Whether for newly established companies or long-standing businesses experiencing growth, having an effective accounting and financial reporting system is essential. More importantly, regardless of a company's size, management must have a structured financial system that enables them to accurately analyze operational results and make strategic decisions in a timely manner.

In today's business environment, companies need to:

• Save time and reduce personnel costs

• Ensure full compliance with tax regulations and legal requirements

• Minimize error margins

• Secure their financial data

To achieve these objectives, companies must implement an effective financial, accounting, and management system tailored to their business needs.

Additionally, with the enforcement of Turkish Commercial Code No. 6102, accounting practices and financial reporting systems have entered a new era. Turkish companies must comply with Turkish Accounting Standards (TAS), Turkish Financial Reporting Standards (TFRS), and their associated accounting principles when preparing financial statements.

In line with these regulations, the Public Oversight Accounting and Auditing Standards Authority (KGK) has mandated TFRS for Public Interest Entities (PIEs) and gradually expanded its scope. From January 1, 2018, the Financial Reporting Standard for Large and Medium-Sized Enterprises (BOBI-FRS) was introduced, requiring businesses meeting specific criteria to adopt this standard.

This transformation in accounting and reporting practices has significantly impacted companies’ financial statements, including:

• Asset valuation (real estate, inventory, and depreciation calculations)

• Deferred tax assets and liabilities

• Provision for doubtful accounts and retirement benefits

• Financing income and expenses

• Presentation of financial and non-financial liabilities

This shift affects not only companies' financial structures but also their relationships with investors, creditors, and international stakeholders. For instance, dividend distribution policies, capital adequacy ratios, financial commitments, and financial statements shared with domestic and foreign business partners are all influenced by these changes.

Companies must ensure their financial reporting is transparent, understandable, comparable, and aligned with international standards. NT Finance Partners provides accounting system implementation and financial management consulting services to help businesses adapt to these changes.

ERP Systems

To maintain an efficient accounting and financial reporting structure, companies require Enterprise Resource Planning (ERP) systems. ERP solutions integrate accounting, finance, production, human resources, customer relationship management (CRM), and supply chain operations into a unified framework.

ERP systems encompass various business functions, including:

• Cost Management

• Production & Inventory Management

• Financial Planning & Reporting

• Customer Relationship Management (CRM)

• Human Resources Management

• Budgeting & Forecasting

• Foreign Trade & Logistics

• Post-Sales Services

• Business Intelligence & Data Analytics

NT Finance Partners, with its interim management expertise, assists businesses in identifying and implementing the most suitable ERP solutions. Through the Financial Check-Up® model, we analyze company operations and ensure seamless integration with all departments.

Tax Planning & Reducing Financial Burdens

Tax planning is essential for minimizing financial liabilities while maintaining full legal compliance. NT Finance Partners helps businesses optimize tax benefits through strategic financial planning.

Our tax planning services include:

• Optimizing financial statements to maximize tax advantages

• Assessing current tax obligations

• Developing strategies to minimize future tax liabilities

• Identifying tax incentives and exemptions

• Implementing international tax planning and transfer pricing strategies

This service helps businesses manage their financial resources efficiently and build a sustainable financial structure.

At NT Finance Partners, we specialize in accounting, financial reporting, ERP implementation, and tax planning, providing tailored solutions that support companies' growth and financial stability.