Resources

Glossary

Short definitions of the product, finance and e-Transformation terms used on this site.

A

ABM (Autonomous Business Management): Autonomous Business Management. The Factorbooks product family that retains and extends the ERP scope. General accounting and tax management are offered in the autonomous management model; it consists of the Corporate, Enterprise and Tailored packages. Related page

B

B2B / B2C: Business-to-business (B2B) and business-to-consumer (B2C) sales channels. In Factorbooks, customer, dealer, supplier and partner portals fall under B2B; e-commerce management falls under B2C. Related page
BES (Private Pension System): Private Pension System (Bireysel Emeklilik Sistemi). Payments of contributions and deductions made by employers on behalf of their employees are tracked in the SGK Management module. Related page
BI (Business Intelligence): Business Intelligence. Reporting and analyzing business data to provide decision support. Related page

C

CRM: Customer Relationship Management. Management of leads, sales opportunities, and marketing and support processes. Related page

E

e-Archive Invoice (e-Arşiv): An invoice type issued electronically to buyers who are not registered in the e-Invoice system. Related page
e-Invoice (e-Fatura): An invoice issued and transmitted electronically between taxpayers registered in the e-Invoice system. Related page
e-Ledger (e-Defter): Keeping and storing statutory books electronically in the format set by the Turkish Revenue Administration (GİB). Related page
e-MM (e-Producer Receipt): The electronic equivalent of the producer receipt issued for purchases made from farmers. Related page
e-SMM (e-Self-Employment Receipt): Electronic self-employment receipt. Related page
e-Transformation: The general name for the processes of issuing, transmitting and storing documents such as invoices, delivery notes, books and receipts electronically. Related page
e-Waybill (e-İrsaliye): The electronically issued and transmitted equivalent of the dispatch note. Related page
ERP: Enterprise Resource Planning. A system that manages a business's processes such as sales, purchasing, inventory, finance and accounting in a single software. Factorbooks ERP packages are offered in the Micro, Small, Mid-sized and Large Business scales. Related page
Exchange rate valuation: Valuation of foreign currency assets and liabilities at the current exchange rate at period end. Related page
Eximbank loan: Financing provided to exporters by Türk Eximbank. In Factorbooks, loans, installments and payments are tracked under Foreign Trade Management. Related page

F

Factoring: A business obtaining financing by transferring its receivables with future due dates to a factoring company. Related page

I

Inflation accounting: Adjustment entries made to remove the effects of inflation from financial statements. Related page

K

KKEG (Non-deductible expenses): Non-deductible expenses. Expenses that, although recorded as expenses in the calculation of commercial profit, cannot be deducted when determining the tax base. Related page
KVKK (Personal Data Protection Law): Personal Data Protection Law No. 6698. Its counterpart in the European Union is the GDPR. Related page

L

Leasing: Financial leasing. Use of an asset under a set term and payment plan while ownership remains with the leasing company. Related page
Letter of credit: A payment method in foreign trade in which the buyer's bank commits to paying the seller on condition that specified documents are presented. Related page

O

On-premise: Installation of software on the business's own server infrastructure. In Factorbooks, it is the installation model of the Tailored package. Related page
Open banking: A framework that, with the customer's consent, enables access to bank account information and payment services through authorized third-party applications. In Factorbooks, it is part of Treasury Management. Related page

P

PaaS: Platform as a Service. The private cloud technology service model of the Factorbooks ABM Corporate package. Related page

R

Revolving loan: A renewable type of loan that can be drawn and repaid periodically within a set limit. Related page

S

SaaS: Software as a Service. A model in which software runs on the provider's cloud infrastructure and is used by subscription. Factorbooks ERP packages are offered as SaaS in the public cloud. Related page
SLA: Service Level Agreement. An agreement that defines response and resolution times for a service. In Factorbooks CRM, SLA management is used for the services you provide to your customers. Related page

V

VERBIS: Data Controllers Registry Information System (Veri Sorumluları Sicil Bilgi Sistemi). The system in which data controllers register under KVKK. Related page

X

XaaS: Anything as a Service. The private cloud technology service model of the Factorbooks ABM Enterprise package. Related page