Applications

With the E-Ledger solution provided end to end by Innova, companies can quickly attain a Ministry of Finance standards compliant E-Ledger system in a short time. Innova manages the integration to electronic invoice system, which requires a deep rooted change in the IT and Finance (Accounting) departments of companies, from start to finish with an expert team.

This solution enables companies to prepare their Journal Ledger, Journal Ledger Warrant, General Ledger and General Ledger Warrant files in a format that complies with Revenue Administration standards.

What is Necessary?

In order for companies to implement the electronic ledger application they must use software approved by the Revenue Administration for the recording, approval, storage and release of e-ledgers. The Innova E-Ledger solution is completely compatible with the E-Ledger system standards of the Ministry of Finance. Also since the software is also compatible with international standards the transformation process gives companies international compliance and reputability.

Legal entities must be E-Invoice users in order to integrate the E-Ledger solution. (Click here for Innova’s E-Invoice solution.) Also they must obtain a Finance Seal and choose a Revenue Administration approved software. It is sufficient for real individuals to use compatible software and be E-Invoice users.

What is E-Ledger?

The creation of financial ledgers in electronic setting as set forth by the Revenue Administration, the recording of these documents without printing out and securing their inalterability and integrity, maintaining and presenting them when requested.

E-Ledgers (electronic ledger), which include all of the information that is required in physical ledgers, are comprised as the entirety of electronic records. The electronic ledger system that includes E-signature and Finance Seal applications, secures the accuracy of the source and the integrity and inalterability of the content.

THE MAIN ADVANTAGES

• Completely compliant with T.R. Ministry of Finance E-Ledger standards.
• Reduces Invoice costs.
• Eliminates the need for maintaining ledgers in paper form.
• Eliminates the requirement of certifying ledgers in paper form.
• Ledgers in paper form will no longer have to be archived.
• Automates the legal notification process with the Revenue Administration.
• If a legal demand is made the invoices can be accessed instantly.
• Increased performance is achieved in work processes and the rate or error is reduced.