The State Revenue Accounting System is a central system for collecting public revenue in Iceland. It keeps track of public claims from the time they are created until they are paid, sent for collection, written off or settled in the accounts. The system is used by the Treasury, government agencies and other public bodies.

What the system does

The system manages the process for public claims.

It keeps track of:

• assessments

• claims

• payments

• collection

• overdue claims

• write-offs

• accounting settlements

The system receives assessments from many public bodies. It shows the status of claims and payments, calculates interest and costs, supports collection processes and sends information to accounting systems and other systems.

When a claim is created

When a claim is created, the system follows it until it is:

• paid

• sent for overdue payment processing

• written off

• included in accounting settlement

Main parts of the system

The State Revenue Accounting System is made up of several connected system parts.

The main parts are:

• assessment

• customer information

• payments

• bank payments

• collection

• accounting

• overdue claims

• system management

• access management

In short

The State Revenue Accounting System is the central system for public revenue collection and revenue accounting. It helps public bodies manage claims, payments, collection, accounting settlements and write-offs.