Junior Bookkeeper salary in Iceland

Average Yearly Salary of Junior Bookkeeper in Iceland is approximately 6,404,267 ISK (44,514 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 Junior Bookkeeper do?

A junior bookkeeper is responsible for assisting with the financial management of an organization. They work under the supervision of a senior bookkeeper or accountant and handle various tasks related to maintaining accurate financial records. This includes recording financial transactions, reconciling bank statements, processing invoices and payments, and preparing financial reports. The role requires strong attention to detail and proficiency in bookkeeping software and spreadsheets. Junior bookkeepers must have a solid understanding of basic accounting principles and be able to work with numbers accurately. They may also be responsible for assisting with payroll processing and tax preparation.

Skills: junior bookkeeper, financial management, financial records, bookkeeping software, accounting principles, payroll processing.
Job industry: Accounting

How much does Junior Bookkeeper make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Junior Bookkeeper a well paid job?

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

What is considered a high salary for Junior Bookkeeper?

High salary for Junior Bookkeeper would be somewhere between 7,044,694 ISK and 9,286,187 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Junior Bookkeeper 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: 6,404,267 ISK
Estimated Monthly Salary: 533,689 ISK
Estimated Weekly Salary: 123,159 ISK per week
Estimated Hourly Salary: 3,079 ISK per hour
By working as Junior Bookkeeper a person can save up to 981 USD per month or 11,768 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 Junior Bookkeeper

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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