Financial Advisory · Accounting
Every record on time,
every statement complete.
From the journal to the balance sheet, from cash flow analysis to BA/BS notifications — every link in the accounting chain is managed with precision. Financial statements are structured not merely as a legal obligation but as the foundation of management decisions.
Professional Framework
CPA
Certified Public Accountant (SMMM)
Service Scope
Accounting records simultaneously manage a company's financial past and future. A properly maintained ledger is not merely a document submitted to the tax authority — it is a management tool showing cash position, costs and profitability.
From maintaining journal, general ledger and inventory books within the VUK framework to monthly trial balance preparation, from periodic balance sheet and income statement to cash flow analysis — the entire accounting process is managed from a single perspective.
The accounting infrastructure can be built from scratch or files taken over from an existing accountant can be reviewed and improved. In both cases, the filing schedule is managed without interruption.
Service Areas
Six components, managed in one file.
The scope of accounting services is not limited to general headings. The following components are actively managed every period.
Statutory Bookkeeping
Maintaining journal, general ledger and inventory books within VUK scope; structuring the chart of accounts according to the company's area of activity.
Journal, general ledger, inventory book
Ongoing monthly recording cycle
Monthly Trial Balance
Verification of intra-period accounting records; checking of account balances and bank reconciliation.
All account groups
Monthly trial balance report
Balance Sheet and Income Statement
Preparation of periodic and year-end financial statements; verification of asset-liability balance and presentation to management.
Periodic and year-end
Balance sheet and income statement
Cash Flow Analysis
Monitoring periodic cash inflows and outflows; reporting the liquidity position in an understandable format for management.
Operating, investing, financing
Cash flow statement
BA/BS Notifications
Preparation of monthly BA/BS form notifications and timely submission to the GIB system; stamp duty tracking.
5th of the following month
Purchases and sales exceeding threshold
Financial Planning Advisory
Bridge from accounting data to management decisions; periodic trend analysis, cost assessment and financial perspective.
Profitability, cost, growth analysis
On demand and year-end
Working Model
From document to return, every step defined.
The accounting process is not simply about record-keeping. Timely document delivery, correct entry, filing of returns and complete end-of-period reporting — the schedule for each step is shared in advance.
Document Delivery System and System Setup
The method and schedule for delivering invoices, receipts and bank statements are determined. Accounting software and e-transformation systems are set up or the prior file is taken over. The chart of accounts is structured according to the company's sector.
Monthly Accounting Entry and Journalising
Documents are received and recorded according to the agreed schedule. A document trail is maintained for each entry; journalising is done in compliance with VUK. E-transformation documents are processed simultaneously into the system.
Trial Balance Control and Reconciliation
After monthly recording is complete, account balances are checked. Bank and cash reconciliation is performed. Inconsistencies are resolved jointly with the company; the trial balance report is shared.
Return and Notification Preparation
VAT, withholding and other relevant returns are prepared in accordance with deadlines. BA/BS notifications and stamp duty obligations are met on time. Additional returns are prepared for provisional tax periods.
Period Close and Financial Statement Presentation
The period-end balance sheet and income statement are prepared. A cash flow report and cost summary are presented to management. The next period's schedule is shared; tax planning is placed on the agenda.
Practical Example
An accounting month completed in four phases.
The calendar below shows the typical monthly accounting cycle of a manufacturing company with 12 active employees. Dates are based on VUK and GIB regulations and may vary according to company-specific circumstances.
Days 1–5: Document Delivery
- Submission of invoices, receipts and bank statements for the previous month
- BA/BS notification deadline: 5th of the month
Days 5–20: Entry and Journalising
- Entry of all documents into journal and general ledger
- Integration of e-invoice and e-archive documents into the system
- Monthly e-ledger declaration (if applicable)
Days 20–25: Control and Reconciliation
- Monthly trial balance preparation and account check
- Bank and cash reconciliation
- Return draft preparation and final review
Days 25–26: Returns
- VAT return: by the 26th of the month
- Withholding return: by the 26th of the month
- Payroll and SGK declaration (by the 26th)
Critical Dates
Three fixed return dates every month.
Frequently Asked Questions
The most common questions in accounting.
Which businesses are required to maintain accounting records?
All commercial businesses operating in Turkey are obliged to maintain statutory books under VUK. Those maintaining books on a balance sheet basis (generally capital companies and other businesses exceeding a certain turnover threshold) are required to keep journal, general ledger and inventory books. A simpler recording method is prescribed for small businesses applying the operating account basis.
How frequently should accounting records be made?
VUK requires documents to be processed on time, which in practice means a monthly recording cycle. Leaving accounting records until the filing period significantly increases both the risk of error and the possibility of penalties. Akbaş applies a monthly regular recording model for all client files; documents are received at the start of the period and reconciliation is achieved before returns are filed at the end.
Are the balance sheet and income statement prepared every period?
Preparation at year-end is legally mandatory; however, quarterly periodic reporting is recommended for management decisions. Provisional tax periods (4 times per year) also trigger financial statement preparation. Intra-period reporting allows early identification of cash shortfalls, profitability issues or budget variances.
What is a BA/BS notification and what happens if it is not submitted?
BA/BS is an obligation requiring the monthly reporting to GIB of purchase and sales transactions above a certain threshold. The threshold value is regularly updated by regulation, so close monitoring of the legislation is necessary. Failure to submit or incomplete submission results in a special irregularity penalty under VUK. Akbaş manages this notification on a monthly schedule for all client files.
What should I pay attention to when changing my current accountant?
During the handover, the documents to be obtained from the previous accountant, the status of any open filing periods, the transfer of GIB and SGK access credentials and the arrangement of e-transformation authorisations are the priority. The handover timing should be carefully planned to avoid any interruption to the filing schedule. Akbaş manages the entire handover process; the company only needs to provide the required signatures.
accounting assessment
Let us assess your accounting infrastructure together.
We listen to your current recording level, open periods and potential risks. We determine together which areas can be managed more effectively.
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