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Accounting & Tax Reporting service for SMEs in Thailand.

Just send us / upload your receipts, payments, bill through our app and we'll record them for you. We'll also prepare your monthly Tax Filing as well as other statutory filing and compliances.
Now serving Bangkok and Koh Chang and expanding to Phuket, Hua Hin and Pattaya very soon.

Get Started Speak to an Accounting & Tax Specialist
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What is bookkeeping?

Bookkeeping is a daily process of recording financial details and transactions therefore accurate reports can be generated and it is also a requirement of Thai Law that companies keep their financial books for at least 5 years.

  • Record financial transactions (income / expenses)
  • Post debits and credits
  • Keep and balance current accounts, historical accounts and general ledgers
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What is the difference between Bookkeeping and Accounting?

A bookkeeper is responsible to record every business transaction and to record them according to the type of the transaction (debit & credit) as well as sighting the necessary proof of each transaction. An accountant analyses the information. The accountant would prepare the financial statements, give financial advice and sign off accounts.

When you choose UnionSPACE to handle your accounting and tax matters, we will also take care of your bookkeeping for you.

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How Accounting & Tax Reporting Service with UnionSPACE works?

Once you've sign up for your desired accounting package, you'll be assisgned to an Account Executive. Your Account Executive will assist you in all your on-boardiing needs. We'll send you a list of documents and basic details that we'll need from you therefore we can set up your account in our accounting software. Once we've obtained all the necessary information, we will inform you and send you the login to our app whereby you can start sending us your financial documents (receipts, bills, invoices) as when it happen. We recommend that you send us your receipts/bills as when it happen.

What you get when you outsource your Accounting & Tax Reporting to UnionSPACE Thailand

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Books that are up-to-date

Send us your receipts, bills and invoices the minute you have them. We will record them and you don't have to worry about missing receipts and invoices.

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Dedicated bookkeeping team

You get a personal bookkeeper who knows your business and financial records. Should you have a questions about your accounts, you can expect an direct and concise answer from your assigned bookkeeper within 24 hours.

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Avoid penalty and on-time report

Our SOPs ensure that your company tax filing is prior the deadline therefore you will never get caught off guard.

When you choose UnionSPACE Accounting & Tax Reporting service, you can be sure that your company books will be taken care of according to the Thai Legal requirements and that your company tax obligations are in compliance.

What to expect?
  • Monthly management Profit & Loss Statement — by 10th of the following month
  • Monthly updated Balance Sheet — by the 10th of the following month
  • Monthly VAT Calculation and Statement (PP.30) — if applicable
  • Monthly Tax Calculation and Preparation (Form PND.1, 2, 3, 53 and 54 and PP.36) — whichever applicable

Get 2 additional months for free when you prepay for 1 year.

Unlike other accounting firm or accounting agency who charges you by revenue or expenses, we charge you by the number of transactions your business incurred a month because as your bookkeeping team, the number of transactions reflects the amount of work we need to put in for you.

See our Accounting Plan — Are you a VAT Registered Company?

  • Domestic Transactions Only — VAT Registered Company

    Dormant

    Less than 5 transactions per month.


    Only THB3,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Silver

    Less than 30 transactions per month.


    Only THB7,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Gold

    Less than 100 transactions per month.


    Only THB10,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Platinum

    Less than 200 transactions per month.


    Only THB18,000

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

  • Domestic Transactions Only — Non-VAT Registered Company

    Dormant

    Less than 5 transactions per month.


    Only THB2,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Silver

    Less than 30 transactions per month.


    Only THB6,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Gold

    Less than 100 transactions per month.


    Only THB8,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Platinum

    Less than 200 transactions per month.


    Only THB16,000

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

  • International & Domestic Transactions — VAT / Non-VAT Registered Company

    Dormant

    0-5 transactions per month.


    Only THB8,000

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Silver

    6-30 transactions per month.


    Only THB16,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Gold

    31-100 transactions per month.


    Only THB28,500

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

    Platinum

    101-200 transactions per month.


    Only THB45,000

    per month


    What's included?

    • Recording of all of your financial transactions (income and expenses)
    • Preparing all applicable Tax Submission (PND 1 / 3/ 53 PP 30)
    • Monthly Tax Filing
    • Semi-annual Reporting to DBD & Revenue Department
    • Annual Reporting to DBD & Revenue Department
    • Document Sorting & Archiving

Only at UnionSPACE, your monthly transactions will be automatically rolled over to the following month when you sign up for our Accounting service for 12 months. How it works? If you sign up for our Silver Accounting Plan, you get 30 transactions a month or 360 transactions a year. You are not subject to overage fee as long as your total number of transactions for the 12 months is below 360 transactions.

Additional Services

EOY Audit from THB35,000
Revenue Department Liaison Service THB4,500 per trip
Social Security Registration THB5,000
Payroll, per person THB850/month
Employer of Record Service 15% of the monthly salary
Change of Business Address THB15,000
Trademark Registration THB40,000

Talk to our expert right now

Go to a live chat with one of our agents and get the answers straight away.

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Why choose UnionSPACE Accounting & Tax Reporting Service?

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  • Upload and forget — Yes, all you need to do is to send us all your receipts, bills, invoices and etc. and we will take care of the rest.
  • Our services comes with Service Level Guarantee — We're committed to deliver consistency.
  • We simplify — We love to keep things simple. Ask us a question and we will answer them honestly and straight-forwardly.
  • Free Document Filing & Archiving — Send us all your receipts, invoices & bills and we will sort and store them for you in our secured climate controlled storage.

Trusted by over 520 businesses in Thailand

93%

of customers recommend us

6,800+

clients worldwide

4

offices in Bangkok

4

Speaks Thai, English, Burmese & Russian

What They Say

Leonardano
Superverse Co Ltd

Thanks Jake for handling our accounts and tax reporting so promptly. Appreciate your patience when you were attending to our questions initially.

What They Say

Pla
MyHushies

I didn't know accounting is so easy. All i do is upload all my receipts and invoices and you guys sort out everything for me. Thank you

What They Say

Paul Lim
Zen Design

You guys really make doing business in Thailand alot easier. Bookkeeping & Monthly Tax Reporting all sorted. Thanks alot!

FAQ

  • How it works
    How does your Accounting & Tax Reporting packages work?

    We've created several packages based on the most common business scenarios and for simplicity and fairness, our accounting & tax reporting packages is based on the number of transaction you have. Every income or expenses recorded is counted as 1 transaction.

    Are you going to work with my accountant?

    As your bookkeeper, your accountant will be happy to work with us. Your accountant may download and analyze your books and offer you advise based on that. Your ledger as well as Profit & Loss Statement and Balance Sheet is available online.

    Will I have to do anything myself?

    You need to send us your receipts and invoices in any format you have them, like scans or pictures on your phone. You may also send us physical copies of it if that is easier for you. Besides that, we will do everything that is needed and you will receive your report and any other payment instruction according to our Service Commitment.

    Why is the prices different between VAT Registered Company and Non VAT Registered Company

    The slight fees difference is due to the amount of work and report we have to commit for VAT Registered Company. VAT Registered Company has more requirements and has to adhere to stricter control under the Revenue Department.

    Cash basis or Accrual basis bookkeeping?

    Depending on your business or accountant, you may opt for either one. The most common bookkeeping method practiced in Thailand is basis basis bookkeeping.

    What are the things to consider when choosing between single-entry or double-entry? Well first, consider the volume of daily transactions and the amount of revenue you earn.

    A single-entry bookkeeping process is a straightforward method in which you make one entry for each transaction. A cash book is typically used to track incoming revenue and outgoing expenses. This method suits small businesses and sole proprietorships that do not buy or sell on credit, own little to no physical assets and hold small amounts of inventory.

    According to double-entry accounting, every transaction affects two accounts and is recorded as a debit or a credit. If you make a $10 sale, your cash account will be debited for $10 and your sales account will be credited for the same amount. The total credits must always equal the total debits in a double entry system to balance your books. This makes sense for larger businesses which buy and sell credit.

    The next step is choosing between a cash or accrual basis for your bookkeeping. This decision will depend on when your business recognizes its revenue and expenses. In cash-based, you recognize revenue when you receive cash into your business. In the accrual method, revenue is recognized when it is earned.

    Why is it better to outsource your bookkeeping service?

    Its cheaper and more efficient for you. By outsourcing your bookkeeping, you save on cost as well as management effort and you can be sure to receive your financial statements and ledger in time. You do not need to worry about human resources problems too. Outsourcing your bookkeeping also helps businesses to ensure transparency among its staffs as well as partners.

    When you outsource bookkeeping, you can scale your services up or down as your business needs change. In many cases, outsourcing your bookkeeping is more cost-effective (sometimes by a substantial amount) than hiring a full-time bookkeeper and covering all expenses.


  • What it is
    Are bookkeeping and accounting the same?

    Bookkeeping and accounting are closely connected, but they’re two different things. Bookkeeping takes care of tracking and sorting the documents. Any time you spend, lose or make money, your bookkeeper adds it to the books. Your accountant then builds reports using these numbers. The government requests these reports to calculate how much tax you owe and whether you are exempted from some of it.

    What does bookkeeping mean?

    Bookkeeping means literally making sure invoices and slips don’t get lost. In business, every time you move money or assets, like when you buy or sell something, there’s some sort of document tracking that action. It is bookkeepers job to collect, categories, and reconcile them.

    Why bookkeeping is important?

    The bookkeeper is in charge of document organization. If your docs are in chaos, you might miss an invoice, or assign a wrong account. If that mistake goes into your reports unnoticed, you might file taxes incorrectly: pay more, or worse, get fined. If the accountant finds the mistake, it will take time to go back and fix it, which might result in more fees or penalties.

    Why is preparing financial reports so complex?

    Accounting professionals strive to provide accurate and reliable financial information to interested parties. Financial information, in the accounting industry, refers to information found on the financial statements of a company that tells how well or badly a company is performing. Users of financial information, generally creditors, investors, and potential creditors and investors, rely on the information included in the company's financial statements to make decisions about their interactions with it.

    Creating reports that provide financial information can sometimes be problematic. Reporting errors are among the most common problems that occur during the reporting process. It occurs as a result of things such as miscalculations or transposing numbers.

    Financial reporting has become more challenging in recent years due to the complex nature of business transactions, as well as greater investor, regulatory, and public scrutiny. A company's financial reporting should reflect economic and business reality according to which investment decisions are ultimately made, so hiding that reality can in turn affect investors themselves, as well as lenders, investors, customers, suppliers and employees. There is a widening concern that there is a detrimental effect on confidence in financial reporting systems due to the increasing complexity of financial reporting standards themselves, as well as the consequences of fraudulent inaccuracies in financial statements.

    Can I do my own bookkeeping?

    If you are a freelancer or run a home-based business there are compelling reasons to do your own bookkeeping. It saves you money, puts you in control, and you really get to understand your business’s finances. You can also make sure that your business is compliant when it’s time to pay tax as you know that your records are accurate and complete and you have all expenses recorded so you can make the most of tax deductions.

    However when your business grows, and you’re working more on making more sales, and strategies to grow your business, this is when you need to outsource your small bookkeeping to a trusted partner who you can trust to make accurate and complete financial records at the end of each month.


  • Other questions
    How to set up my business accounts?

    When you incorporate your company in Thailand, your company incorporation service provider will usually provide you the necessary documents for you to go to your preferred bank to set up your company bank account. You will need to inform them of your preferred bank, branch as well as account type and currency required for your bank account.

    What bookkeeping software do you use?

    We partner with PEAK ACCOUNTING SOFTWARE to process and record all your accounts. PEAK is one of the most popular accounting software in Thailand.

    Can I switch from another accounting firm to UnionSPACE Bookkeeping?

    Absolutely. We make the transition seamless on your end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents. If your account is in a mess, we can contact DBD and other gov't agency for you to obtain the necessary information as long as we have your authorization to do so.


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