Get paid
On time
Every time

Payday makes invoicing, payroll, claims and return of public taxes for freelancers and small companies easy. See how easily Payday can save you time and effort.

Why Payday

Saves time, automated and less worries

Automatic return of
public taxes

Payday returns all public taxes automatically and ensures that nothing is forgotten.

Save time
= more income

Whether you have an accountant or handle the accounting yourself - you'll save a fortune with Payday.

on work

All you have to do is remember to invoice. Payday handles everything else.

Graphical reports

Payday gives you the overview you need. In a simple way you can get a full overview of payouts, public taxes, VAT and pension.


Simple payout

As soon as your invoice is paid and you're ready for your payroll then we'll take care of salary calculations and return all public taxes automatically. It doesn't get easier than that.

Want examples?

We have come up with some use cases
on how Payday can be useful.

Frelsi flugstjórans er að fljúga í háloftunum

Ég vil hafa hlutina einfalda og ekki eyða tímanum í pappírsvinnu. Payday sparar mér tíma og gerir mér kleift að einbeita mér að fluginu.

- Kári Kárason flugstjóri

Frelsi myndlistarkonu er að láta hugann reika

Ég vil geta einbeitt mér að því að skapa fallega list. Payday auðveldar mér lífið, sér um öll skil og að allt fari á réttan stað.

- Sigrún Guðmundsdóttir myndlistarkona

Frelsi rafvirkjans er að nostra við smáatriðin

Ég vil ekki hafa áhyggjur af reikningagerð, launaskilum og virðisaukaskýrslum. Payday hjálpar mér að halda áætlun og klára verkin í tíma.

- Bjarni Hjörleifsson rafvirki


Vat returns



Simplify your life

Starting today!

Membership subscription

You can choose between three types of membership subscription

and easely change subscription plan any time you like

Ekkert mánaðargjald

Engin notkun = ekkert gjald
  • Unlimited invoices

    Send as many invoices as you like
  • Create claims

    Online bank claims
  • Email reminders

    Get emails when an invoice is paid or on its final due date
  • Recurring invoices

    Invoices sent automatically to your customers on a regular interval
  • Estimates

    Create estimates that you can send to your customer
  • Invoice history

    See e.g. when email is opened by a customer
  • Expense registration

    Register expenses that go automatically to your VAT return
  • VAT reports

    View VAT reports by period
  • VAT returns

    Automatic VAT returns
  • Salary payout

    Let Payday do your salary calculations
  • Income tax return

    Automatic return of income tax and insurance fee
  • Pension filing

    Automatic filing of pension and rehabilitation fund
  • Union filing

    Automatic filing of union fees
  • Tax payments

    Automatic payments of income tax and VAT returns
  • It's easy to switch

    We transfer older invoices from other systems into Payday
  • Entry list

    Get an overview of your balance
  • Balance summary

    Get a graphic overview of income and expense this year
  • Activity list

    Get an overview of all your customers activity
  • National registry connection

    Look up customers in the national registry

On the house


0 kr.

Unlimited amount
of invoices



3.900 kr.

a month (+VAT)
or 1% per invoice

All inclusive Full service


9.900 kr.

a month (+VAT)
or 3% per invoice

Right in your pocket

Our Payday web app is of course optimized for mobile devices
so you can send invoices or get paid


How much can I save?

Our calculator gives you the overview ofhow much you can save by using Payday.

Enter the total amount of invoices per month (excluding VAT):


Invoicing and paperwork can be time consuming and demanding process.
If we assume that it takes you hours per month to take care of invoicing and estimate kronur hourly rate,
then you are saving Y kronur monthly!

You save

0 kr.

Payday calculator

Do you want to know how much salary you can have based on how much your income is? Or do you want to know how much you have to contribute as an employer if you want to pay yourself a certain salary?

Enter salary or total cost in the boxes below to figure it out.


Pension fund payments

Statutory pension savings
20.000 kr.
50.000 kr.
500 kr.
Private savings
0 kr.
0 kr.

Public taxes

Income tax
177.312 kr.
0 kr.
37.675 kr.
Personal tax allowance
53.895 kr.
0 kr.

Unions and funds

0 kr.
0 kr.
0 kr.
0 kr.

The people

Payday is owned and developed by Divot ehf. Divot is a software
company with many brilliant employees that have years of experience
in developing systems with the highest standards of performance and reliability.

Chief Executive Officer

Björn Hr. Björnsson

Björn is the founder and CEO at Payday as well as running the software company Divot ehf. Björn has years of experience in software development and was one of the founder of Mið He has also lead the development of ticketing platforms in Denmark, Sweden and Norway.

Chief Technology Officer

Gunnar Gils Kristinsson

Gunnar graduated with a computer science degree from Reykjavik University in 2004 and now works as CTO at Divot. He has over 10 years of experience developing web applications especially in the field of payment solutions and ticket sales but he has worked for Valitor, Landsbankinn and Venuepoint AS.

Sales Executive

Kolbrún Þorkelsdóttir

Kolbrún is an educated lawyer and works part-time at City of Reykjavik. Kolbrún has extensive experience in sales and marketing, and she is particularly fond of expressing her voice and speech.


Stefán Ari Guðmundsson

Stefán graduated with a business administration degree from University of Iceland in the year 2000. He is currently the CEO at Heilsuborg and has previously been CEO at Practical and S.Helgason. Stefán is a member of the board at Payday and provides advice on finance and operational matters.

Payday uses online services from the following parties

Runs on the Azure cloud from Microsoft

Nomination for „Best FinTech startup"

Nordic Startup Awards

„Vefkerfi ársins 2017“ tilnefning

Íslensku vefverðlaunin 2017