Accounting Samut Prakan
Accounting for factories, warehouses, and import-export businesses
Accounting for factories, warehouses, and import-export businesses
Samut Prakan has one of the highest concentrations of factories and warehouses in Thailand, and it sits on the main goods gateway. Businesses we serve here share two characteristics: high-value inventory that turns quickly, and a large workforce made up of monthly salaried staff, daily workers, and subcontractors. These two areas are where accounting mistakes happen most easily, because the numbers move every day but are recorded monthly. We provide accounting for Samut Prakan businesses with a focus on keeping stock figures and payroll figures in the accounts aligned with reality each month — not discovering large variances at year-end.
What we handle
Fast-moving inventory vs. records that fall behind
Warehouses that receive and dispatch goods every day often use a separate inventory system from the accounting system. When the two systems are not reconciled on a regular basis, discrepancies accumulate until the year-end count turns into a large unexplained sum. This is both an accounting problem and a difficult question when someone asks. What we set up is a monthly reconciliation point between the warehouse system and the books, so that variances are caught while they are still small and traceable.
Multiple types of employees in one factory
Most factories have regular staff, daily workers, and workers from subcontractors. These three groups have different compensation methods, tax withholding rules, and social security obligations. When they are all paid through the same payroll cycle, mistakes tend to recur every month without anyone noticing. We separate the calculation methods for the three groups clearly in the payroll system, and have a lawyer in the same office check that employment documents for each group match the actual payment method.
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 Samut Prakan
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