Fixed Asset Accountant salary in Iceland

Average Yearly Salary of Fixed Asset Accountant in Iceland is approximately 11,085,222 ISK (77,522 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 Fixed Asset Accountant do?

A fixed asset accountant is responsible for managing and maintaining a company's fixed assets, which include land, buildings, vehicles, machinery, and equipment. Their primary role is to ensure accurate recording and reporting of fixed assets in compliance with accounting principles and regulations. They track the acquisition, depreciation, disposal, and valuation of fixed assets, ensuring that all transactions are properly recorded in the general ledger. Fixed asset accountants also conduct periodic audits to verify the physical existence of assets and reconcile any discrepancies. They collaborate with other departments to gather information on asset acquisitions and disposals, and provide support during financial audits. Attention to detail, strong analytical skills, and knowledge of accounting principles and regulations are essential for this role.

Skills: fixed asset management, financial accounting, depreciation accounting, asset valuation, financial reporting, compliance.
Job industry: Accounting

How much does Fixed Asset Accountant make?

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


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Salary comparison to National average

Is Fixed Asset Accountant a well paid job?

Yes, our data shows that Fixed Asset Accountant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Fixed Asset Accountant?

High salary for Fixed Asset Accountant would be somewhere between 12,193,744 ISK and 16,073,572 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Fixed Asset Accountant 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: 11,085,222 ISK
Estimated Monthly Salary: 923,769 ISK
Estimated Weekly Salary: 213,177 ISK per week
Estimated Hourly Salary: 5,329 ISK per hour
By working as Fixed Asset Accountant a person can save up to 3,731 USD per month or 44,776 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 Fixed Asset Accountant

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.

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Data as of 2025

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