Auditing

audit firm

In the world of accounting, we are rapidly approaching year-end. Year-End Closing season. Businesses increasingly feel compelled to enter information into their ERP or accounting software. A Definition of Auditing. An audit is the examination of books of accounts, supporting documents, and other evidence by a professional auditor in accordance with established standards for professional […]

Business Financial Planning

Business Financial Planning A financial plan is meant to demonstrate the long-term (3- to 5-year) monetary consequences of a company’s strategic and operational plans over the next 12 months. Administration bases its actions on predetermined financial plans. They need to be malleable enough to adapt to the ever-shifting nature of the business world and the […]

In accounting, what exactly do we mean when we talk about “Assets?”

Asset

In accounting, what exactly do we mean when we talk about “Assets?” In the context of accounting for finances, “Assets” are resources that are in the possession of the entity. It does not matter whether the asset in question is tangible or intangible; what matters is that it can be owned and assigned a value. […]

Ending Inventory at End of Year

Wnding inventory

What Is the Meaning of Ending Inventory? The value of goods available for sale at the end of an accounting period is referred to as ending inventory. It is calculated as the beginning inventory plus net purchases less cost of goods sold. Net purchases are inventory purchases after returns and discounts have been deducted. While […]

Financial Statement Audit Service Of Manufacturing Industry And Production Group

financial statement audit service of manufacturing and production industry group

Currently, modifications to the Revenue Department’s tax requirements and Manufacturing, plant engineering, and mechanical engineering are all experiencing increased levels of competition and demand as a direct result of current patterns of global economic development. As a result of these demands, forward-looking automation solutions are becoming increasingly important in the context of the ongoing revolution […]

Definition of Financial Statements

Financial statement audit

What is financial statement ? Definition of Financial Statements is Financial reports are a summary of accounting in the collection of various information to present information to users of financial statements for decision-making. They show the financial position, performance, and change in cash in an organized manner. Financial reports of this nature should be prepared […]

What is Gross Profit : GP & Gross Profit Margin : GPM ?

What is Gross Profit : GP The Company’s operating income, whether from the sale of goods or services, is deducted from the product’s cost of manufacture. Alternatively, that service. Formula for calculating gross profit, Calculating gross profit : GP Gross Profit = Revenue – Cost of Goods Sold : COGS Gross Profit Margin : GPM […]

What is Value Added Tax (VAT) of Thailand ?

VAT, or Value Added Tax Value Added Tax in 2022 (VAT) is a tax on the sale of goods. or by providing services in each manufacturing process and by selling goods and services produced domestically and imported from other countries. Since 1992, entrepreneurs in Thailand have been charged VAT at a rate of 10%, divided […]

Submit of Filing Audited Annual Financial Statements on 2022 – 2023 at Thailand

Audited Financial Statements 2023

          Companies with accounting periods ending 31 December 2022 must file audited financial statements with the Department of Business Development (‘DBD’), Ministry of Commerce no later than 31 May 2023 so The accountant must Annual Closing and prepare annual financial statements for the year 2022 for the “Auditor” to auditing. Timeline for Filling […]