Payday

For freelancers and small and midsize businesses in Iceland, Payday helps manage invoicing, payroll, bookkeeping and tax-related administration in one place. Businesses can create invoices, send them by email or electronically to a customer’s accounting system, and create payment claims for online banking. The app also tracks which invoices are unpaid and provides an overview of income and taxes. Payday includes payroll tools for calculating pay and preparing payslips and payroll-related filings. For bookkeeping, users can record expenses, import bank transactions, reconcile accounts and prepare VAT reports. It may suit business owners who want to manage these routine financial tasks themselves; its payroll and tax features are geared toward Icelandic requirements.

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