Glossary
Short explanations of the terms used in accounting, restaurants and field sales.
- Ba-Bs forms
Monthly forms on which purchases (Ba) and sales (Bs) above a set amount were reported to the Turkish tax office. They were abolished from the September 2024 period.
- Balance confirmation
Both sides compare and confirm the balance between them. In Turkish: mutabakat.
- Count difference
The difference between the counted quantity and the recorded quantity. It is posted as a stock movement when the count is closed.
- Current account
The account that tracks what you owe a customer or supplier and what they owe you. In Turkish: cari hesap.
- Dispatch note
The document that goes with goods sent from one place to another. The invoice can be issued from it later. In Turkish: irsaliye.
- FIFO
First in, first out. The cost of goods sold is taken from the oldest purchases first.
- Offsetting
Closing a debt and a receivable by deducting one from the other. In Turkish: mahsup.
- ÖKC
Payment recording device; the official Turkish name for today’s cash register POS terminals.
- Route
The plan that shows which customers a sales rep visits on which day and in what order.
- Sales rep
A salesperson who visits customers in the field to sell and collect payments. In Turkish: plasiyer.
- Tax base
The amount a tax is calculated on. For VAT, the price of the goods or service before tax. In Turkish: matrah.
- Turnover
The total of sales over a period. The Turkish word ciro also means endorsing a cheque or promissory note over to someone else.
- VAT withholding
Part of the VAT is not paid to the seller; the buyer pays it straight to the tax office. In Turkish: tevkifat.
- Wastage
Goods that spoil, go missing or leave without being recorded, in the storeroom, the kitchen or at the till.
- Z report
The end-of-day report from the cash register that shows the day’s sales and tax totals.