Legal accounting in Turkey is considered a main pillar in the composition of companies of all types in Turkey, and the financial accountant in Turkey or known as (The financial advisor) is the legal entity representing the company before state institutions, any new company cannot be registered in Turkey legally unless a certified financial advisor is appointed by government agencies in Turkey.
Below we will explain what is legal accounting in Turkey, who is the financial advisor in Turkey? And what are the key roles?
The Importance of the Legal Accountant in Turkey
It is indispensable for any company that is registered in Turkey to appoint a financial accountant, who serves as an official representative of the company before the government institutions.
As the need to appoint a financial accountant for the company in Turkey begins from the moment of its establishment, to follow up the procedures for registering the company in the Ministry of Finance and the Chamber of Commerce, in addition to changing the trade name, and for the moment the company is dissolved and liquidated, and other procedures.
What are the Key Roles for the Sworn Legal Accountant?
The legal accountant has an important role within the company, where he is in charge of organizing the company’s accounts and makes annual budgets, he is responsible for preparing the registration document and information, following up on tax legislation, and auditing the company’s accounts according to the unified accounting system, in addition to his job in certifying many of the company’s official papers.
Moreover, one of the most important jobs of the sworn financial advisor in Turkey; converting the company’s accounts into reports that comply with the accounting system adopted in Turkey, which is authorized to certify the correctness of the taxes payable after auditing the accounts, both monthly and quarterly, which are tasks that may only be performed by the approved financial advisor.
In addition, one of the functions of legal accounting in Turkey (financial advisor) is to address the Ministry of Labor, and submit requests for work permits for employees and workers of the company, as well as to register them in the tax system properly.
To perform such tasks, the financial accountant can be a full-time financial accountant, working in the company full-time, or be an external accountant. It often depends on the size of the company and the extent of its business.
Edited by: Trustus Company©
