Green Deal Compliance Project Support: Compliance, Risks, and Integration from an Accounting and Advisory Perspective
OzbekCPA Assessment The European Green Deal is not merely an environmental transformation for companies; it represents a comprehensive shift that directly impacts financial reporting, cost structures, tax compliance, accounting systems, and corporate governance. In Türkiye, the Green Deal Compliance Project Support has been introduced to facilitate this transition. When structured correctly, this support mechanism offers […]
Regulations on Bookkeeping in Foreign Currency in Turkey
Legal Framework Regulations on Bookkeeping in Foreign Currency in Turkey are primarily governed by Article 215 of the Turkish Tax Procedure Law (VUK) and related secondary legislation. Under this framework, statutory books must, as a general rule, be maintained in Turkish Lira (TRY), unless specific authorization is granted for foreign currency bookkeeping. Foreign currency bookkeeping […]
Delivery Note in Turkey :Definition, Legal Basis, Issuance Requirements and Compliance Risks
Delivery Note in Turkey is a mandatory commercial document regulated under Articles 230 and 231 of the Turkish Tax Procedure Law (VUK). The document evidences the physical movement of goods and constitutes a critical control point within Turkey’s tax audit framework.Failure to comply with statutory issuance requirements may trigger special irregularity penalties under Article 353 […]
Reconciliation Services in Turkey
The accuracy of a company’s financial records depends not only on proper bookkeeping but also on the regular verification and alignment of these records with third parties. Reconciliation services ensure financial reliability and transparency by verifying that the receivable, payable, inventory, bank, and intercompany accounts in financial statements match official records. What Is Reconciliation? Reconciliation […]
Invoice Issuance Service
For all companies operating in Türkiye, invoice issuance is a legal obligation governed by the Turkish Tax Procedure Law and related regulations. Managing invoicing processes accurately, timely, and in full compliance with legislation is essential — not only for regulatory compliance but also for maintaining financial transparency and corporate credibility. At ÖzbekCPA, we provide invoice […]
Operating Method of Expense Accounts: Turkish Accounting System and Uniform Chart of Accounts
Importance of Expense Accounts Within the Turkish Uniform Chart of Accounts (TDHP), the correct operation of expense accounts is essential for ensuring the reliability of financial statements. Particularly with the 7/A option, production and operating expenses play a critical role in calculating costs accurately and determining the company’s profit or loss for the period. General […]
Accounting and Payroll Services in Turkey: Essential Solutions for Compliance and Efficiency
Accounting and Payroll Services in Turkey are essential for companies aiming to maintain operational efficiency while ensuring full compliance with local laws. In a competitive business environment, accurate financial management and proper employee payment processes are critical to avoiding costly penalties and sustaining long-term success. Understanding Accounting Services in Turkey Accounting services go beyond simply […]
Payroll and Accounting Services in Turkey
Achieving success in the business world is not limited to offering quality products or services. Proper financial management and accurate employee payments are critical to the sustainability of businesses. At this point, payroll and accounting services in Turkey come into play. Many companies in Turkey benefit from professional support in these areas to make their […]
How is Company Performance Measured Using Financial Ratios in Turkey?
Financial statements are the most fundamental source of information about the financial health of companies operating in Turkey. However, it is the analysis of this information through financial ratios that makes the data presented in these statements meaningful. Financial ratios reveal a company’s performance in key areas such as liquidity, profitability, efficiency, and return on […]
Outsource Accounting vs. In-House Accounting in Turkey: Which is the Best Option?
For businesses operating in Turkey, managing financial processes effectively is key to sustainable growth and compliance. With evolving tax legislation, strict payroll obligations, and complex financial reporting standards, companies must choose between two main accounting models: building an internal accounting department or outsourcing accounting services in Turkey. In this article, we compare outsourced accounting vs. […]