareholders. VAT registration and other tax obligations depend on the company's activities and circumstances.
What do we need to give you to start?
Usually company and tax registration details, bank statements, prior accounting records and tax filings, invoices and supporting documents. The list depends on where the company stands today.
Is the audit part of the monthly service?
No. The appointed independent CPA carries out the audit and issues the opinion. What we prepare for it is set out in your written proposal.
Contact WMC about accounting and reporting
Tell us about your company, your current records and the filings you need. If a head office or finance team abroad needs reports, tell us that too.