Unigin Ventures · Insights
Practical guides on fundraising, finance, accounting and tax for startup and SME founders, from the Unigin Ventures team.
A month-end checklist, how to estimate accrued expenses from documents you have, an example where profit was overstated by 30%, cut-off checks at month-end, and the tax risk at year-end.
Read the articleThai labor law treats retirement as termination, so severance of up to 400 days' pay is coming. How to estimate the provision under TFRS for NPAEs, record it each year and handle the tax.
How an imprest petty cash fund works, how to size it, the documents every payment needs, a worked replenishment with the journal entry, and the controls that make the fund easy to check.
The three tests that require a provision, how to estimate warranty costs from your own claims history, which lawsuits you record and which you only disclose, and why they are added back for tax.
Code every cost to a job, apply overhead with a predetermined rate and estimate cost to complete each month, with an example job whose margin slid from 20% to 6% and showed it by month 3.
One bookkeeper can't separate duties like a big company can, but the owner can share them. See the four duties to keep apart, a task table, compensating controls and a 30-minute monthly review.
Design a chart of accounts that rolls up to the Thai statutory line items and still shows which products really make money: numbering, accounts versus dimensions, tax accounts and how to switch over.
Work back from the four-month approval deadline: what to finish before year end, how to run the stock count, the adjustment checklist, what auditors ask for, and the filing dates that follow.
Your books and bank statement rarely match, but every baht of the gap should be explained. How to separate outstanding cheques from items to record, a sample workpaper, and a one-day routine.
Build an aged receivables report, set a doubtful accounts allowance under TFRS for NPAEs, record write-offs, and meet the 200,000 and 2 million baht tests that make bad debts tax-deductible.
Thai companies must use accrual accounting, so profit is not cash. One month with two answers, a simple monthly bridge from profit to cash, and why fast growth makes cash tighter.
How bookkeepers, certified public accountants and tax auditors differ in Thailand, how to check them before hiring, what the engagement letter must cover, and how to compare quotes on a full-year basis.
Who can use TFRS for NPAEs, five areas where it is simpler than the full standards, the options added in the 2022 revision, and a lease example that nearly doubles debt-to-equity.
Unigin Ventures
Unigin Ventures invests in and supports startups and SMEs with capital and advice on finance, accounting, legal matters and technology.
