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SUWANVARA LAWFIRM
Suwanvara Law Firm Co., Ltd.
SUWANVARA LAWFIRM
SUWANVARA LAWFIRM
Suwanvara Law Firm Co., Ltd.
Accounting & tax

Accounting Lopburi

Accounting for businesses whose income comes in cycles, not every month.

Accounting for businesses whose income comes in cycles, not every month.

Lopburi's economy is based on field crops such as sugarcane and corn, and includes growers, crop collectors, processing factories, and contractors working for government and local industry. These businesses do not have income patterns like retail: revenue arrives in cycles tied to harvest seasons or project milestones, yet expenses and filing obligations occur every month. What usually hurts a business is not a loss but a cash-flow mismatch with its obligations. We provide accounting services to Lopburi businesses by preparing monthly obligation estimates in advance alongside regular accounting work.

What we handle

Monthly bookkeeping, transaction recording, and trial balance preparation
File withholding tax (ภ.ง.ด.1/3/53) and value-added tax (ภ.พ.30)
Close annual financial statements, file ภ.ง.ด.50/51, and submit to the Department of Business Development
Prepare payroll, payslips, and remit social security contributions
Take over from previous accountant, and perform a retroactive account review before accepting the engagement

Contracting work with milestone payments

Contractors are paid according to delivered and accepted work stages, which often do not coincide with the months when costs are incurred. Recognizing revenue solely on the date cash is received distorts yearly financial statements and makes profits hard to explain. The correct approach is to recognize revenue in line with completed work and to keep all delivery and acceptance documents for every stage — documents that are often lost when the client is a government body with its own procedures.

Crop trading and cash in the harvest season

Harvest season is when crop-collecting businesses must make large cash payments to growers in a very short time. Purchase documents are the only evidence that supports a full year's costs. Businesses that fall behind on paperwork during this period often never recover the evidence. So we prepare purchase document templates and recording procedures in advance, before the season starts, rather than trying to reconstruct them afterward.

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 Lopburi

2 questions answered

Monthly filing obligations remain even when there are no transactions that month — those can be filed as zero. What we add is an estimate of obligations for months when income does arrive, so the owner can set money aside in advance.
The difference is in delivery and acceptance procedures, which require specific paperwork, and there is often a retention withheld. We separate these items clearly in the accounts so the outstanding receivable balance can be explained at any time.