Annual Financial Closing & Financial Statements
Year-end adjustments, financial statements and annual filings, prepared and ready for your auditor.
YEAR-END CLOSING
A Structured Year-End Close
Every Thai limited company must close its accounts, have its financial statements audited, approve them at a shareholders’ meeting and file them with the DBD and the Revenue Department. We prepare complete, well-supported year-end records to help your audit run smoothly and your filings meet the deadlines.
Who This Service Is For
✓ Companies that keep their own books during the year
✓ Businesses whose records need year-end adjustments or clean-up
✓ Companies changing accountants before year-end
✓ Owners who want audit-ready financial statements
SCOPE OF SERVICE
What Our Year-End Service Covers
Fees depend on the volume and condition of your accounting records. Contact us for a quote after a short review.
What You Will Receive
✓ Financial statements prepared under Thai Financial Reporting Standards
✓ Supporting schedules: trial balance, account analyses and fixed asset register
✓ Corporate income tax return (PND.50) prepared for submission
✓ Support with filing financial statements and the shareholder list with the DBD
✓ An organised year-end file for your records and your auditor
How Year-End Closing Works
A clear plan from your last transaction to your final filing.
1. Review Your Records
We review your ledgers and supporting documents and agree the closing timeline.
2. Adjust & Prepare
We make year-end adjustments and prepare the financial statements and schedules.
3. Audit Support & Filing
We answer auditor queries and prepare the PND.50 and DBD filings once statements are approved.
Frequently Asked Questions
What are the key year-end deadlines?
Audited financial statements must be approved at a shareholders’ meeting within four months of the year-end and filed with the DBD within one month of approval. The corporate income tax return (PND.50) is due within 150 days of the year-end, or 158 days if filed online.
Is an audit required for my company?
Yes. The annual financial statements of a Thai limited company must be audited by a licensed auditor before they are approved and filed.
Can you close the year if our books are incomplete?
Yes, but we first need to bring your records up to date. We will tell you what is missing and how long it is likely to take.
Can the same firm prepare and audit our financial statements?
Professional independence rules restrict an auditor from preparing the financial statements it audits. We structure our engagements to keep the audit independent and will explain your options during the consultation.
Further reading: How to prepare your business for an external audit