Accounting and Turkish localisation

The basic flow

Invoice  →  Posting  →  Payment  →  Bank reconciliation  →  Report

While an invoice is a draft it can be changed freely. When it is posted it goes into the accounting journal and from then on represents the past: it is not changed, it is corrected through a credit note or cancellation.

The chart of accounts

The Turkish uniform chart of accounts is installed. Product categories, taxes and payment methods are mapped to accounts; when this mapping is done correctly there is no need to choose an accounting account during daily work.

Taxes and withholding

Next to the VAT structures, the Turkish localisation also carries withholding (tevkifat): the withholding rate is set on the line and the invoice produces both the withheld amount and the declaration side correctly.

Tax offices and Turkish banks are also defined in the system; on partner records they are chosen instead of typed as free text.

e-Invoice and e-Archive

The chain works like this:

1. The invoice is created and posted in the system.

2. Whether the buyer is an e-Invoice taxpayer is checked; the e-Invoice or e-Archive route is chosen accordingly.

3. The document is sent to the Revenue Administration (GİB) through the integrator.

4. The status is followed: sent, accepted, rejected.

5. Incoming e-invoices land in the system and are turned into vendor bills.

The connection to the integrator is provided by a separate module and its credentials are kept in the system settings.

Bank and reconciliation

Bank transactions are imported into the system and matched with invoice/payment records. The reconciliation screen makes suggestions; an approved match closes the accounting entry.

Regular reconciliation keeps the answer to "has it been collected?" ready at any moment — the amount due on the order screen in chapter 16 also comes from here.

Budget

The budget module lets you set targets per account and period and compare them with the actuals. The budget turns the backward-looking face of accounting into a forward-looking tool.

Reports

Standard financial statements (balance sheet, income statement, trial balance, ageing) and an accounting dashboard are available. Remember that the dashboard shows no sample data (chapter 7): an empty dashboard says there is no data — it does not invent any.