Home > Salary > Iceland > General Ledger Accountant
A general ledger accountant is responsible for maintaining and reconciling the financial records of a company. They ensure that all financial transactions are accurately recorded in the general ledger, including journal entries, adjustments, and the posting of accounts. General ledger accountants also prepare financial statements, such as balance sheets and income statements, and assist with the month-end and year-end closing processes. They analyze and reconcile accounts, identify discrepancies or errors, and make necessary adjustments. Additionally, they may be involved in budgeting, forecasting, and providing support during audits.
Estimated Yearly Salary: 11,032,082 ISK
Estimated Monthly Salary: 919,340 ISK
Estimated Weekly Salary: 212,155 ISK per week
Estimated Hourly Salary: 5,304 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 886,123 ISK
Estimated Weekly Salary: 204,490 ISK per week
Estimated Hourly Salary: 5,112 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 76,893 USD
Estimated Monthly Salary: 6,408 USD
Estimated Weekly Salary: 1,479 USD per week
Estimated Hourly Salary: 37 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: 11,032,082 ISK
Estimated Monthly Salary: 919,340 ISK
Estimated Weekly Salary: 212,155 ISK per week
Estimated Hourly Salary: 5,304 ISK per hour
By working as General Ledger Accountant a person can save up to 3,679 USD per month or 44,147 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 General Ledger Accountant
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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General Ledger Accountant salary in Iceland
Average Yearly Salary of General Ledger Accountant in Iceland is approximately 11,032,082 ISK (76,893 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 Ledger Accountant do?
A general ledger accountant is responsible for maintaining and reconciling the financial records of a company. They ensure that all financial transactions are accurately recorded in the general ledger, including journal entries, adjustments, and the posting of accounts. General ledger accountants also prepare financial statements, such as balance sheets and income statements, and assist with the month-end and year-end closing processes. They analyze and reconcile accounts, identify discrepancies or errors, and make necessary adjustments. Additionally, they may be involved in budgeting, forecasting, and providing support during audits.
Skills: general ledger accountant, financial records, reconciliation, financial statements, accounting, analysis
Job industry: Accounting
Job industry: Accounting
How much does General Ledger Accountant make?
Salary details
How much does General Ledger Accountant make?Estimated Yearly Salary: 11,032,082 ISK
Estimated Monthly Salary: 919,340 ISK
Estimated Weekly Salary: 212,155 ISK per week
Estimated Hourly Salary: 5,304 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,633,480 ISKEstimated Monthly Salary: 886,123 ISK
Estimated Weekly Salary: 204,490 ISK per week
Estimated Hourly Salary: 5,112 ISK per hour
Last revision of data: 2024-01-02General Ledger Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 76,893 USD
Estimated Monthly Salary: 6,408 USD
Estimated Weekly Salary: 1,479 USD per week
Estimated Hourly Salary: 37 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
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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 General Ledger Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as General Ledger Accountant in Iceland earns on average:
1.23 times the average salary (or 123% 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 General Ledger Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as General Ledger Accountant in Iceland earns on average:
1.23 times the average salary (or 123% of average salary).
Is General Ledger Accountant a well paid job?
Yes, our data shows that General Ledger 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 General Ledger Accountant?
High salary for General Ledger Accountant would be somewhere between 12,135,290 ISK and 15,996,519 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as General Ledger 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: 11,032,082 ISK
Estimated Monthly Salary: 919,340 ISK
Estimated Weekly Salary: 212,155 ISK per week
Estimated Hourly Salary: 5,304 ISK per hour
By working as General Ledger Accountant a person can save up to 3,679 USD per month or 44,147 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 Ledger Accountant
Norway is 107,970 USD
United Kingdom is 50,493 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:
Certified massage therapist (cmt) (6,801,808 ISK per year, pre-tax.)
Retail store owner (9,759,548 ISK per year, pre-tax.)
Computer aided design and drafting (cadd), operator (7,603,888 ISK per year, pre-tax.)
Orthotic fitter (5,548,812 ISK per year, pre-tax.)
Marketing development manager (13,610,883 ISK per year, pre-tax.)
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