The best accounting software in Iceland 2026: 8 options ranked, with prices

Kassify · 6 November 2026

On 25 October 2019 DV published an article about the accounting system "everyone is talking about". It was labelled "Samstarf" (sponsored), written by the paper's advertising department and covered one system, Uniconta, from 2.499 kr. a month. Today Uniconta costs 7.995 kr. a month for one user at Fjártækni, dk has replaced every one of its packages, Visma owns Payday and Finago completed its purchase of Regla on 2 November 2026.

Here are all eight systems and services Icelandic companies choose between, ranked by how much work each one takes off your plate, with prices from each company's site on 5 November 2026.

The system does not do the work

Accounting software stores the entries. Someone still has to book them, reconcile the bank, file the VAT return by the due date, run payroll and file the pension and union returns, and an accountant has to prepare the annual accounts and tax return. In most companies that is three invoices: the system, the bookkeeper and the accountant.

So the ranking below goes first by how much of that work each option takes off your plate, and then by price. The difference between a system and an accounting firm is covered in more detail in Accounting software or an accounting firm.

The 8 best accounting systems in Iceland 2026

Prices per month excluding VAT, from each company's site on 5 November 2026.

What the books cost in a year

This is the whole bill for a company with payroll. The system is priced on the package that covers bookkeeping, sales and payroll. The bookkeeper is priced at Simplex's rate for bookkeeping, VAT returns and payroll, from 49.900 kr. a month. The accountant is priced at Endurskoðun & ráðgjöf's base fee for a company's annual accounts and tax return, 130.000 kr. excluding VAT.

The bookkeeper and the accountant come to 728.800 kr. on every line. The system is 16 to 39% of the bill. Changing systems changes only the smallest part of it, and you keep paying the other two. Business Central is not in the table, because its resellers do not publish prices for the Icelandic add-ons.

1. Kassify

Kassify is an accounting firm that runs on AI: a whole finance department for one fixed price. The system, the bookkeeper and the accountant are one provider with one fixed monthly price, so you choose no system and hire no extra bookkeeper.

• No manual entries. Transactions arrive from the bank, the cards and your email and are booked and matched. Each bank is connected directly.
• The VAT return is prepared and filed every period, and payroll, withholding tax and pension and union returns are run every month.
• Annual accounts and tax return included in the monthly price, prepared by chartered accountants, among them Gunnar Freyr Guðmundsson, owner of Endár ehf.
• An accredited bookkeeper replies within 24 hours. Day-to-day questions cost nothing extra.
• A move in less than 7 days, included in the price. Kassify talks to your bookkeeper and the history comes with you, whether the books sit in Payday, dk, Regla or Netbókhald.

The other seven options are systems. With them the work stays with you or your bookkeeper, and the accountant is a separate invoice. With Kassify you stop handling the books. More on the service on the Bookkeeping page.

2. 7C

A cloud system for Icelandic companies with an assistant called Freyja, which reads invoices and books them, answers questions and builds reports. The packages cost 8.700, 16.700, 25.700 and 32.700 kr. a month, and 7.700 to 25.700 kr. for the first 9 months from signing. Payroll comes with the two larger packages, for 5 and 10 employees, and each extra employee costs 400 kr.

Note: 7C is a system, so VAT returns, payroll runs and the annual accounts remain the responsibility of you, your bookkeeper and your accountant. 7C says its cheapest package suits companies that have a bookkeeper, and the full price applies after 9 months.

3. Payday

An Icelandic cloud system, founded in 2017 and owned by Visma, with invoicing, bookkeeping and payroll. The full package costs at most 11.700 kr. a month, or 2% of turnover if that is lower, and every plan can be tried free for 30 days. Payday, dk and Regla are compared point by point in Payday, dk or Regla.

Note: Anyone who runs payroll pays at least the payroll plan's price, 7.000 kr. The booking stays with you or your bookkeeper, and the bookkeeper and the accountant come on top of the price.

4. Regla

An Icelandic cloud system at a flat monthly fee, with no percentage of turnover. The starter package costs 8.800 kr., Staðlaður 15.800 kr. and Stærri, with payroll, 23.700 kr. Finago completed its purchase of Regla on 2 November 2026, and Regla says everything stays the same for customers.

Note: The packages' entry counts run from the start, not per month. E-invoices cost 3.600 kr. a month with 10 messages and 40 kr. for each invoice beyond that, and the point of sale system costs 8.900 kr. per till with a 54.000 kr. setup fee.

5. Netbókhald

An Icelandic system which, in Netbókhald's own words, is meant for small and medium companies that prefer to manage their books themselves. One system costs 5.900 kr. and the full package, sales, finance and payroll, 13.754 kr. There are no extra fees for headcount or turnover.

Note: E-invoices cost 2.100 kr. and a bank connection 2.785 kr. on top. The system is built for people who do their own books, and the bookkeeper and the accountant come on top of the price.

6. dk

An established Icelandic system with three packages: dk Kjarni at 19.250 kr., dk Vöxtur at 29.500 kr., which dk marks as most chosen, and dk Tindur at 39.000 kr. A service contract comes with every new package. What the price change means for companies on dk today is covered in dk raised its prices.

Note: A company that needs the creditors module moves up to dk Vöxtur, and electronic bank reconciliation and payroll for 10 employees are included only in dk Tindur, the most expensive package.

7. Uniconta

A Danish cloud system sold here through resellers. At Fjártækni, Standard costs 4.495 kr. per user and Icelandic localisation 3.500 kr. per user, so 7.995 kr. for one user. Payroll comes in UniSal, at 6.995 kr. a month for up to 20 employees at its 2026 offer price. Inventory, project accounting and manufacturing are sold as add-ons.

Note: Every user adds to the price. Bank solutions cost 1.995 kr. and e-invoice messaging from 4.995 kr. with a 15.000 kr. setup fee, plus a bookkeeper and an accountant.

8. Business Central

A business system from Microsoft. Essentials costs €69.30 and Premium €95.30 per user per month on Microsoft's site, paid yearly. Icelandic features, such as electronic VAT returns, contractor statements, e-invoices and bank communication, come from Microsoft partners, for example in Wise's packages.

Note: Wise does not publish the packages' prices. Svar, which sells Uniconta, says a Business Central implementation usually takes 2 to 6 months and that the system suits companies heading for 50 users or more.

Who does the work

What the law asks of the system

Whichever system it is, the same three rules apply:

• Under article 8 of Regulation no. 505/2013 on electronic invoices and electronic bookkeeping, it must be possible to trace the flow of data through the system, and entries must be impossible to change or delete. The seller of the system must supply detailed information on how it works.
• VAT periods are two months: January and February, March and April, and so on. The due date is one month and five days after the end of the period, and the VAT return is filed electronically on Skatturinn's service site, even when there was no turnover.
• Under article 20 of the Bookkeeping Act no. 145/1994, accounting records are kept for seven years from the end of the financial year. Access to the old system has to last after the switch.

Kassify follows these rules for you. Every entry traces back to its receipt, the VAT return goes in on time and the receipts are kept for 7 years.

Switching before the New Year

Most companies start a new financial year on 1 January, and the January and February VAT period starts with it, due on 5 April 2027. A company that switches at the year turn starts the new year in one system and finishes the old year in the old one: the last VAT period of 2026, the payroll statements and the annual accounts.

A company that switches on its own has to pick a switch date, reconcile the bank in the old system, move the trial balance, customers and opening balances, compare the figures and set up the bank connection and payroll. The steps are set out in dk raised its prices.

With Kassify that work is included. 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.

Questions

No system to choose. One fixed price.

Leave your email and Kassify compares what you pay today for a system, a bookkeeper and an accountant. You get the price in writing before you decide.