Collection and billing refers to the process from the time a fee has to be collected until it has been paid and booked.

The service is available to Group A institutions in the state. Organizations that wish to avail themselves of such services may .

Individuals and companies shall address their queries to the collectors of the Treasury, who are the magistrates and the Tax.

Service provision

Accounting

There are three ways to publish an invoice:

• web services, data transfer from a system used by an institution

• proof of records from institutions

• the credit of accounts in the Financial Management system

Following the issuance of an invoice, the following will be created:

• an electronic invoice accessible on Iceland.is and in message sharing

• a bank claim or payment established in a payment gateway

• accounting of revenue in the State accounting system, and reconciliations and settlements

Collection

The advantages of using the Financial Management Collection Service are:

• overview of paid and unpaid bills

• broadcast on automatic collection letters on Iceland.is

• support for default collection

• possibility to allow payment transactions to be carried out by the user (payment plan)

• Treasury debt collectors use the Financial Management System

Payment solutions

Institutions may offer to their customers the following facility for paying invoices:

• on payment websites

• banking logic

• pay locally with connection to posh

Payment system

TBR - National Revenue Accounting System
The TBR maintains the assessment/invoicing and collection of taxes and fees on behalf of the Treasury, government agencies and other public entities. More than 90% of Treasury revenue is collected through TBR. These include value added tax, car taxes, income tax, fees for health care, tuition fees and so forth.

AR Orri
Oracle customer accounting is a system that keeps track of the invoicing and collection of general business accounts, such as sold work and services, courses and house and land rent.