Accounting Chonburi
Accounting for factories and suppliers in industrial estates
Accounting for factories and suppliers in industrial estates
Chonburi is a manufacturing hub where most businesses sit in the production chain: factories in industrial estates, component makers supplying big plants, subcontractors, and companies with overseas parent firms. Their accounting has challenges retail doesn't: production costs built from raw materials, labor, and factory overhead; multiple inventory categories at once; and tax rules tied to the incentives they receive. We handle accounting for factories and suppliers in Chonburi by getting the cost structure right from the start, because if that framework is wrong, the full-year profit will be off with no warning.
What we handle
BOI businesses must separate accounts into two parts
When a business receives BOI promotion, the incentives apply only to the promoted business, not the whole company. If a company has both promoted and non-promoted activities, it must keep income, costs, and expenses for each part visibly separate throughout the year — not allocate them retroactively when closing the books. This is one of the most scrutinized points. We design the chart of accounts and the allocation method at the start of the year, with documentation to back the approach.
Imported raw materials: cost goes beyond the price tag
Imported raw material costs include several items that arrive at different times: the invoice price, freight, insurance, import duty, and port expenses. Because the paperwork doesn't all come in together, many businesses book only the invoice price and plan to adjust later — but often don't. That leaves inventory cost too low and profit overstated during the year. So we set a cut-off to have the full import package before closing each month.
Talk to us about your accounts
Tell us what the business does and what state the books are in. We will say what to start with and what needs fixing for prior periods.
FAQ — Accounting Chonburi
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