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. [!INCLUDE [open-search](../../includes/open-search.md)], enter IRS Number, and then choose the related link.
  2. Choose the New action.
  3. On the new line, enter the tax authority's code in IRS Number, and provide a name in Name.
  4. Use Reverse Prefix to indicate whether the IRS number requires a reversed balance sign for reporting.
  5. Choose the OK button.

Map an IRS number to a general ledger account

  1. [!INCLUDE [open-search](../../includes/open-search.md)], 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.

Use IRS Details or Trial Balance - IRS Number to review the mappings and balances for the reporting period.

Special Data Output and Reports for the Tax Authority

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