Accounting

Having all the information you need to run your business at your fingertips is critical, particularly in today’s complex and dynamic economic environment. Reliable data is essential to understanding and managing the financial and operational performance of your business.

At Forvis Mazars we provide comprehensive accounting services in Thailand specifically designed to suit your needs. Each solution is unique to your company and scalable, adjusting to your needs and the different stages of your development.

Are you looking at bringing your accounting up to an international standard? Are you an international company locating into Thailand? Or are you expanding your company’s reach outside of Thailand? Whatever your situation is, you are looking for a partner able to follow up the different stages of setting up and supporting your core business with the outsourcing of the accounting and tax functions.

Implementation

We believe that the implementation phase is critical to the success of our accounting outsourcing services. For every new client we have a proven methodology to setup engagements. It focuses on determining the responsibilities of each party, assigning responsibilities, agreeing and documenting workflows and setting a working timetable.

Ongoing accounting services

For many of our clients we will maintain, prepare and “close” the monthly accounts in Xero. In addition, we also have considerable experience working with our client’s systems such as SAP, Netsuite, Microsoft Dynamics, Oracle and JD Edwards. Services are provided both from the Forvis Mazars office and at the client site.

Each month Forvis Mazars will prepare an accounting package, including:

Monthly and year to date profit and loss accounts
Monthly balance sheet together with supporting detailed reconciliations
Monthly trial balance

The format and content of the accounts will be prepared as per the requirements of the company. The accounting package will be completed to meet the company’s reporting deadlines.

Other accounting services:

Preparation of consolidated group accounts
Restatement of statutory accounts under the reporting standards of the parent company (IFRS, US GAAP, etc.)
Review of the accounts prepared by our clients to ensure compliance with the requirements under Thai GAAP

Case Studies

Yum!

"Mazars’ partnership with us really helped our business during a critical transition period where managing accounting processes were crucial to the stability and organization of our company."- Pisinee Mangkonkarn, Financial Controller at YUM Restaurants International (Thailand) Co., Ltd. (‘YRIT’)