Well, you need to find a flexible and affordable accounting service in Thailand, tailored to meet your specific requirements. Since annual account audit is an important part of every business you need the best to get it done. While outsourcing the service you must ensure that the agency matches with all standards to be fulfilled to make it possible to renew your work permit and visa.
What should be the end result of your audit?
- A well-balanced set of books,
- Trial balance, and,
- Confirmation from the relevant department
Also, it should ensure that there’s no problem related to the visa or work permit before the next renewal.
Can you not outsource it and do yourself?
Let’s be straight, you can, but then your first priority should be your business. As your business is the best known to you, it cannot be left to anyone else while the accounting responsibilities can be easily shouldered upon others. Besides, it is important for you to invest all your efforts and time in planning for the betterment of your business.
Usually, the majority of the auditing package includes;
- General ledger, general journal and trial balance;
- Preparing financial statements and submitting them;
- Filling and submission of corporate tax;
There are agencies who also offer post audit services that can range anywhere between the following,
- After the auditing we usually send a copy for review;
- If any tax is to be paid we will let you know about it. On receiving cheque or cash from your company we will settle all the dues;
- The company must do these after the auditor has signed the report:
- Advertise in a local newspaper stating that there will be a meeting of shareholders.
- Send an invitation to all shareholders within 7 days.
- Create minutes of the meeting.
- Finish all the formal requirements within 30 days of having the report signed by the auditor.
