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Accounting and Financial Reporting

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Accounting and Financial Reporting

Companies today face growing demands for transparency in their financial records. Accounting work is expected to be completed faster and more efficiently, and the information needed has to be available accurately and quickly. We are here to support you with the following services.

  • Keeping statutory books in line with the Turkish Commercial Code, the Tax Procedure Law and the Uniform Chart of Accounts issued by the Ministry of Finance,
  • Preparing the trial balance, balance sheet and income statement for monthly and annual periods under the relevant legislation,
  • Carrying out year-end closing under the Uniform Chart of Accounts and preparing quarterly and year-end financial reports such as the balance sheet and income statement for submission to the authorities,
  • Preparing tax returns within the scope of your tax obligations and filing them with the authorities,
  • Compiling financial statements under International Financial Reporting Standards / Turkish Financial Reporting Standards (IFRS – TFRS).
An experienced, professional team
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Reliable Accounting Services for Your Company

Accurate accounting records are the foundation of tax compliance, sound management decisions and access to finance. At Altis Danışmanlık we take on companies’ accounting services end to end, from keeping the statutory books to periodic financial reporting, and give management clear information on time. From our offices in Kavacık (Beykoz), Istanbul and in Ankara, we serve corporations, foreign-owned companies and growing businesses.

Scope of Our Accounting and Financial Reporting Services

Statutory books and record keeping

The journal, general ledger and inventory book are kept in line with the Turkish Commercial Code, the Tax Procedure Law and the Uniform Chart of Accounts. e-Ledger, e-Invoice and e-Archive processes are managed within the legal deadlines and certificate (berat) uploads are monitored.

Tax returns and period-end closing

VAT, withholding and social security, provisional tax and corporate tax returns are prepared and filed on time. The monthly trial balance, quarterly provisional tax closings and year-end closing are carried out together with depreciation, rediscount, exchange difference and provision calculations.

Financial statements and management reports

Besides the balance sheet and income statement, we prepare cash flow analyses, budget-to-actual comparisons and cost-centre reports and present them to management regularly. This way you can see your company’s financial position every month, not only at year end.

IFRS / TFRS reporting

For companies with foreign shareholders, companies subject to independent audit and businesses reporting to a group abroad, financial statements are compiled under International Financial Reporting Standards and Turkish Financial Reporting Standards, and the differences between the statutory records and IFRS are reported clearly.

Why Outsource Your Accounting?

  • Lower cost: Instead of paying for a full-time accounting team and software infrastructure, you pay only for the service you need.
  • Up-to-date legislation: Our team follows changes in tax and accounting legislation and reflects them in your records on time.
  • Lower penalty risk: Filing returns and notifications correctly and on time reduces the risk of irregularity and tax loss penalties.
  • Focus on management: We handle the routine work, so you can focus on growing your business.

How We Work

  1. Initial meeting and analysis: We review your operations, document flow and current record-keeping.
  2. Handover and set-up: We take over prior-period records and adapt the chart of accounts and reporting structure to your needs.
  3. Monthly operations: Documents are recorded, returns are prepared and monthly reports are shared.
  4. Period end and advisory: Closing entries are made, and we offer tax planning and improvement recommendations.

Frequently Asked Questions

Can you take over our accounting from another firm?

Yes. We take over your prior-period books and records, check the opening balances and report any issues that need to be corrected.

Do you report in English for foreign-owned companies?

We prepare IFRS/TFRS-compliant financial statements for the group reporting needs of companies with foreign shareholders and can also present reports in English when needed.

Do you manage e-Ledger and e-Invoice processes?

Yes. Creating and signing e-Ledgers, uploading certificates and keeping your e-Invoice/e-Archive set-up compliant are all part of our service.

How are fees determined?

Fees depend on your company type, the number of monthly documents, the number of employees and the reporting scope you require. We send you a tailored proposal after an initial meeting.

Let’s review your accounting processes together. Reach us through our contact page or call +90 216 680 44 30.

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