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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 $0.33 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 $2.51 TOTAL COST $1.84

 

 

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