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What is the Accounting Chart of Accounts? Who is it Mandatory for?

Basically, the accounting chart, as its name suggests, is the record table where accounting transactions are recorded. The items included in accounting transactions are listed according to a certain system in the accounting chart, which is also called the uniform chart of accounts. In this respect, it should not be overlooked that it is an official and standardized chart of accounts when answering the question of what is a uniform chart of accounts. The codes and account classes in the accounting chart of accounts, which started to be used in our country as of 1994, cannot be changed. For this reason, companies that are required to keep an accounting chart of accounts must comply with these guidelines specified in the chart of accounts description. So, for whom is the accounting chart of accounts mandatory? Let’s first take a look at the businesses that are required to keep an accounting chart of accounts. Then, we will look at the classes in the chart of accounts to answer the question of how a uniform chart of accounts is formed.
For Whom is the Accounting Chart of Accounts Mandatory? – Businesses Required to Keep a Uniform Chart of Accounts
The question of who is required to have a uniform chart of accounts can be answered by businesses that can be considered as first-class merchants. Businesses within the scope of first-class merchants are defined as follows:
  • Taxpayers whose annual purchases do not exceed 280 thousand TL,
  • Taxpayers whose annual sales do not exceed 390 thousand TL,
  • Taxpayers whose annual gross business revenues do not exceed 140 thousand TL,
  • Taxpayers whose annual sales amounts do not exceed 230 thousand TL if they exceed 5 times their business revenues must keep a uniform chart of accounts.
How is a Uniform Chart of Accounts Created? – Accounting Chart of Accounts Classes and Codes
As we mentioned above, the items in the accounting chart of accounts are shown with officially determined standard codes. Therefore, it is necessary to follow these instructions completely and without errors when creating a uniform chart of accounts. The codes included in the uniform chart of accounts can be listed as follows… Accounting Chart of Accounts Classes:
  1. Current Assets
  2. Fixed Assets
  3. Short-Term Foreign Assets
  4. Long-Term Foreign Assets
  5. Equity
  6. Income Statement Accounts
  7. Account Cost Accounts
  8. Free Accounts
  9. Off-Balance Accounts
Account Codes Included in Current Assets – What is the Accounting Chart of Accounts?
  1. Cash Assets
  2. Cash
  3. Cheques Received
  4. Banks
  5. Checks and Money Orders Issued
  6. Other Liquid Assets
  7. Securities
  8. Shares
111. Private Sector Bonds, Notes and Notes
  1. Public Sector Bonds, Notes and Notes
  2. Other Securities
  3. Securities Value Loss Provision
  4. Trade Receivables
  5. Notes Receivable
  6. Discount on Notes Receivable
  7. Unearned Financial Lease Interest Income
  8. Deposits and Guarantees Given
  9. Other Trade Receivables Notes and Notes
  10. Doubtful Trade Receivables
  11. Provision for Doubtful Trade Receivables
  12. Other Receivables
  13. Receivables from Partners
  14. From Affiliates Receivables
  15. Receivables from Subsidiaries
  16. Receivables from Personnel
  17. Other Miscellaneous Receivables
  18. Discount on Other Notes Receivable
  19. Other Doubtful Receivables
  20. Provisions for Other Doubtful Receivables
  21. Inventories
  22. Raw Materials and Supplies
  23. Semi-finished Goods – Production
  24. Finished Goods
  25. Other Inventories
  26. Provisions for Inventory Value Decrease
  27. Advances Granted for Orders
  28. Construction and Repair Costs Spread Over Years
170.-178. Construction and Repair Costs Spread Over Years
  1. Construction Inflation Adjustment Spread Over Years
  2. Advances Given to Subcontractors
  3. Expenses and Income Accruals for Future Months
  4. Expenses for Future Months
  5. Income Accruals
  6. Other Current Assets
  7. VAT Carried Forward
  8. VAT to be Deducted
  9. Other VAT
  10. Prepaid Taxes and Funds
  11. Business Advances
  12. Personnel Advances
  13. Inventory and Receipt Deficiencies
  14. Other Various Current Assets
  15. Other Current Assets. Provision
Account Codes Included in Fixed Assets – What is the Uniform Chart of Accounts?
  1. Trade Receivables
  2. Buyers
221.Notes Receivable
  1. Discount on Notes Receivable
  2. Unearned Financial Lease Interest Income
  3. Given Deposits and Guarantees
  4. Provision for Doubtful Receivables
  5. Other Receivables
  6. Receivables from Partners
  7. Receivables from Affiliates
  8. Receivables from Subsidiaries
  9. Receivables from Personnel
236.Other Miscellaneous Receivables
  1. Other Receivables Note. Rediscount
  2. Other Doubtful Receivables Provision
  3. Financial Fixed Assets
  4. Affiliated Securities
  5. Affiliated Securities Impairment Provision
  6. Affiliates
  7. Capital Commitments to Affiliates
  8. Affiliates Capital Share Impairment Provision
  9. Affiliates
  10. Capital Commitments to Affiliates
  11. Affiliates Capital Share Impairment Provision
  12. Other Financial Fixed Assets
  13. Other Financial Fixed Assets Provision
  14. Tangible Fixed Assets
  15. Land and Plots
  16. Underground and Surface Improvements
  17. Buildings
  18. Plant, Machinery and Equipment
  19. Vehicles
  20. Fixed Assets
  21. Other Tangible Fixed Assets
  22. Accumulated Depreciation
  23. Investments in Progress
  24. Advances Granted
  25. Intangible Fixed Assets
  26. Rights
  27. Goodwill
  28. Establishment and Organization Expenses
  29. Research and Development Expenses
  30. Special Costs
  31. Other Intangible Fixed Assets
  32. Accumulated Depreciation
  33. Advances Granted
  34. Assets Subject to Special Depletion
  35. Exploration Expenses
  36. Preparation and Development Expenses
  37. Other Special Depletable Assets
  38. Accumulated Depletion Shares
  39. Advances Granted
28.Expenses and Income Accruals for Future Years
  1. Expenses for Future Years
  2. Income Accruals
  3. Other Fixed Assets
  4. VAT to be Deducted in Future Years
  5. Other VAT
293.Stocks Required for Future Years
  1. Stocks and Tangible Fixed Assets to be Disposed of
  2. Prepaid Taxes and Funds
  3. Other Fixed Assets
  4. Provisions for Stock Value Depreciation
  5. Accumulated Depreciation
Account Codes Within the Scope of Short-Term Foreign Resources
  1. Financial Liabilities
  2. Bank Loans
301. ​​Payables from Financial Lease Transactions 302.Deferred Financial Lease Borrowing Costs
  1. Principal Installments and Interest of Long-Term Loans
  2. Bond Principal Debt, Installments and Interest
  3. Issued Bonds and Notes
  4. Other Securities Issued
  5. Securities Issuance Differences
  6. Other Financial Debts
  7. Trade Debts
  8. Sellers
  9. Debt Notes
  10. Discount on Debt Notes
  11. Deposits and Guarantees Received
  12. Other Trade Debts
  13. Other Debts
  14. Other Debts
  15. Debts to Partners
  16. Debts to Subsidiaries
  17. Debts to Subsidiaries
  18. Debts to Personnel
  19. Other Miscellaneous Payables
  20. Other Debt Securities Rediscount
  21. Advances Received
  22. Advances Received for Orders
  23. Other Advances Received
  24. Construction and Repair Earnings Spread Over Years
  25. Construction and Repair Earnings Spread Over Years
  26. Construction Inflation Adjustment Spread Over Years
  27. Taxes and Other Liabilities to be Paid
  28. Taxes and Funds to be Paid
  29. Social Security Deductions to be Paid
  30. Past, Deferred or Installment Taxes and Other Liabilities
  31. Other Liabilities to be Paid
  32. Debt and Expense Provisions
  33. Taxes and Other Legal Liabilities Provisions for Current Period Profit
  34. Prepaid Taxes and Other Liabilities of Current Period Profit
  35. Reserves for Severance Pay
  36. Provisions for Cost Expenses
  37. Other Debt and Expense Provisions
  38. Income and Expense Accruals for Future Months
  39. Income for Future Months
  40. Expense Accruals
  41. Other Short-Term Foreign Resources
  42. Calculated VAT
  43. Other VAT
  44. Head Office and Branches Current Account
  45. Count and Receipt Surplus
  46. Other Various Foreign Resources
Account Codes Included in Long-Term Foreign Resources – What is the Accounting Chart of Accounts?
  1. Financial Liabilities
  2. Bank Loans
401. Payables from Financial Lease Transactions 402.Deferred Financial Lease Borrowing Costs
  1. Issued Bonds
  2. Other Securities Issued
  3. Securities Issuance Difference
  4. Other Financial Debts
  5. Trade Debts
  6. Sellers
  7. Debt Notes
  8. Discount of Debt Notes
  9. Deposits and Guarantees Received
  10. Other Trade Debts
  11. Other Debts
  12. Debts to Partners
  13. Debts to Affiliates
  14. Debts to Subsidiaries
  15. Other Miscellaneous Debts
  16. Discount of Other Debt Notes
  17. Debts to the Public Debts Deferred or Paid in Installments
  18. Advances Received
  19. Advances Received for Orders
  20. Other Advances Received
  21. Debt and Expense Provisions
  22. Severance Pay Provision
  23. Other Debt and Expense Provisions
  24. Income and Expense Accruals Relating to Future Years
  25. Income Relating to Future Years
  26. Expense Accruals
  27. Other Long-Term Foreign Resources
  28. Value Added Tax Deferred to Future Years or to be Cancelled
  29. Facility Participation Shares
  30. Other Various Long-Term Foreign Resources
Account Codes Within the Scope of Equity – What is the Uniform Chart of Accounts?
  1. Paid-in Capital
  2. Capital
  3. Unpaid Capital
502.Capital Adjustment Positive Differences 503.Capital Adjustment Negative Differences
  1. Capital Reserves
  2. Share Premiums
  3. Share Cancellation Profits
  4. MDV Revaluation Increases
  5. Affiliate Revaluation Increases
  6. Cost Increase Fund
  7. Other Capital Reserves
  8. Profit Reserves
  9. Legal Reserves
  10. Statutory Reserves
  11. Extraordinary Reserves
548.Other Profit Reserves
  1. Special Funds
  2. Previous Years Profits
  3. Previous Years’ Profits
  4. Previous Years’ Losses
  5. Previous Years’ Losses
  6. Period Net Profit / Loss
  7. Period Net Profit
  8. Period Net Loss
Codes in the Income Statement – ​​How is the Accounting Chart of Accounts Created?
  1. Gross Sales
  2. Domestic Sales
  3. International Sales
  4. Other Income
  5. Sales Discounts
  6. Returns from Sales
  7. Sales Discounts
  8. Other Discounts
  9. Sales Cost
  10. Cost of Goods Sold
  11. Cost of Commercial Goods Sold
  12. Cost of Services Sold
  13. Cost of Other Sales
  14. Operating Expenses
  15. Research and Development Expenses
631. Marketing, Sales and Distribution Expenses
  1. General Administrative Expenses
64. Ordinary Income and Profits from Other Activities
  1. Dividend Income from Affiliates
  2. Dividend Income from Subsidiaries
  3. Interest Income
  4. Commission Income
  5. Non-Relevant Provisions
  6. Profits on Sale of Securities
  7. Exchange Exchange Gains
  8. Discount Interest Income
  9. Inflation Adjustment Profits
  10. Other Ordinary Income and Profits
  11. Other Ordinary Expenses and Losses from Activities
  12. Commission Expenses
  13. Provision Expenses
  14. Losses on Sale of Securities
  15. Exchange Exchange Losses
  16. Discount Interest Expenses
  17. Inflation Adjustment Losses
  18. Other Ordinary Expenses and Losses
  19. Financing Expenses
  20. Short-Term Borrowing Expenses
  21. Long-Term Borrowing Expenses
  22. Extraordinary Income and Profits
  23. Previous Period Income and Profits
  24. Other Extraordinary Income and Profits
  25. Extraordinary Expenses and Losses
  26. Inactive Section Expenses and Losses
  27. Previous Period Expenses and Losses
  28. Other Extraordinary Expenses and Losses
69. Net Profit or Loss for Period
  1. Profit or Loss for Period
  2. Provisions for Tax and Other Legal Liabilities for Period Profit
  3. Net Profit or Loss for Period
  4. Inflation Adjustment for Construction Spread Over Years
  5. Inflation Adjustment
Codes Within the Scope of Cost Accounts – Accounting Chart of Accounts What is it?
  1. Cost Accounting Connection Accounts
  2. Cost Accounting Connection Accounts
  3. Cost Accounting Reflection Account
  4. Direct Raw Material and Material Expenses
  5. Direct Raw Material and Material Expenses
  6. Direct Raw Material and Material Reflection Account
  7. Direct Raw Material and Material Price Difference
  8. Direct Raw Material and Material Quantity Difference
  9. Direct Labor Expenses
  10. Direct Labor Expenses Reflection Account
  11. Direct Labor Wage Differences
  12. Direct Labor Time Differences
  13. General Production Expenses
  14. General Production Expenses
  15. General Production Expenses Reflection Account
  16. General Production Expenses Budget Differences
  17. General Production Expenses Efficiency Differences
  18. General Production Expenses Capacity Differences
  19. Service Production Cost
  20. Service Production Cost
  21. Service Production Cost Reflection Account
  22. Service Production Cost Difference Accounts
  23. Research and Development Expenses
  24. Research and Development Expenses
  25. Research and Development Expenses Reflection Account
  26. Research and Development Expense Differences
  27. Marketing, Sales and Distribution Expenses
  28. Marketing, Sales and Distribution Expenses
  29. Marketing, Sales and Distribution Expenses Reflection Account
  30. Marketing, Sales and Distribution Expenses Difference Account
  31. General Management Expenses
  32. General Administrative Expenses
  33. General Administrative Expenses Reflection Account
  34. General Administrative Expense Difference Account
  35. Financing Expenses
  36. Financing Expenses
  37. Financing Expenses Reflection Account
  38. Financing Expenses Difference Account
  39. Raw Material and Supplies Expenses
  40. Workers’ Wages and Expenses
  41. Civil Servants’ Wages and Expenses
  42. Benefits and Services Provided from Outside
  43. Miscellaneous Expenses
  44. Taxes, Duties and Charges
  45. Depreciation and Depletion Shares
  46. Financing Expenses
  47. Expense Types Reflection Account
  48. Production Cost Account
It Allows You to Easily Record Your Accounting Transactions!
Accounting chart of accounts; It provides a much easier and more transparent financial management opportunity in terms of financial auditing by ensuring that every business records the same types of items with the same classifications with its officially determined standard codes. Of course, it should not be ignored that keeping a uniform chart of accounts is a difficult process for taxpayers who are not experts in the field of accounting. Especially considering that these records must be kept complete and error-free, it is extremely important to receive expert accounting support in order to both avoid problems in official processes and to provide more efficient financial management.
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