ACCOUNTING & BOOK KEEPING

Accounting & Book Keeping

Plato CA’s main objective is to take our clients’ varied schedules and strict deadlines into account and provide accounting, tax, payroll and financial services, enabling them to maximize the efficiency of their business in Turkey

Keeping control of your accounting obligations, both at home and overseas, requires access to experienced accountants.Our local, in-country, accounting team are dedicated to helping you comply with local reporting requirements. We also offer a wide range of accounting related services to help improve your international operations.We behave as an extension to your finance department; helping you to stay on top of the reporting and regulation risks often presented by international trade.

Although we are an accounting firm in Istanbul,  we offer our accounting services throughout Turkey by understanding our clients’ needs and expectations. As a certified public accounting firm our services include payroll, tax advisory, a long with accounting services that target to maximize the efficiency of our foreign clients’ business.

 

Plato CA Services For the Foreign Investors

Foreign entrepreneurs who are looking to set up a business in Turkey need rapid solutions. Pato CA specializes in assisting these clients by providing a full range of accounting services, allowing our clients to focus on more important aspects of running a company. Having a varied client base, we are able to service all of your accounting needs in Turkey. We have been helping many different kinds of foreign entrepreneurs that look for an accountant in Istanbul or throughout Turkey.

Accounting Services Provided by Plato CA

- Accounting
- Bookkeeping
- Auditing
- Tax Advisory
- Outsource Payroll
- Financial Reporting
- Financial Consultancy

 

Accounting Services

- Establishing accounting and cost systems, and organizing the accounting departments
- Providing bookkeeping services under the supervision of our foreign language-speaking experts
- Year-end closing of the statutory books
- Preparation and declaring of VAT, witholding tax, stamp duty, quarterly/yearly corporate tax declarations, etc.

 

Accounts Receivable Services

We can help control your operational risk, making sure you to stay compliant with local regulations surrounding invoicing and receivables.

- Our local teams give you visibility of in-country laws and methodologies that can differ hugely to your primary business location’s domestic rules.
- We provide a localised system, making you compliant when issuing invoices and making sure your credit control functions to operate efficiently overseas.


Account Payable Services

We help control your costs, helping you to stay compliant with local regulations surrounding the payment of invoices.
- Our local teams can assist with the arrangement and settlement of invoices.
- Cash management – we can help you set up and run bank accounts.
- Payments – we can run local settlement of invoices in line with your corporate controls.
We also offer a range of supporting services such as:
- Staff placement – short or long term resource issues can be alleviated by utilising our global workforce.
- M&A assistance – if you need back office support in a short time frame or more technical support long term, our experts and business model will help you achieve your strategy.
- In-house training – we can help upskill your staff on local regulatory issues and any significant changes to the accounting landscape.
- Ad-Hoc project support – we  have experience in a board range of areas such as reorganising accounting systems, bank payment administration, expense reporting and establishing accounting control procedures.
- Local expertise – direct access to qualified accountants around the globe to help in unfamiliar territories and unfamiliar situations.

 

Reporting Services

We can help your entities become and remain compliant with Turkish and international accounting laws and policies.

Legislation and regulations can differ hugely across borders. Using our in-country experts, you can stay on top of regulatory changes through having access to a team of qualified accountants who strive to understand your business.

We have an unique business model that allows us to respond to your needs. Because we are wholly owned and on-location, we can meet both your domestic requirements and offer central co-ordination across all your locations. This removes the requirement of managing multiple teams or a variety of 3rd party suppliers - allowing you to enter new markets, scale up (or down) and drive cost reductions and transparency in a controlled, rapid way.

Our local reporting systems combined with our talented local teams allow for:

- Preparation of all kinds of financial reporting, and preparation of management reports, budgets, cash flows, etc.  İn local GAAP and IFRS (USGAAP, IFRS, consolidation reports, etc.)
-  Creation and submission of annual financial statements.
- Support of global audits.
- Tailored management reports.
- Consolidated reporting at the required frequency with accompanying reconciliation between statutory and management reports.
- Accomplishing other miscellaneous tasks and preparation of special reports upon request

Payroll Services

- Preparation of payroll
- Preparation of payroll slips and setting up payment orders via internet banking
- Preparation and declaration of Social Security and withholding tax declarations
- Monitoring banks to verify timely payment of salaries

 

Outsource Payroll

Plato CA specializes in providing outsource payroll services in Turkey. We offer payroll and payroll related services, plus oversee social security operations in Turkey. We also offer payroll, social security and withholding tax services for the expatriate staff of foreign investors.

 

Payroll Services

- Registration of new employee and related information
- Payroll calculation, including all details
- Monthly submission of payroll sheets
- To inform client of tax withholding and social security payments
- Communicate to official authorities for any relevant changes to employee’s status
- Consultancy service regarding issues employment procedures
- Preparation of legal reports for official authorities
- Deregistration of employee

 

Payroll Elements

Employee Deductions

- Social Security Insurance Deduction
- Social Security Insurance Unemployment Deduction
- Income Tax
- Stamp Tax

 Employer Deductions

- Social Security Insurance Deduction
- Social Security Insurance Unemployment Deduction

Calculation of Net Salary
Gross Salary (Total Employee Deduction + Income Tax + Stamp Tax)

 

Accounting Review Services

What are the advantages of realizing accounting review services through outsource? You will find out "Accounting Review Services" in this section.

- Checking the conformity of accounting records with GAAP and Turkish tax legislation
- Verifying the adequacy of the statutory books according to the Tax Procedures Law and the Turkish Commercial Code
- Preparation of tax declarations or checking tax declarations prepared by the company
- All kinds of accounting and tax consultancy

 

Bookkeeping Services

Keeping control of your bookkeeping obligations, both at home and overseas, requires access to experienced accountants.

Our local, in-country, accounting teams are dedicated to ensuring the integrity of your books by processing transaction in line with local legislation and best practice.

As a part of its business Plato CA offers bookkeeping services in Turkey with its well trained staff. Journal ledger, inventory ledger and general ledger management is fulfilled by us in accordance with Turkish law and regulations. Financial statements can be prepared based on the management of these ledgers

Plato CA’s bookkeeping services are tried and tested, backed with years of experience so our clients don’t have to worry about encountering local issues. We provide a blend of expertise with the support of technology, making us a go-to solution for bookkeeping requirements both domestically and internationally.

International trade may expose organisations to multiple issues that are not present in their domestic markets. Whether it is language, localisation, regulation, document storage or technology issues, we are dedicated to meeting our clients’ needs as effectively as possible by leveraging our infrastructure and expertise in a way that means our clients do not need a collection of 3rd party suppliers or to hire locally themselves.

We offer a range of bookkeeping services which include:

- Maintaining general and subsidiary ledgers.
- Employee benefits and expenses.
- AP and AR services.
- Making supplier payments.
- Treasury and banking.
- Inventory.
- Fixed asset (tangible and intangible).
- Leases, loans and finance.
- Closing/general ledger accounting.
- Management reports (profit and loss, balance sheet and cash flow statements).
- Monthly VAT, Monthly and quarterly Withlolding Tax, Quarterly Income Tax and Yearly Income Tax filing