With the globalization of international trade and business, financial information prepared according to a localaccounting standard does notalways satisfy the needs of foreign investors whose decisions are more international in scope. In some ways, local information may even be aproblem for businesses as well as investors. Foreign investment companies have to have global and local accounting solutions. The presence of these two traits are critical factors for both day to day operations and decision making, as well as the successful execution of growth strategies. Accounthink offers a consolidated solution for local and international needs with our outsourcing services.

Outsourcing helps companies to focus completely on to their Core Businesses and delivers the finance function by daily, weekly, monthly and yearly financial reporting.

Accounthink will help your organization increase its efficiency and install a robust reporting system to give you a definitive view of your company’s overall finances and daily interactions.

The Turkish local accounting system is quite different from other countries where the tax regulations affect the accounting system more profoundly than in Europe or America.

Our company helps international companies by filing all tax returns and government obligations while simultaneous reporting all accounting information in English and in accordance with parent company needs.

Services within the scope of accounting are:

• Statutory Book-Keeping according to Turkish Chart of Accounts both local and foreign currency.
• Book-keeping according to Parent Company Chart of accounts and filling the monthly reporting packages according to Parent Company format.
• Preparing monthly, quarterly and annual tax provision calculations, validating the tax balance sheet accounts and implementing new accounting standards under IFRS and local GAAP.
• Converting of financials according to Inflation accounting system if needed according Turkish regulations.
• Accounting system implementation, designing the accounting system based on clients’requirements.
• Book-keeping according to IFRS or conversion of financial statements to IFRS in a monthly, quarterly or annual basis.
• Intercompany, debtor, creditor, bank reconciliations.
• Preparing and Submitting VAT, Wİtholding tax, Stamp tax, Pre-paid corporate tax, corporate tax returns.
• Preparing and submitting other tax obligations including BA-BS forms