General Accounting Assistant salary in Iceland

Average Yearly Salary of General Accounting Assistant in Iceland is approximately 6,818,992 ISK (47,829 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 General Accounting Assistant do?

A General Accounting Assistant is responsible for assisting in the day-to-day financial operations of an organization. Their main tasks include processing accounts payable and receivable, reconciling bank statements, preparing financial reports, and assisting with budgeting and forecasting. They also ensure compliance with financial regulations and maintain accurate financial records. This role requires strong attention to detail, numerical proficiency, and excellent organizational skills. General Accounting Assistants should have a good understanding of accounting principles and be proficient in using accounting software and spreadsheets. They work closely with the accounting team and may assist in other areas such as payroll processing or tax preparation.

Skills: General Accounting Assistant, Financial Operations, Accounts Payable, Accounts Receivable, Financial Reporting, Budgeting and Forecasting, Compliance
Job industry: Accounting

How much does General Accounting Assistant make?

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


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Salary comparison to National average

Is General Accounting Assistant a well paid job?

No, our data shows that General Accounting Assistant is typically not a well-paid job. The salary varies based on experience. Meaning that even though General Accounting Assistant might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for General Accounting Assistant?

High salary for General Accounting Assistant would be somewhere between 7,500,891 ISK and 9,887,538 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Accounting Assistant 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: 6,818,992 ISK
Estimated Monthly Salary: 568,249 ISK
Estimated Weekly Salary: 131,134 ISK per week
Estimated Hourly Salary: 3,278 ISK per hour
By working as General Accounting Assistant a person can save up to 1,257 USD per month or 15,083 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 General Accounting Assistant

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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