This checklist covers nine operating tasks discussed in the source video. It is a starting point for organizing a company, not a complete statement of Thai legal or tax obligations. Requirements depend on the company, activities, revenue, employees, and rules in force at the time.
Set up the financial workflow
- Open a business bank account. Keep company receipts and payments separate from personal transactions.
- Check VAT registration. Confirm whether the business meets the current registration criteria and when an application is due.
- Understand the business cycle. Map how orders, delivery, payment, returns, and supporting documents move through the company; assign clear responsibilities.
- Document sales. Set up quotations, delivery notes, invoices, receipts, and sales reports appropriate to the workflow.
- Document purchases and expenses. Use purchase orders where appropriate, record goods received, verify supplier invoices, and schedule payments.
- Control inventory. Record stock movements, raw-material withdrawals, and completed goods received.
- Manage cash. Record cash receipts, deposit funds promptly, document disbursements, and define petty-cash controls.
- Arrange accounting. Consult a qualified accountant, keep supporting records, and prepare financial statements as required.
- Track tax filings. Identify relevant corporate income tax, withholding tax, VAT, and other obligations, then confirm forms and due dates.
Confirm current obligations
Tax registrations, thresholds, forms, and deadlines can change and are fact-specific. Verify current requirements with the Thai Revenue Department or a qualified accountant before acting. Do not rely on a general video checklist as individualized legal, accounting, or tax advice.
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