DBD e-Filing, financial statement delivery system that every accountant should know ✨

DBD e-Filing, financial statement delivery system that every accountant should know ✨

🔸 Update postponing the submission of financial statements to heal the impact of the Covid-19 virus epidemic.

Guidelines from the Department of Business Development Extension of deadline for submitting annual budget

- for partnerships Extending the deadline for submitting financial statements and Por Ngor Dor 50 to August 31

- For the company, a letter explaining that the general meeting of shareholders cannot be held within the time specified by the law. and resubmit within 1 month from the date of the meeting

Why we need to learn DBD e-Filing system DBD XBRL format in Excel (V.2.0)

For the submission of the financial statements for the year 2020, there are 2 important announcements from the Department of Business Development regarding the submission of financial statements of juristic persons.

1. Department of Business Development Requesting for juristic persons to submit financial statements via DBD e-Filing system, format DBD XBRL in Excel (V.2.0), which informs that from January 1, 2020, the service will be available for submitting financial statements in DBD XBRL in Excel format (V .2.0) only, which means that DBD XBRL in Excel (V.1.0) has been deprecated.

2. Department of Business Development "Close the channel for sending financial statements by mail, starting from 1 January 2020"

A simple summary is For the submission of financial statements for the year 2020 (must be submitted from January 1, 2020 onwards), there are only 2 ways to submit financial statements as follows:

1. Submit financial statements in DBD XBRL format in Excel (V.2.0)

2. Submit the financial statements in paper format by yourself but must be submitted via DBD e-Filing system again within 7 days (meaning that after submitting paper financial statements manually The financial statements must also be submitted in XBRL in Excel (V.2.0) format.)

Therefore, all accountants in Thailand need to learn DBD XBRL in Excel (V.2.0) system in order to submit correct financial statements to the Department of Business Development. and deliver it within the legal time limit Otherwise, a fine may be incurred. In case of late submission of financial statements or not submitting financial statements So let's start getting to know DBD XBRL in Excel (V.2.0) system.

🔸What is DBD XBRL in Excel (V.2.0)?

It is a service system for receiving financial statements electronically of the Department of Business Development. By applying XBRL (eXtensible Business Reporting Language) technology, which is the international standard technology for receiving electronic financial statements (e-Filing) used around the world. In short, XBRL technology is used on Microsoft Excel. What are the benefits for Thai accountants? Does it make it easier to deliver financial statements?

How does DBD XBRL in Excel (V.2.0) help accountants submit financial statements easier than filing paper forms?

1. Fast processing more accurate and precise because it uses technology to help verify the preliminary information before submitting the financial statements, such as checking whether in the statement of financial position Show assets equal to liabilities + shareholders' equity?

2. Increase the convenience and speed of delivery No need to pay and waste time traveling to submit financial statements by yourself.

3. Reduce document storage or reduce the use of paper (Paperless)

For anyone who hasn't learned how to use it. You can easily follow the steps below. But first!! must explore that Are we ready to use it?

🔸Prerequisites before submitting financial statements in DBD XBRL format in Excel (V.2.0)

1. Computer running Windows (Microsoft Windows XP Service Pack 3 or higher) only.

2. Microsoft Office (version 2003 and above)

3. Web browsers that can be used are Google Chrome, Internet Explorer, Firefox.

4. Java Runtime Environment (Install first time only once started)

5. Attachments as required by law, such as financial statements of a limited company. Two documents must be attached which are the Certified Public Accountant's report page and the notes to the financial statements. which must be in PDF format only.

🔸 Process of submitting financial statements in DBD XBRL format in Excel (V.2.0)

1. Go to the website www.dbd.go.th > select DBD e-Filing > select Submit financial statements online.

2. Fill in the Username with the corporate number and the password that you have set.

3. Download and activate the program DBD XBRL in Excel (V.2.0).

4. Fill out financial statements through DBD XBRL in Excel (V.2.0) program.

5. Validate and convert data to XBRL file.

6. Bring XBRL file (.zip extension) to submit financial statements via DBD e-Filing system.

7. Fill in the information for submitting financial statements such as auditor information. accountant information Date of the meeting to approve the financial statements

8. Attach the document in PDF format (depending on the type of juristic person), for example, a limited company must attach the page of the auditor's report and the notes to the financial statements.

9. Press to confirm the submission of the financial statements at the message “I hereby certify that Statements stated in the financial statements and other attachments The accompanying package has been prepared completely and accurately. truthfully and according to the law.”

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