Payday, dk or Regla in 2026: the three systems compared line by line, and a fourth way

Kassify · 6 November 2026

Payday, dk and Regla are the three accounting systems Icelandic companies compare most often. All three are monthly subscriptions and all three began in Iceland, but their owners differ. Payday has been part of Visma since 2023. Finago, a Nordic software company, completed its purchase of Regla on 2 November 2026. dk hugbúnaður has been an Icelandic company since 1998.

Here the three are compared on the same seven points, with prices and terms from each company's site on 5 November 2026: packages and price, payroll, bank connection, e-invoices, owners, cancellation and what the year costs with a bookkeeper and an accountant. Then comes a fourth way, which is not a system.

Packages and prices

Prices per month, excluding VAT.

Three things stand out. At Payday, the general ledger itself comes only with Allur pakkinn, and the full price applies once turnover passes 585.000 kr. a month. At dk, payroll and electronic bank reconciliation come only with the most expensive package, and a service contract now comes with every new package. At Regla, entries are counted from the start, not per month.

Payroll, bank connection and e-invoices

A bank connection on its own books nothing. Payday's help centre says its bank reconciliation does no automatic matching, except that payments on claims match to their invoices. You or the bookkeeper match every other line. At Kassify manual entries are 0: every line from the bank, the cards and the inbox is read, booked to the right account and matched to an invoice or a receipt.

Who owns the systems

The owner decides the price list and where the system goes next. The owner does not decide who does the work. In all three systems, that is you or your bookkeeper.

What it takes to leave

The Bookkeeping Act no. 145/1994 puts the duty on the company: accounting records are kept for seven years from the end of the financial year. dk says so plainly in its terms, and so does Payday. A company that cancels dk in November pays for at least three more months.

In the other direction, Payday's help centre lists opening balances, customers, suppliers and the product list when a company moves over from dk. The entry history is not on the list.

What the year costs with a bookkeeper and an accountant

The system is the smallest part of the bill. Here is the year for an ehf. with payroll and 30 e-invoices sent a month, on each system's package that covers the ledger, sales and payroll. The bookkeeper and the accountant are priced on Endurskoðun & ráðgjöf's fee schedule, excluding VAT. The bookkeeper is its hourly rate for bookkeeping, 15.500 kr., for 4 hours a month of booking, reconciliation, the VAT return and payroll: 62.000 kr. a month. The accountant is its base fee for a company's annual accounts and tax return, 130.000 kr.

The gap between the most and the least expensive system is 323.400 kr. a year. The bookkeeper and the accountant cost 874.000 kr. on all three lines, and each hour of a chartered accountant beyond the base fee costs 38.000 kr. excluding VAT. Each bookkeeping hour a month beyond those 4 adds 186.000 kr. to the year. Choosing between Payday, dk and Regla is a choice about the smallest part of the bill, and you still pay three parties.

The ranking: who takes the most work off your plate

The ranking follows how much of the work each option takes off you. Kassify takes all of it and is number 1. The three systems are ranked by how much of the work the system does itself.

1. Kassify

Kassify is an accounting firm that uses AI: a whole finance department. Kassify is not a fourth system on the list. The system, the bookkeeper and the accountant become one party, so package limits, employee counts and message fees stop mattering to you.

• Bookkeeping, VAT returns, payroll and the app for a fixed monthly price, 20% below a traditional accounting firm. Annual accounts and tax return included in the monthly price, reviewed by a chartered accountant.
• 0 manual entries. Each bank is connected directly, and the cards too. Bills from Gmail and Outlook find their own way into the books, and receipts come in from Messenger and the app.
• Sales invoices with the company's logo, paid by card, Apple Pay or Google Pay, claims your customer sees in the online bank, and e-invoices to the state and larger companies.
• A move from Payday, dk or Regla in less than 7 days, included in the price. Kassify talks to your bookkeeper and the history comes with you.
• A reply within 24 hours. Accredited bookkeepers and chartered accountants stand behind the work, among them Gunnar Freyr Guðmundsson, chartered accountant and owner of Endár ehf.

What the monthly price covers is set out on the page on bookkeeping with Kassify.

2. Payday

The cheapest package of the three systems, Nettur at 4.600 kr., and Allur pakkinn costs at most 11.700 kr. In Þéttur, at 8.100 kr., Payday files VAT, withholding tax and pension returns automatically. More in Payday alternatives.

Keep in mind: Payday's terms say the user alone is responsible for the VAT return being correct, and that Payday can only file VAT for invoices sent through Payday and expenses entered there. The bookkeeper and the accountant come on top.

3. Regla

A flat monthly fee with no percentage of turnover, and payroll comes with the cheapest package. The system reads lines straight from the bank. What Finago's purchase means is set out in Regla sold to Finago.

Keep in mind: E-invoices are a separate fee, 3.600 kr. a month and 40 kr. an invoice above 10. Booking, the VAT return and the payroll run stay with you or the bookkeeper, and the accountant is a separate bill.

4. dk

Founded in 1998, with stock in every package and over 33.000 companies in its cloud. Moving from dk is set out in dk raised its prices.

Keep in mind: dk Kjarni, at 19.250 kr., has no payables, payroll or bank reconciliation. All three come only with dk Tindur at 39.000 kr. Cancelling takes three months' written notice, and the bookkeeper and the accountant come on top.

Who does the work

How to switch to Kassify

1. 1
   You name your bookkeeper

   Kassify talks to them and gets access to Payday, dk or Regla. That is your only job.

2. 2
   Kassify moves the history

   Entries, sales invoices, payslips and the opening balance. Every account is reconciled before Kassify takes over.

3. 3
   The bank is connected

   You sign in at the bank once, as you would to your online bank, and Kassify sets up the rest.

4. 4
   Kassify takes over

   In less than 7 days. From the first day, Kassify books, files VAT and runs payroll.

At New Year most companies start a new financial year and a new VAT period. The last period of the year, November and December, is due on 5 February 2027. A company that switches before New Year starts on Kassify on 1 January. Cancel the old system with the notice shown in the table above.

Questions

No system to choose. One fixed price, known up front.

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