Definition

See Chart of Accounts .

Use

In Turkey, businesses are required by law to use a statutory framework for their chart of accounts, which is known as the Uniform Chart of Accounts. The sample chart of accounts supplied with the system, CATR, is based on it.

When you create a company code using the template for Turkey, the system automatically sets CATR as its chart of accounts.

Structure

The Uniform Chart of Accounts has a three-tier structure, as illustrated in the following graphic.

Uniform Chart of Accounts (Excerpt)

The Uniform Chart of Accounts consists of nine account classes numbered 1 through 9 (for example, account class 1, current assets; account class 2, fixed assets; and account class 3, current liabilities). Each class is subdivided into account subclasses: account class 3, for example, includes asset subclasses 30, financing liabilities, and 32, payables for goods and services. The subclasses are then further divided into what are termed synthetic accounts – account subclass 32, for example, breaks down into synthetic accounts 320 (accounts payable), 321 (bills or exchange payable), and so on.

You must adhere to this framework, but within each synthetic account, you are free to define the individual accounts as you wish, except that the first three digits of each account's number must be the same as the synthetic account number. In chart of accounts CATR, each account must have a nine-digit number, The last six digits you can define yourself.