General Ledger Clerk salary in Iceland

Average Yearly Salary of General Ledger Clerk in Iceland is approximately 6,822,225 ISK (47,717 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 Clerk do?

A General Ledger Clerk is responsible for maintaining and updating the financial records of an organization. They play a crucial role in ensuring the accuracy and integrity of the company's financial data. Their main duties include recording financial transactions, reconciling accounts, preparing financial reports, and assisting with budgeting and forecasting. The General Ledger Clerk works closely with the accounting team and may also collaborate with other departments to gather necessary information for financial reporting. Attention to detail, strong analytical skills, and proficiency in accounting software are essential for this role. They should have a solid understanding of accounting principles and be able to work efficiently under deadlines.

Skills: General Ledger Clerk, Financial Records, Accounting, Financial Reporting, Reconciliation, Budgeting
Job industry: Accounting

How much does General Ledger Clerk 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 Ledger Clerk a well paid job?

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

What is considered a high salary for General Ledger Clerk?

High salary for General Ledger Clerk would be somewhere between 7,504,448 ISK and 9,892,226 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Ledger Clerk 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: 6,822,225 ISK
Estimated Monthly Salary: 568,519 ISK
Estimated Weekly Salary: 131,197 ISK per week
Estimated Hourly Salary: 3,280 ISK per hour
By working as General Ledger Clerk a person can save up to 1,248 USD per month or 14,971 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 Clerk

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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