MONTHLY ACCOUNTANT FEES IN TURKEY; ASK OFFER

MONTHLY ACCOUNTANT FEES IN TURKEY; ASK OFFER

The most curious issues of entrepreneurs and business owners who will establish a company for the first time in Turkey are the monthly expenses and costs to be encountered while the business activities continue. These costs include accounting service fees that must be paid every month. Some of the questions that entrepreneurs are curious about the answers to in this regard are as follows;

"How much are the accounting fees, are the accounting fees fixed, how are the accounting fees calculated, how much is the accounting fee of a limited liability company, how much is the accounting fee of a joint stock company, how much is the accounting fee, how to calculate the accounting fee of a limited liability company, how to calculate the accounting fee of a joint stock company, are the accounting fees paid every month, how much are the accounting fees of a company that does not have an activity, how much is the accounting fee of an import export company, Are accounting fees paid monthly, what criteria are taken as a basis when calculating the accounting fee, does the accounting fee change according to the number of employees, does the accounting fee change according to the number of invoices, how much are the accounting fees of a limited liability company with a single partner"

In this article, we will try to discuss the details of how accounting service fees are calculated in Turkey and what criteria are taken into account when calculating accounting service fees. We believe that the information given in the article will be useful in terms of presenting an idea.

ACCOUNTANT FEES IN TURKEY

In the accounting services provided by accountants in Turkey, the minimum accounting fees (base fees) to be charged are determined by the Ministry of Treasury and Finance of the Republic of Turkey every year by law and announced in the official gazette.

The fee schedule published in the official gazette is clarified on a provincial basis, according to the four economic groups into which the provinces are divided. The fee tariffs to be applied on a provincial basis are published by the professional chambers to which the Independent Accountant Financial Advisors are affiliated.

In other words, accounting base fees in Turkey are published by law every year and announced in the official gazette.

Published by the Istanbul Chamber of Certified Public Accountants, in 2024 in Istanbul (And 1. In the group provinces) for the fee schedule to be applied; 22072024-2024-2-donem-onerilen-asgari-ucret-tarifesi.pdf (ismmmo.org.tr)

HOW ARE ACCOUNTING FEES CALCULATED IN TURKEY?

Accounting fees included in the tariff determined by law every year in Turkey refer to minimum wages. In other words, although the fees in this tariff determined by law are base wages, accounting services cannot be provided below.

On the other hand, in addition to the wage schedule that includes the base wages, the following criteria are taken into account when calculating the net accounting fees specific to the companies; The sector of the company, the number of fields of activity, the number of branches, the number of workers, the number of invoices, the number of bank transactions, importing and exporting, the annual turnover of the company, having VAT refund processes, whether there is an e-ledger obligation, whether it is an e-invoice taxpayer and similar criteria.

The main reason why these criteria are taken into account when determining the accounting service fee is the variability of the working hours to be worked for the services to be provided by the Independent Accountant Financial Advisor according to the scope of the accounting services to be provided to the company. In other words, as the scope of accounting services to be provided to the company expands, the working hours to be provided for accounting services increase.

For example, the working hours of accounting services to be provided to a company with ten monthly sales invoices and a company with five hundred monthly sales invoices will be different. Criteria such as the company's import-export files, the number of workers, VAT refund processes, having more than one branch, working with more than one bank, and the number of bank transactions are the factors that directly affect the working hours of accounting services.

At this stage, it is very important to plan the working hours for the accounting services to be provided within the scope of the needs of the company in order to advance the accounting processes on a healthy basis and to avoid financial risks.

When accounting services are evaluated in terms of the address to be received; Getting service from an address that does not make an analysis and time planning according to the needs of the business, does not employ qualified personnel according to business needs, and cannot spare enough time for your business, even if it is a little cheap, will do more harm than good to your business. For this reason, when receiving a quote for accounting services, it is very important to determine the right address to receive service.

GET AN ACCOUNTING QUOTE IN TURKEY

To get an accounting service offer in Turkey, send the following information to us by our whatsapp application support line +90 551 104 31 72 or iletisim@eryilmazmuhasebe.com.tr email adress. 

Name and Surname;

Your phone number;

Your e-mail address;

Type of Your Company ( LLC, JSC etc.);

Title of Your Company (Or to be newly established);

Your company's address;

Sector / Field of activity;

Number of workers;

Average number of sales invoices per month;

The average number of expense bills per month;

Number of banks worked with;

Average number of bank transactions per month;

Do you have import and export?

Is there a VAT refund?

Is there an e-ledger obligation?

Is there an e-invoice obligation?

average annual turnover;

Are there any branches?

Do you have an In-House Accounting staff?

What you want to add;

ISSUES TO CONSIDER WHEN GETTING ACCOUNTING SERVICES IN TURKEY

While receiving Financial Consultancy accounting services, the issue that is more important than accounting fees is to determine the right address to receive service. At this stage, it is necessary to decide only on the basis of fees and to receive services from an inadequate address; It may cause your business to not be adequately protected against financial risks, or to not benefit from government supports and incentives offered at various times, or to be exposed to many hidden tax and financial costs.

To put it bluntly, many entrepreneurs and company owners may not be sure exactly what to expect from a Financial Advisor Accountant when receiving accounting services. Many also think that accounting services are just the submission of tax returns.

It is worth mentioning that accounting services are not just about keeping accounting books and preparing tax returns. For this reason, the care shown in the selection of personnel should also be shown when choosing the address where the financial advisor will receive accounting services. A correct and adequate financial consultancy team will protect your business against financial risks, guide you in all matters, and guide you so that you do not fall into cost traps.

It is highly recommended that you consider the following criteria when choosing an accountant in Turkey.

1- Is there an Accounting Authorization Certificate? The first question to ask when choosing an accountant is whether they have a CPA (Independent Accountant Financial Advisor) certificate and license. This is one of the most important issues in terms of avoiding problems in accounting processes and ensuring that your business progresses on a healthy basis against financial risks.

2- How are accounting fees determined? Accounting fees are mostly determined annually and paid in the form of fixed monthly fees. At this stage, does the accountant analyze the specifics of your business before making a bid? Does it transparently disclose your financial needs? Is it planning an effective accounting process for your business? Good accountants analyze your business in detail before making a quote and plan an accounting process specific to your needs.

3- Are Accounting Services Provided by a Single Person or a Team? The accounting profession is a highly dynamic profession. New laws are constantly being enacted, tax legislation is changing every day. At this stage, receiving service from an address that serves as a single person may cause you not to be able to allocate enough time for your business, not to take care of your business adequately for some special personal reasons (accident, illness, death, injury, etc.), and as a result, you may face various financial penalties and sanctions. The presence of an expert team will support your business in all aspects, protecting your business against financial risks.

4- Do They Have Other Customers in the Same Industry? It will be beneficial for your business if the financial advisor accountant serves other companies in the sector where your business is located and is experienced in that sector.

5- Will He Be Able to Allocate Enough Time for Your Work? Or Will You Be Able to Reach Out When You Need It? Quick support that is available when needed will always support your business.

The resume of the accountant candidate can be full of achievements. And he can be very experienced. However, accounting offices that cannot plan time, try to serve the company more than their capacity, and do not employ qualified personnel according to customer needs will do more harm than good to your business. To understand this, you can ask whether the accounting office serves with a team, how many people you can get services from with your company's accounting processes, and whether there is a separate audit team.

6- Is there an investment in technology and qualified personnel?

Turkey's tax laws and accounting practices are highly dynamic and volatile. It is clear that it is essential to determine a dynamic approach in the face of this dynamic structure. Technological tools and changing accounting practices that change every day make the accounting processes of companies transparent and cause various technological needs to arise.

Electronic obligations are increasing day by day in accounting applications according to criteria such as sector, field of activity and business volume of companies. Tools such as e-ledger obligation, e-invoice obligation, e-waybill obligation, e-archive invoice transactions, e-notification transactions, financial seal activation transactions make the accounting processes of companies transparent. Companies that do not fulfill such obligations under the law may face heavy financial obligations and penalties.

At this stage, when receiving accounting services, it is important that the address to be served is not only experienced, but also serves with a dynamic team, and invests in technological tools and qualified personnel. An expert and dynamic team will guide you to protect your business, as well as not to fall into various cost traps.

You can always contact us to get an up-to-date accounting fee quote specific to your business in Turkey.

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