The Financial Accounting Service is available for the Treasury, ministries and government agencies. The service is governed by contracts stating what accounting services, requirements and obligations of the parties are.

Financial Management Authority's role

The main tasks that the Financial Management Authority performs for government entities in accounting services are:

• protocol of accounts and their payment procedure

• billing and collection services

• booking of income and deposits

• travel settlement booking and payment of per diem payments

• the booking of cash registers and assistance with the reconciliation of bank accounts

• booking of procurement cards and credit cards

• assistance with reconciliation of trading accounts

• protocoling various transfers, correction requests, payment orders and more

• professional advice and services, including those concerning accounting laws and regulations

State entities role

State entities in accounting services are responsible for:

• its financial assets

• approval of accounts

• submission of accounting documents to the Financial Supervisory Authority

Communication channels

Relations between the Financial Management Authority and government accounting entities shall be conducted through contacts of the institutions and email fjarsyslan@fjarsyslan.is.