General Ledger Manager salary in Iceland

Average Yearly Salary of General Ledger Manager in Iceland is approximately 12,725,003 ISK (89,548 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 Manager do?

The General Ledger Manager is responsible for overseeing the financial record-keeping and reporting activities of an organization. They manage the general ledger system, ensuring accuracy and compliance with accounting principles and regulations. Their duties include supervising a team of accountants, maintaining the chart of accounts, reconciling accounts, preparing financial statements and reports, and analyzing financial data. They collaborate with other departments to ensure proper recording and classification of transactions, resolve discrepancies, and provide guidance on financial matters. The General Ledger Manager also plays a crucial role in the month-end and year-end closing processes, including the preparation of adjusting entries and financial statement analysis. Strong analytical skills, attention to detail, and knowledge of accounting principles and software are essential for this role.

Skills: General Ledger Manager, Financial Reporting, Accounting, Financial Analysis, Team Management, Compliance
Job industry: Accounting

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

Yes, our data shows that General Ledger Manager 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 Manager?

High salary for General Ledger Manager would be somewhere between 13,997,503 ISK and 18,451,254 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Ledger Manager 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: 12,725,003 ISK
Estimated Monthly Salary: 1,060,417 ISK
Estimated Weekly Salary: 244,712 ISK per week
Estimated Hourly Salary: 6,118 ISK per hour
By working as General Ledger Manager a person can save up to 4,734 USD per month or 56,802 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 Manager

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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