Set up an accounting system
Accounting System
A well-set-up accounting system keeps your Thai company organised and compliant from day one — a chart of accounts, document flow, and software aligned with Thai accounting standards and tax filings. True Bizz designs and implements the right accounting system for your business in Bangkok.
Why do you have to set up the accounting system?
Accounting systems provide a streamlined process for tracking, managing, and analyzing financial information. With an accounting system, businesses can quickly and easily generate reports that provide detailed insights into their financial performance.
Benefits of a proper accounting system
A well-designed accounting system improves your business operations in multiple ways.
- To decrease the complicated information that leads to wasting time
- For clarity of the document system and working system
- For clarity with the position, the responsibility of each employee
- Increase the internal system to protect against corruption
- To make the management efficient
Procedure for setting up an accounting system
Understand the business
Our team will visit your office to learn your system's first 5 categories: Purchase system, Payment system, Sale system, Receive system, and Cost of sale system.
Initial assessmentDesign the internal control system
We will create a flowchart of your previous procedure, meet with each department, and prepare a new workflow chart along with related document forms.
System design phaseTraining employees
We will train your employees to understand their roles, duties, responsibilities, and the new working system to ensure effective operation.
Training phaseFollow up and improve
After implementation, we will follow up on actual performance and identify areas for improvement. A complete operating manual will be provided.
Follow-up phaseFrequently Asked Questions
Why set up a proper accounting system?
It ensures transactions are recorded correctly, tax filings are accurate, and the year-end audit runs smoothly — avoiding penalties and clean-up costs later.
Can you align the system with Thai requirements?
Yes. We set up a chart of accounts and processes that meet Thai accounting standards and the Revenue Department's filing requirements.
Do you work with accounting software?
Yes. We can implement and configure suitable accounting software and integrate it with your bookkeeping and reporting.
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Question Before You Begin?
Speak to our expert by scheduling a FREE CALL about setting up an accounting system with True Bizz.