Considerations in choosing an accounting office

If we have never done business before but need to use accounting services, asking friends or relatives who have graduated from accounting would be one of the first things to do in finding an accounting firm to use the service. But if unfortunately we don't have friends or trusted people in this industry who can help recommend an accounting firm for us, it might be a bit of a headache for us to find an accounting firm that we like. and appropriate to serve.

And here are some simple criteria for selecting a reliable accounting firm that ensures that you will not be disappointed in using the service that actually exists.

This one seems like a joke, but it is the first condition for choosing an accounting office. Nowadays, we probably search for names on websites. and may only look at service rates and interesting service formats But if we try to look into the details of an office that has a beautiful website. Interesting service rates It may not actually exist. The way to check in this matter is to look at the name and address of the accounting office on that web page. If the address is linked to Google Maps, we may be able to see a picture of the physical location. The physicality of the office There are both locations. The office shows that you have an identity. Whether it's beautiful or luxurious depends on the taste of each office.

From the name, if it's a company, we can check the status of that office from the website https://datawarehouse.dbd.go.th/index of the Department of Business Development to see whether the office has been registered for a long time or has just been established. Having been around for a long time, it should have been assumed that he had experience (at least he had survived to some degree).What are the business results from the income statement? An office that has growing sales and profits shows that it has good management and that services must be adequate. (Otherwise the customer would have stopped doing it. The business is likely to be at a loss.) In other words, having a profit means that there will be money left over to continually improve services. Once we know that we really exist, we have to see if they can work for us or not? Have standards in working Initially, we must use the standards of the relevant government agencies as a measure. If in terms of doing taxes it is the Revenue Department, the Revenue Department will have a "tax agent accounting office" that the Revenue Department has certified. There will be screening conditions. If any accounting office passes the above conditions, it will become a representative accounting office of the Revenue Department. The second agency involved is the Department of Business Development. This one will be called the “Quality Accounting Office”. This one will be inspected according to standards. Various work processes focus on accounting. Document collection Internal management of the office But if it doesn't have to be a standard certified by a government agency, some offices may pass service quality certification according to other industry standards such as ISO, etc. This is up to us to consider and make a decision. When you know you exist Let's work for us and see if we can afford it?

Reasonable service rates

This depends on your satisfaction, but naturally. Good and cheap stuff Even though there are probably very few, if you ask how much, it would be good enough to give a guideline for simple calculations as follows: A company assumes about 20 receipts and payments documents, including everything. Send all types of taxes into the account. On average, it takes about 1 day, plus or minus 1-2 hours. The main cost of the service is the wage. If a new bachelor's degree student assumes 15,000 baht per month, working Monday-Friday, there will be 22 days a month, a round average of 700 baht per day. This should be enough to see what the cost is, but 700. The above baht does not include other expenses. Does not include office rent, electricity, depreciation, and other employee welfare expenses. Therefore, the actual cost must be more than 700 baht and another important factor is new bachelor's degree students. Never worked before. The probability of having the ability to complete the above work in the estimated time of 1 day plus minus 1-2 hours will be no more than 10%. Therefore, if you want to ensure that the above work is completed In the estimated time, it will require employees with 2-3 years of experience to do it. The cost will not be 700 baht per day. It will be more than that, maybe 1,000 baht per day, just for labor costs. There is none. Rent, electricity, and not including profit.

Adapting to keep up with technology
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Today's world is a world of digital internet, e-tax invoice, e-receipt and many things. Therefore, if we think that these things are important, they should be one factor in considering accounting offices. We should want an office that is ready to adapt to technology or to use that technology.

If we follow the news, we see that government agencies are The Revenue Department, Bank of Thailand, has announced a policy to move all economic sectors to be paperless through the Prompt Biz project starting at the end of August 2023. If we are 50-year-old entrepreneurs, we intend that soon we will retire This matter probably isn't very important. But if we are about 30 years old, we should pay some attention to this matter. Digital Accounting Office of the Department of Business Development It should be a criterion for choosing your accounting office -- the dbd link used to be an important factor, but now it may not be certain. With today's technology, this criterion has come to the bottom. In the past, trust created confidence. We might want to go see the location. Or see each other's faces But at present, this kind of matter may be replaced by various technologies. For example, if we want to see each other's faces, we can video call and talk without having to travel to send documents. We can share files or send emails or many other things. Filing tax forms is done via the internet. Payments are made. Through mobile banking, if we do accounting on the cloud, we may be working in different provinces or different countries, but the information is up-to-date. Inspections and clarifications to the Revenue Department are allowed to be sent electronically. Yes, and the trend will increase more and more from the prompt biz policy.

Finally, this is an additional factor if all of the above qualifications have been met. Let's take a look at this one.

Protection
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Practicing the accounting profession must have a license issued by the Federation of Accounting Professions. (Agency that controls the accounting profession in Thailand similar to the Lawyers Council or the Medical Council) Did you know? There is a rule that requires accounting offices that are juristic persons to have collateral to insure against liability to third parties. (Accounting firms in the form of natural persons will not be required by the Federation of Accounting Professions to have this protection.)