The best accounting firms in Iceland in 2026: 9 firms, their prices and who does the work

Kassify · 6 November 2026

The best accounting firm is the one that takes the most work off your plate for a fixed price. On that measure Kassify ranks first in 2026, ahead of Bóklega, ECIT and Accounta.

The prices the firms publish themselves run from 29.900 kr. to 499.990 kr. a month, and some publish only an hourly rate. Around New Year many companies choose a new accounting firm for the new financial year. Here are the prices from each firm's own site, what they include and what stays on your desk.

The prices, from the firms' own sites

Taken from each firm's site on 5 November 2026. Amounts are per month and exclude VAT unless stated otherwise.

What the books cost in a year

The monthly price is not the whole story. Take an ehf. that files VAT every two months and pays three employees. This is how the year adds up from published prices, excluding VAT:

Two things stand out. Where the annual accounts and tax return are not included, the accountant becomes a third bill. And everywhere except Kassify the number starts with "from", so the final price comes in a quote. More on prices in the article what bookkeeping costs.

The 9 best accounting firms in Iceland in 2026

The ranking follows how much work comes off your plate, then how clear the price is up front.

1. Kassify

Kassify is an accounting firm that uses AI: a whole finance department for one fixed price. Every transaction is read, categorised and matched without you entering anything, and certified bookkeepers and chartered accountants stand behind the work.

• Bookkeeping, payroll, VAT returns, the annual accounts and the tax return for one fixed monthly price. No "from" and no hourly bill.
• 20% lower accounting costs a year than at a traditional accounting firm, and over 100 hours a year back for the business.
• Bills in your email find their own way into the books, receipts come from Messenger and the app, and each bank is connected directly. You take a photo of a receipt, the rest arrives on its own.
• A bookkeeper replies within 24 hours. Gunnar Freyr Guðmundsson, chartered accountant and owner of Endár ehf., stands behind Kassify.
• A move in less than 7 days, included in the price. Kassify talks to your old bookkeeper and the history comes with you.

The other firms do the work you send them. Kassify collects nearly all of it itself. That is why Kassify ranks first.

2. Bóklega

A Reykjavík accounting firm for small and medium companies. Its service contract is a fixed monthly fee covering bookkeeping, VAT returns, payroll, the annual accounts and the tax return. An ehf. filing VAT costs from 30.000 kr. a month, and setting up a company 50.000 kr.

Keep in mind: The first step on Bóklega's site is that you send: a photo of a receipt and bills by email. The price moves with the number of transactions, employees and company size, and advice is sold by scope.

3. ECIT

A Nordic bookkeeping and payroll provider with offices in 13 places around Iceland, which KPMG Iceland works with in close partnership. ECIT says it takes full responsibility for the finance function and gives full service to small and large companies, with a dedicated contact person.

Keep in mind: ECIT publishes no price on its Iceland site. You ask for a quote and do not know up front what the year costs.

4. Accounta

Four bookkeeping packages at fixed prices by turnover, from the Frumkvöðlapakki at 49.990 kr. to Gull at 499.990 kr. a month, plus 24% VAT. A reply within 24 hours and no lock-in.

Keep in mind: Accounta works in Payday. The annual accounts come with Silfur, 199.990 kr., and the tax return only with Gull, 499.990 kr. a month.

5. Simplex

Fixed monthly fees in three tiers: Einfaldur rekstur from 29.900 kr., Regluleg þjónusta from 39.900 kr. and Meira umfang from 49.900 kr. a month. The price is set before the service starts.

Keep in mind: Simplex calls its prices indicative. VAT returns and payroll are "as needed", and the annual accounts and tax return are not on the price page.

6. Aðalbókarinn

A family firm in Lágmúli, founded in 2007 by Árni Sigurðsson, certified bookkeeper. Aðalbókarinn keeps the books, files the VAT return and creates the payment claim in the online bank, runs payroll for a fixed fee and prepares annual accounts and tax filings.

Keep in mind: No price is published. You send an enquiry and get a quote.

7. JJ Fjármál

Bookkeeping, invoicing, payroll, VAT returns, annual accounts and company formation. The fee list is published: bookkeeper 15.500 kr. an hour, business graduate 26.500 kr. an hour, payroll 8.200 kr. per employee and setting up an ehf. 60.000 kr.

Keep in mind: The bookkeeping is billed by the hour, so you do not know up front what a month costs. Receipts go into a shared OneDrive folder: you pick the right month and take a photo in the app, following an eight-step guide.

8. Endurskoðun & ráðgjöf

A firm with chartered accountants and a published fee list. A company's annual accounts and tax return cost from 130.000 kr. as a base fee, and bookkeeping is billed at 15.500 kr. an hour.

Keep in mind: Everything beyond the base fee is billed by hours worked, and a chartered accountant costs 38.000 kr. an hour.

9. Deloitte

An international audit and advisory firm. On Deloitte Iceland's site its service lines include audit and financial reporting, strategy and finance, Deloitte Legal and finance systems.

Keep in mind: Bookkeeping is not among the service lines.

The AI: Skrif and Bóki are not accounting firms

Two Icelandic companies sell AI for bookkeeping. Skrif is a tool for bookkeepers and companies that books straight into dk, Payday and Business Central. Skrif proposes the entries and nothing goes in without your approval, so you or your bookkeeper approve every entry. Skrif is not a new accounting system, so you keep paying for the system you have. Bóki describes itself as an accounting system with AI and a team of bookkeepers, but its site only takes waitlist sign-ups and shows no price.

At Kassify the AI is part of the accounting firm. It does the work and Kassify's professionals are responsible for it, so you neither approve entries nor buy a system on top. More on the difference in the article accounting software or an accounting firm.

Who does the work

How to change accounting firm

1. 1
   Pick a switch date

   At New Year, or at the start of a standard VAT period: January, March, May, July, September or November. Then no period is worked in two places.

2. 2
   Give notice

   Read the service contract and check the notice period. Ask the old firm to finish the last period it is responsible for.

3. 3
   Get the data handed over

   The trial balance, opening balances, customers, suppliers, payroll records and access to the accounting system. Compare the trial balance with the new balances before going further.

4. 4
   Keep access to the history

   Under Article 20 of the Bookkeeping Act no. 145/1994, accounting records must be kept for seven years from the end of the financial year. Secure access before the old system is closed.

With Kassify you do none of this. You give the name of your bookkeeper, Kassify talks to them, moves the history, reconciles every account and takes over in less than 7 days. The move is included in the price. More in the article changing bookkeeper and on the page on bookkeeping at Kassify.

Questions

One firm. One fixed price.

Leave your email and Kassify goes through what you pay today: the system, the bookkeeper and the accountant. You get the price in writing before you decide.