EXPERTISE
Accounting to Foreign Companies
It is important to follow the activities of an international business in Turkey in accordance with the local legislation.
Fields of expertise Home
Scope and working area
International groups want to be comparable to the company center of financial records in Turkey. Local registration system, reporting expectations and tax calendar should be designed compatible.
Thanks to my English communication and foreign trade history, I pay attention to the establishment of an open communication between financial records and operational processes. This study model can help foreign managers to follow their activities in Turkey easier.
Accounting processes in foreign partners operating in Turkey require the evaluation of the main company’s reporting expectations and local legislation. The process flow of the company in the first study, currencies, billing method and group calculation processes are mapped.
Communication with group companies can be created in common calendar for Turkish-English document descriptions, import/export bills and period closings. Financial reporting format and document responsibilities between the overseas center and Turkey office are clearly defined.
Setup risk, foreign money records, bill applications of commercial contracts and check lists are prepared in terms of country-based reporting requirements. The assessment of experts related to tax agreements and legal interpretations is fundamental.
10 working subjects
- Local accounting plan for foreign partners
- In-group car account and consensus processes Home
- Coordination of multi-currency transactions records u
- Determination of Turkish-English financial report formats
- Import and export invoice document control
- Closing and sharing time with the main company
- Tracking in-group service and cost documents
- Turkey declaration and notification calendar Home
- Document coordination with foreign representatives u
- Document archive ready for internal control and inspection
Working approach
Working approach
Determination of scope
Process and document evaluation
Tracking and communication
Frequently Asked Questions
Frequently Asked Questions
Is the accounting of foreign partners?
Reporting and consolidation needs of foreign partners on the basis of registration in accordance with Turkish legislation can also be determined.
Can the English financial report be prepared?
English disclosure management reports can be edited if data and scope is appropriate.
How to evaluate bilateral taxation agreements?
Related countries, income type, residence and agreement provisions are reviewed.
How to report to the home company abroad?
Account plan matching, periodic closing and consensus calendar is created.
How to prepare documents of foreign managers?
Noteer, translation, certification and authorization requirements are listed according to transaction type.
How to record foreign money transactions?
The date of the transaction is addressed according to the accounting/mevzuat provisions regarding the calculation and registration scheme.
Can inter-group transactions also be tracked?
Associated accounts and consensus can be reported periodically.
Need Transfer pricing file?
Document analysis is performed according to the relevant company and processing conditions.
Does employee payrolls according to Turkish legislation?
Turkish business and social security rules are reviewed according to the type of employment in Turkey.
How to plan VAT and stop operations?
Notification and control calendar are created by separateing trade classes.
How to document capital from abroad?
Trading type is evaluated with bank, registration and notification documents.
How to check international supplier bills?
Service/mal separation, contract, payment and taxual results are reviewed.
Are the supporting file prepared for audit?
Registration, consensus and opener work papers can be edited in advance.
Can a remote meeting with foreign partners?
Secure communication and translation needs are determined and the online process can be executed.
How to prepare a service offer?
The company volume is created in writing scope according to the number of countries, reporting language and processing complexity.
Related working areas
Related working areas
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