Home > Salary > Iceland > Accounts Payable Processor
An accounts payable processor is responsible for managing and processing financial transactions within an organization. Their main role includes reviewing invoices, verifying accuracy of information, and ensuring timely payments to vendors and suppliers. They are also responsible for reconciling accounts, resolving any discrepancies, and maintaining accurate records of financial transactions. Additionally, they may assist in preparing financial reports, analyzing data, and providing support during audits.
Estimated Yearly Salary: 7,286,150 ISK
Estimated Monthly Salary: 607,179 ISK
Estimated Weekly Salary: 140,118 ISK per week
Estimated Hourly Salary: 3,503 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 50,629 USD
Estimated Monthly Salary: 4,219 USD
Estimated Weekly Salary: 974 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 7,286,150 ISK
Estimated Monthly Salary: 607,179 ISK
Estimated Weekly Salary: 140,118 ISK per week
Estimated Hourly Salary: 3,503 ISK per hour
By working as Accounts Payable Processor a person can save up to 1,490 USD per month or 17,883 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.
Estimated Yearly Salary for Accounts Payable Processor
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Network analyst 3 (14,557,390 ISK per year, pre-tax.)
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Accounts Payable Processor salary in Iceland
Average Yearly Salary of Accounts Payable Processor in Iceland is approximately 7,286,150 ISK (50,629 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 Processor do?
An accounts payable processor is responsible for managing and processing financial transactions within an organization. Their main role includes reviewing invoices, verifying accuracy of information, and ensuring timely payments to vendors and suppliers. They are also responsible for reconciling accounts, resolving any discrepancies, and maintaining accurate records of financial transactions. Additionally, they may assist in preparing financial reports, analyzing data, and providing support during audits.
Skills: Accounts Payable, Financial Transactions, Invoices, Vendor Payments, Reconciliation, Financial Reporting
Job industry: Accounting
Job industry: Accounting
How much does Accounts Payable Processor make?
Salary details
How much does Accounts Payable Processor make?Estimated Yearly Salary: 7,286,150 ISK
Estimated Monthly Salary: 607,179 ISK
Estimated Weekly Salary: 140,118 ISK per week
Estimated Hourly Salary: 3,503 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,018,011 ISKEstimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-09Accounts Payable Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,629 USD
Estimated Monthly Salary: 4,219 USD
Estimated Weekly Salary: 974 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Processor job salary compared to average salary in Iceland.
Comparison shows that a person working as Accounts Payable Processor in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Processor job salary compared to average salary in Iceland.
Comparison shows that a person working as Accounts Payable Processor in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Is Accounts Payable Processor a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Accounts Payable Processor?
High salary for Accounts Payable Processor would be somewhere between 8,014,765 ISK and 10,564,918 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Accounts Payable Processor 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: 7,286,150 ISK
Estimated Monthly Salary: 607,179 ISK
Estimated Weekly Salary: 140,118 ISK per week
Estimated Hourly Salary: 3,503 ISK per hour
By working as Accounts Payable Processor a person can save up to 1,490 USD per month or 17,883 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 Processor
Norway is 70,904 USD
United Kingdom is 33,369 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Network analyst 3 (14,557,390 ISK per year, pre-tax.)
Sr. editor (11,455,773 ISK per year, pre-tax.)
Water quality coordinator (9,397,271 ISK per year, pre-tax.)
Field engineer (12,122,110 ISK per year, pre-tax.)
Second press operator (7,337,044 ISK per year, pre-tax.)
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