Services, and the boundary
What we do, what the law does not allow us to do, and what we refuse.
What a bookkeeper may not do
We prepare your accounts. We cannot audit them. Thai law requires the annual financial statements of a limited company to be audited by an independent Certified Public Accountant, and "independent" excludes the office that did the bookkeeping. So you need a CPA as well as us, and you should be suspicious of any bookkeeping office that implies otherwise.
| Bookkeeping, monthly filings, payroll | us |
|---|---|
| Annual return preparation | us |
| Audit of the financial statements | an independent CPA — not us |
A typical CPA audit fee for a small company is ฿8,000–15,000 a year, paid to the auditor directly. We will introduce you to two and we take nothing from either.
What we refuse
- A second set of books. Any version of it. This is the request we most often receive and always decline.
- Backdating a document, or entering one we have not seen.
- Filing a return we know to be wrong because "it is easier this year".
- Advising you to structure something we do not understand. We will say we do not know.
If your records are in a state we cannot sign off, we will tell you in the first month and resign the engagement rather than file something we cannot stand behind. It has happened twice.
The three of us
Khun Ead
Registered bookkeeper; signs the accounts
B.Acc. 2011; registered bookkeeper since 2016; CPD hours current
"I prepare the accounts. I am not allowed to audit them, and I would not want to."
Khun Ploy
Bookkeeping and data entry
Diploma in accounting, 2018
Does the matching. Sends the query list on the 5th.
Khun Sak
Filings and documents
—
Files electronically, and still collects a paper receipt for every submission.
What happens when one of us is away
Filing does not depend on any one person: Ead and Ploy can both prepare, Sak and Ead can both file, and the calendar is on the wall where all three can see it. If a firm of three cannot answer that question, ask it again.
