Accounting & tax

Accounting Udon Thani

Accounting for wholesale, border trade, and rental income

Udon Thani is the wholesale hub of upper Isan and a gateway for trade with Laos. The businesses we serve here include wholesale shops that supply retailers across provinces and borders, family businesses that have operated for generations, and property owners with income from dormitories, shophouses, and land for rent. These two groups face different accounting challenges. Wholesale businesses deal with cash customers who do not request tax invoices, while rental property owners often mix income under personal names and company names. We take on accounting work for Udon Thani businesses by separating these two issues before starting.

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

Wholesale when customers don't ask for tax invoices

Many wholesale shops sell to small retailers who pay in cash and resell the goods. These customers often don't request tax invoices, so documented sales can diverge from actual revenue. The problem isn't just on the revenue side—when recorded sales don't align with purchases and remaining stock, the whole set of numbers doesn't add up. Our approach is to issue sales documents every time based on actual transactions, and handle customer details correctly by customer type, rather than not issuing documents at all.

Dormitories and rental buildings—whose name are they in?

Rental income often starts with property owned by an individual or family member, and later a company is set up to manage it. When the property owner and the income recipient are not the same person, you need to answer who earns the income and whether the lease agreement and cash flow are consistent. This must be decided before recording entries, not after. So we have a lawyer in our office review the ownership structure and agreements first, then design the accounting method to match the actual structure.

Accounting & tax services Lawyers in Udon Thani

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.

Free initial consultation 092-254-2045

FAQ — Accounting Udon Thani

2 questions answered

Yes, but we need to first review the past records to see what's outstanding. The issues are usually in earlier periods. We'll summarize what needs fixing before starting work, and the order in which to handle things.

Yes, it's different. Export sales require customs documentation and proof of payment that matches the sales documents to claim full benefits. We'll separate domestic and export sales clearly in the accounts from the start.