Panwa Accounting and Auditing - Thailand ,
Bangkok and Phuket

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Bookkeeping Service in Thailand

Bookkeeping means the recording of all financial transactions undertaken by an individual, organization or a business entity. It is the record-making phase of accounting. The recording of transactions tends to be mechanical and repetitive; it is only small part of the field of accounting and probably the simplest part.

Here in Panwa Group, we update and maintain accounting records, including those which calculate expenditures, receipts, accounts payable and receivable, and profit and loss. We have a wide range of skills and expertise in maintaining an entire company’s books. Our staff makes numerous computations each day using computers to calculate and record data. We usually perform two common bookkeeping methods in keeping records for our business client’s day-to-day financial transactions aside from our computerized bookkeeping software. These are the single-entry bookkeeping system and double-entry bookkeeping system. In single-entry bookkeeping, income and expense accounts are recorded primarily in a “Revenue and Expense Journal”. Separate account records are maintained for petty cash, accounts payable and accounts receivable, and other related transactions such as inventory and other expenses.  While in double-entry bookkeeping, we do posting or recording of transactions twice using the debits and credits. These include purchases, sales, vouchers, receipts and payment. We make sure that all business and financial transactions are recorded in the correct book, from journal entries, general ledger up to the trial balance stage. From these, we prepare balance sheet, profit and loss statement, changes in equity, etc. Bookkeeping is really important in the preparation of financial statement.

Our day-to-day bookkeeping activities merely consist of:

  • Posting or recording transactions in journals and on computer files and update the files when needed
  • Review computer printouts against regularly maintained journals and make necessary corrections
  • Review invoices and statements to ensure that all the information appearing on them is accurate and complete,
  • Compare computer reports with actual reports
  • Verify records of transactions posted by other staff by checking figures, postings, and documents to ensure that they are correct, mathematically accurate, and properly coded.

To make our bookkeeping services more convenient for our clients, we also use specialized accounting software, spreadsheets, and databases. This enables us to save more time and to take on additional responsibilities and services, such as payroll, procurement, and billing. Many of these functions need writing letters, email and fax messages and make phone calls to customers or clients.

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For more information, please feel free to contact us:

Office Phone Nos.: +66 2 933 9000
WhatsApp : +66 81 919 6225

Bangkok Address:
1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.

we develope systems to serve more customers with reasonable fees.