Accounts Payable Analyst salary in Iceland

Average Yearly Salary of Accounts Payable Analyst in Iceland is approximately 9,669,353 ISK (67,492 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Accounts Payable Analyst do?

An accounts payable analyst is responsible for ensuring accurate and timely processing of invoices, expense reports, and other financial documents. They review and verify invoices for accuracy, resolve any discrepancies or issues, and process payments to vendors and suppliers. Accounts payable analysts also maintain records of all financial transactions, reconcile statements, and prepare financial reports. They may assist in the development and implementation of accounts payable policies and procedures, as well as provide support during audits. Attention to detail, strong analytical skills, and proficiency in accounting software are essential for this role. Effective communication and interpersonal skills are also important, as accounts payable analysts often collaborate with internal teams and external vendors. Overall, their primary goal is to ensure that all financial transactions are accurately recorded and processed in a timely manner.

Skills: Accounts Payable, Financial Analysis, Invoice Processing, Vendor Management, Financial Reporting, Data Analysis
Job industry: Finance

How much does Accounts Payable Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Accounts Payable Analyst a well paid job?

Yes, our data show that Accounts Payable Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Accounts Payable Analyst?

High salary for Accounts Payable Analyst would be somewhere between 10,636,288 ISK and 14,020,562 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounts Payable Analyst in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 9,669,353 ISK
Estimated Monthly Salary: 805,779 ISK
Estimated Weekly Salary: 185,949 ISK per week
Estimated Hourly Salary: 4,649 ISK per hour
By working as Accounts Payable Analyst a person can save up to 2,896 USD per month or 34,746 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Accounts Payable Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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