Map IRS numbers to chart of accounts in the Icelandic version

Companies in Iceland are required to send the tax authority a data file in a predefined format. Before doing that, you must map predefined Internal Revenue Service (IRS) account codes to general ledger accounts.

Create an Internal Revenue Service number

  1. Choose the Tell Me feature icon, enter IRS Number, and then choose the related link.
  2. Choose the New action.
  3. On the new line, enter a number in the IRS number field, and provide a name in the Name field.
  4. Select the Reverse Prefix check box if you want the negative operator to be reversed on the balance of the general ledger account that the IRS number is mapped to.
  5. Choose the OK button.

Map an IRS number to a general ledger account

  1. Choose the Tell Me feature icon, enter Chart of Accounts, and then choose the related link.
  2. Select a general ledger account that has an Account Type of Posting.
  3. In the IRS Number field, select an IRS number from the list.

Special Data Output and Reports for the Tax Authority

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