e-Ledger (e-Defter) Turkey: Guideline and SAP Integration

What is the Ledger? 

Ledger is an accounting term that means the book or collection of accounts in which account transactions are recorded. It contains the information that is needed to prepare financial statements. Every transaction is recorded to ledgers. 

What is the Difference Between the Ledger and the Journal?

Ledger is different from the journal. Transactions are first recorded to the journal after they are posted to the ledger under proper heads. Journal is known as the primary book, whereas the ledger is known as the principal book. The ledger contains the information in the journal in the “T” format. Journal contains the information in chronological order, whereas in the ledger similar transactions are grouped to make assessing the data for accounting and financial purposes easier. 

What is the e-Ledger?

The system that enables the Accounting Ledger to be prepared in the electronic format and to be sent to the Revenue Administration is called e-Ledger. Companies can produce their ledgers and journals in the electronic environment since 2011. With these systems, cost savings and preventing waste of paper are possible. No longer printed paper is expected, companies’ electronic fiscal stamp is used to sign them. Companies are expected to upload a summary page to the Turkish Revenue Administration system monthly. With Turkish regulations, e-Ledger is becoming more popular and widely used day by day in Turkey.

Who can Use the e-Ledger?

While some companies are obliged to use e-Ledger by the Turkish Revenue Administration, it can also be voluntarily used. Its benefits like easier archiving and printing options, preventing paper waste, and cost-saving appeal to many corporations. After the initial declaration of obligation in 2011, more and more companies became obligatory of using e-Ledger. Nowadays most companies prefer e-Ledger over the traditional way. 

e-Ledger in Turkey

Initially, in 2011, some companies became mandatory to use e-Ledger by the Revenue Administration. After that year, more companies became obligatory from time to time. A communique was published by the Turkish Revenue Administration in October 2019 that made e-Invoice users, corporations that are subjected to an independent audit, and companies that the Presidency had identified to have poor tax compliance obligatory to apply for the e-Ledger. The latest update was in 2020 that concerned most of the companies. Now, most companies are subjected to regulations. 

e-Ledger Solution for SAP

MDP Group's e-Ledger solution meets the e-Ledger obligations valid in Turkey and can work 100% integrated with SAP. With the SAP e-Ledger solution, you can reduce your physical archiving costs by digitizing your accounting processes.

MDP Group's e-Solutions are preferred by 200+ companies with 100% customer satisfaction. You can contact us for information about e-Invoice, e-Ledger, e-Waybill, e-Reconciliation, e-Archive and other solutions.