e-Ledger

Infotek, as your solutions partner, provides you with Infotek e-Ledger Integration along with the powerful and easy to use ERP solution Microsoft Dynamics NAV.

 

You can find detailed information about the e-Ledger below.

It has become compulsory to keep the e-Ledger according to the provisions of the Tax Procedures Code and the Turkish Commercial Code with the Electronic Ledger General Communiqué numbered 1, which entered into force in 2011.

XBRL (EXtensible Business Reporting Language), an international standard supported by Microsoft Dynamics NAV has been used as a reference.

Electronic signatures for real persons, financial seal for legal entities will be used to ensure the integrity and consistency of the e-Ledger prepared in accordance with international standards.

At the first stage, it is envisioned to keep the journal and the ledger within the e-Ledger. In the following stages, all legal books will be formed under this scope.


What are the advantages of eBook application?

• Eliminates printing and approval obligations in the paper environment. These processes can be fulfilled with electronic tools in the electronic medium.

• Allows notebooks full of information to be stored in the virtual environment without needing to store them in archive rooms or storage.

• Zero paper, print, toner/cartridge costs.

• It is a green application.

• Easy control with common format and standard.

• Save time by minimizing user-generated errors.


 

Frequently Asked Questions

1Who can benefit from e-Ledger application?
The real and legal persons bearing the conditions laid down in the Electronic Ledger General Communiqué numbered 1 can benefit.
2Can the books be kept both on paper and as e-Ledger?
No, they can't be. Within the scope of the paper numbered 1, one of the two bookkeeping methods should be preferred.
3What is e-Ledger holder?
It is the file containing the information of the books created with the appropriate standards within the scope of the communiqué numbered 1 and approved with the financial seal.
4What is the timestamp? Is it mandatory?
A timestamp is a tool that proves that particular data exists on a given date.
In case of a problem that occurs during the loading of e-Ledgers into the GIB (Revenue Administration) system, timestamp should be used together with the financial seal to prove the time of legal formation. There is no obligation to use the timestamp notification. It is a protective feature for the taxpayers.
5Are the accounting records transferred to the GIB (Revenue Administration)?
The accounting records within the scope of e-Ledger will not be transferred to GIB (Revenue Administration). Only the e-Ledger holder with the e-signature or the financial seal will be transferred. The records will be kept on the taxpayer's side.
6For whom is it mandatory to switch to the e-Ledger?
Taxpayers who have mineral oil license under the law numbered 5015 dated 04.12.2003 with a gross sales revenue of at least 25 million TL as of 31.12.2011 for the calendar year of 2011.
Taxpayers who have manufactured, built or imported goods listed in the Annex (III) of Law No. 4760 of 06.06.2002 and who have a gross sales revenue of those of 10 million TL as of December 31, 2011 for the calendar year of 2011.
Electronic solutions will include all taxpayers with gradual transition in the near future with the timing that the lawmaker will set.
7How can I apply for the e-Ledger?
Real and legal persons who have e-Signature or financial seal can apply from this link . It is possible to voluntarily switch to e-Ledger system. Taxpayers who are outside the conditions set by the law maker may voluntarily switch to the system. It is not compulsory for volunteer taxpayers who switch to this system, to switch to the e-invoice system as well.
8How and when should the closings of the paper books be done that belong to the previous periods of the transition to e-Ledger?
If the application has started at the beginning of the accounting period, the closing of the paper books of the previous accounting period must be done within the legal periods specified in the Turkish Commercial Code. This period has been stated as "until the end of the sixth month of the following operating period".
If the application has started within the accounting period, the period of time during which the approval of the closing of the paper books belonging to the dates prior to the application is to be made as indicated in the Electronic Notebook General Communiqué no. 2 as follows:
ARTICLE 4 - "... Electronic bookkeeping may be started within the accounting period or the calendar year, but those who start to hold electronic books within the accounting period or the calendar year shall make their closing statements to their old books within a period of one month following the date of their start with the electronic bookkeeping.
9At which periods are the opening and closing approvals done in the e-Ledger application?
Opening Confirmation
According to the Electronic Ledger General Communiqué numbered 1, for real persons and legal entities "Receiving of the e-Ledger holder of the first month of the accounting period in the electronic bookkeeping process will replace the opening approval. Since e-Ledger holder loading time is until the last day of the third month following the month in which it is concerned, holders loaded for the first month of the accounting period during these periods will replace the opening approval.
Closing Approval
According to Electronic Book General Communiqué numbered 1, for real persons and legal entities, "In the electronic bookkeeping process, taking the e-Ledger holder of the last month of the accounting period will replace the closing approval".