ACCOUNTING AND FINANCIAL SERVICES

Finline Group

ACCOUNTING AND FINANCIAL SERVICES

ACCOUNTING AND FINANCIAL SERVICES

Accounting and financial services includes various types of services used in business to comply with local regulations.  Services also involve consultation and planning to improve business performance and other necessary business needs.

Finline Group offers a complete range of accounting services for your company, divided into several modules:

Bookkeeping Services in Turkey

Bookkeeping services (bookkeepers) help businesses manage cash flow transactions including all of the company's purchases, sales, receipts, and payments. Bookkeepers make sure that these transactions are posted to the correct ledger in accordance with accepted financial accounting services and practices. It is essential that bookkeepers maintain accurate records because this information is used to prepare the company's tax returns. Bookkeeping software can help maintain accuracy as well as eliminate much of the paperwork associated with manual bookkeeping practices.

Payroll Services in Turkey

Payroll services handle all aspects of payroll processing and employee payroll tax filing. Employers submit payroll data to the payroll service provider electronically or over the phone. Payroll service companies then process this data and transfer the appropriate funds from the employer to the employees via check or direct deposit. After the payroll processing is complete, payroll service companies will provide payroll reports to the employer.

Tax Services in Turkey

Tax services prepare Turkish tax regulations returns for businesses based on the company's cash flow for the given year. Many businesses choose to consult accounting tax service providers for guidance on making tax-efficient business decisions. Additionally, accounting tax services can provide consulting with regard to tax law and compliance.

Audit Services in Turkey

Accounting audit service providers ensure that their clients' financial information is being managed in compliance with accounting standards and regulations. Both public and private companies often choose to work with auditors to certify that no dishonest behavior such as embezzlement or misuse of funds is going on inside the organization. This practice reassures investors and employees that the company is being managed properly. Audits can be performed by an external auditing firm or by an internal member of the accounting department. However, internal accountants cannot audit any documents with which they were involved in any way. Some companies choose to use external auditing firms to eliminate the bias that is sometimes associated with internal auditors.

Any discrepancies revealed by an accounting audit must be resolved immediately. Some or all of the following items may be reviewed for discrepancies during an accounting audit:

  • Ledgers
  • Bank statements
  • Payroll
  • Tax information
  • Internal financial reports
  • Official published reports
  • Accounts payable
  • Accounts receivable

Many accounting firms that offer audit services will also offer attestation, which is the act of bearing witness in a legal setting. A company may need attestation services to prove that appropriate action was taken after encountering a major financial problem within the company.

Financial Planning Services

Financial planning firms help businesses plan for the future. Business owners often consult financial planners to determine the best steps to take in order to reach their monetary goals. The financial planning process involves setting objectives, evaluating resources, and making plans to work towards those objectives.

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