Accounting Services
Professional Accounting Firm
for Businesses in Thailand
Accounting Services in Thailand | Kreston Thailand
Professional Accounting, Bookkeeping &
Tax Services for Businesses in Thailand
Kreston Thailand delivers comprehensive accounting services in Thailand for Thai and international companies seeking reliable bookkeeping, accurate financial reporting, and complete Thai tax compliance.
Our experienced accounting team manages your entire monthly accounting cycle, from transaction recording and bookkeeping to VAT filing, corporate income tax returns, and customized management reports. We ensure your business remains fully compliant with Thai accounting standards and tax regulations while you focus on growth.
Our Accounting and Tax Filing Services in Thailand
1. Monthly Bookkeeping Services
Our professional bookkeeping services ensure your financial records are accurate, organized, and compliant with Thai accounting regulations. We provide:
- Record and complete financial transactions
- Review and classification of accounting documents
- Proper categorization for tax compliance
- Bank and cash reconciliations
- Fixed asset register maintenance and depreciation
- Review of intercompany transactions
All bookkeeping is performed in accordance with Thai Financial Reporting Standards (TFRS).
2. Monthly Tax Filing and Compliance
Our accounting team manages Thai tax filings to ensure timely and accurate submission, including:
- VAT filings (PP30, PP36)
- Withholding tax filings (PND1, PND3, PND53)
- Guidance on tax payment and deadlines
- Monitoring of filing schedules and statutory due dates
We help reduce compliance risk and penalties by ensuring filings are completed correctly and on time.
3. Management Accounting and Financial Reporting
To support management decision-making, we prepare:
- Monthly management accounts
- Profit and loss statements
- Balance sheets
- Cash flow summaries
- Customized management reports upon request
Reports can be tailored to align with group reporting formats or internal management needs.
4. Accounting System Setup and Digital Solutions
Modernize your accounting operations with our technology implementation services:
- Cloud accounting system setup (e.g. PEAK, Xero)
- Chart of accounts customization
- System migration and data cleanup
- Ongoing accounting system support and optimization
How Our Accounting Services Work
Step 1: Onboarding and Accounting Setup We start by understanding your business
Our accounting team conducts a comprehensive review of your:
- Business structure and operations in Thailand
- Industry-specific accounting requirements
- Current bookkeeping systems and processes
- Financial reporting needs and stakeholder requirements
- Tax obligations and compliance history
Then we customize your solution:
- Design a tailored accounting workflow
- Set up or optimize your accounting system
- Configure chart of accounts aligned with Thai standards
- Establish document collection procedures
- Define reporting formats and deadlines
Step 2: Monthly Document Collection and Processing Each month, our team efficiently handles:
- Document collection: Invoices, receipts, bank statements, and expense reports
- Transaction recording: Accurate bookkeeping in compliance with TFRS
- Bank reconciliation: Verification of all transactions and balances
- Account reviews: Quality checks to ensure accuracy
- Intercompany settlements: Proper documentation of related party transactions
- Preliminary reporting: Draft financial statements for review
You simply provide your business documents, we handle the rest.
Step 3: Thai Tax Filing and Compliance Timely, accurate tax submissions every month
Our tax specialists prepare and submit all required filings:
- VAT returns (PP30, PP36)
- Withholding tax (PND3, PND53,PND54)
- Tax payment coordination
- Compliance verification
- Filing confirmations
We track all deadlines and ensure zero late penalties.
Step 4: Financial Reporting and Ongoing Support After each monthly close, you receive:
- Comprehensive financial reports
- General Ledger
- Trial Balance
- Profit & Loss Statement (P&L)
- Balance sheet
- Cash flow statements
- Tax summary
- Overview of tax positions and payments
Plus continuous support:
- Dedicated accounting team available for questions
- Explanation of financial results and tax implications
- Proactive advice on accounting and tax matters
- Assistance with audit preparation and regulatory inquiries
- Strategic guidance for financial planning
Accounting Fees and Engagement Model
Our accounting service fees are structured based on:
- Transaction volume
- Business complexity
- Reporting requirements
- Accounting system used
Why Choose Kreston Thailand for Accounting Services
- Strong understanding of Thai accounting and tax regulations
- Experience supporting foreign-owned and international businesses
- Clear, practical communication in English, Mandarin, and Thai
- Structured processes and consistent monthly delivery
- Ability to coordinate with auditors, tax advisors, and group finance teams
Our approach focuses on accuracy, compliance, and practical support rather than generic outsourcing.
Speak to Our Accounting Team
If you are looking for reliable accounting services in Thailand, our team is ready to support your business.
Book a consultation or request a quotation, and we will respond within one business day.
Our Guides
- Accounting in Thailand: Key Standards and Compliance Requirements
- VAT Common Challenges and Effective Solutions
- WHT Common Challenges and Effective Solutions
- Streamline Your Accounting with Kreston Thailand
- Tax Considerations for Service Payments to Overseas Providers
- VAT on Triangular Trade: What Happens in VAT When You Bill Thailand but Ship Overseas?
FAQ
Q: Do you work with small businesses or only large companies?
A: We serve businesses of all sizes, from startups, SMEs to multinational corporations. Our accounting solutions are scalable and customized to match your business size, complexity, and budget. Whether you have 5 transactions or 1,000 per month, we can support you.
Q: Can you handle accounting for foreign-owned companies in Thailand?
A: Yes, this is one of our specialties. We have extensive experience supporting foreign-owned businesses, BOI-promoted companies, regional offices, and representative offices. Our team can communicate in English, Mandarin, and Thai and understand the unique requirements of international businesses operating in Thailand.
Q: What industries do you serve?
A: We provide accounting services across all industries including manufacturing, trading, import/export, professional services, technology, hospitality, F&B, e-commerce, real estate, construction, and healthcare.
Q: How much do accounting services cost in Thailand?
A: Accounting service fees depend on your business size, transaction volume, complexity, and specific requirements. Monthly accounting packages typically range from 12,000 to 50,000+ THB per month. We provide customized quotes after understanding your needs. Contact us for a 30-minute free consultation.
Q: What information do you need to provide a quote?
A: To prepare an accurate proposal, we need:
- Your business structure (limited company, branch, BOI, etc.)
- Monthly transaction volume (invoices, receipts, payments)
- Number of employees
- Current accounting system (if any)
- Specific services required (bookkeeping, tax filing, reporting)
- Any special requirements (multi-currency, intercompany, etc.)
Q: What accounting documents do we need to submit each month?
A: Typically, sales and purchase invoices, bank statements, payroll information, and any supporting documents for transactions.
Q: Do you support cloud accounting systems?
A: Yes. We support PEAK, Xero, and other accounting platforms commonly used in Thailand.
Q: Can you coordinate with our auditor or group accountant?
A: Yes. We regularly liaise with auditors and overseas finance teams to ensure consistency and efficiency.
Q: What happens if there were late filings in the past?
A: We can review historical filings and advise on corrective actions or risk mitigation where required.
Initiating an audit with quality standards. Or, embarking on a financial journey. Let's navigate the complexities together!
How we can help you?
We are committed to protecting your privacy. We will never collect information about you without your explicit consent.
Why Work with
Kreston Thailand?
We stay updated on the latest Thai accounting standards, tax laws, and regulatory changes, so you don’t have to.
