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What does it cost your company to create an
invoice?
The answer may surprise
you. The following information is a general assessment of these costs. Your individual
costs may vary, but these figures are based on real world models.
|
500 Invoices/Bills
Monthly
|
5,000 Invoices/Bills
Monthly
|
|
Item
|
Cost
|
Item
|
Cost
|
|
Postage
|
$0.34
|
Postage
|
$0.235
|
|
Envelope - outgoing
|
$0.07
|
Envelope - outgoing
|
$0.04
|
|
Envelope - return
|
$0.07
|
Envelope - return
|
$0.04
|
|
Invoice/paper
|
$0.08
|
Invoice/paper
|
$0.05
|
|
Equipment Depreciation/supplies
|
$0.03
|
Equipment Depreciation/supplies
|
$0.03
|
|
Posting/Lock Box
|
N/A
|
Posting/Lock Box
|
$0.20
|
|
Deposit Fee/Bank
|
$0.05
|
Deposit Fee/Bank
|
N/A
|
|
Labor Cost (Production)
|
$0.53
|
Labor Cost (Production)
|
$0.26
|
|
Labor Cost (Posting)
|
$0.53
|
Labor Cost (Posting)
|
$0.26
|
|
2nd Notice
|
$0.09
|
2nd Notice
|
$0.09
|
|
3rd Notice
|
$0.03
|
3rd Notice
|
$0.03
|
|
Additional Labor on 2nd/3rd Notice
|
$0.35
|
Additional Labor on 2nd/3rd Notice
|
$0.25
|
|
Phone Calls / Late Payments
|
$0.21
|
Phone Calls / Late Payments
|
$0.21
|
|
Cost of Funds (Loss of Interest)
|
$0.14
|
Cost of Funds (Loss of Interest)
|
$0.14
|
|
Opportunity Loss
|
Varies
|
Opportunity Loss
|
Varies
|
|
TOTAL COST
|
$2.52
|
TOTAL COST
|
$1.84
|
|
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