Should I Keep a Notebook While Doing E-Commerce?
According to the tax laws, you are obliged to keep books in the manner determined for you and to record all your commercial transactions in these books in accordance with the tax laws.
Which procedure are you subject to?
Merchants (those who trade) are divided into two classes in terms of bookkeeping. First class merchants keep books on a balance sheet basis, and second class merchants keep books on a business account basis.
Real person taxpayers can keep books on a business account basis when they first start working. However, it is also possible for taxpayers to keep books on a balance sheet basis upon their own request.
Joint stock and limited companies must keep books on a balance sheet basis under all circumstances.
What Books Do You Have to Keep?
Bookkeeping Based on Balance Sheet:
If you are subject to the balance sheet principle, you must keep the following books.
Journal Book
The journal is a book in which the transactions that need to be recorded are written regularly and itemized in date order.
General Ledger (Ledger-i Kebir)
The ledger is the ledger that takes the transactions recorded in the journal, distributes them to the relevant accounts in accordance with the procedure, and collects them in these accounts in a classified manner.
For example: If payments of 1,000 TL, 300 TL, 500 TL and 2,400 TL were made from the cash register at different times during the day, all of these payments should be recorded in the journal with explanations. After these transactions, a total payment of 4,200 TL appears in the cash account in the general ledger.
Inventory Book
Inventories and balance sheets issued on the date of commencement of work and at the end of each subsequent accounting period are recorded in the inventory book.
Bookkeeping Based on Business Account:
If you are subject to the business account principle, you must keep a business account book.
The left side of this ledger is the expense section, and the right side is the revenue section.
In the expense section: Money paid or borrowed for goods purchased or services rendered and all other expenses related to the business are recorded.
In the revenue section: Money collected for goods sold or services rendered, receivables and all other revenues obtained from business activities are recorded.
What is the certification obligation?
The journal, inventory and business account books that you have to keep in accordance with tax laws must be certified by notaries.
The books are certified by the notary of the place where the workplace or, if there is no workplace, the place of residence is located.