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True cost of credit management

What is the true cost of your credit management? Would outsourcing be a cost effective option?

Cost of credit management calculator
Number
Average cost per item
Annualised Cost
% of total cost
Monthly administration costs
How many invoices do you issue per month?
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How many credit notes do you issue per month?
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How many statements do you issue per month?
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How many reminder letters do you send per month?
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How many Solicitors letters do you issue per month?
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How much do you spend on postage per month?
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Monthly finance & bank charges
How many cheque's do you Bank per month?
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How many returned cheque's to you have per month?
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Monthly staff costs
How many hours a week do Senior Management spend chasing debts?
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Credit Controller salary per month?
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Other staff costs per month?
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Monthly telephone/fax charges?
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Rent, rates, heat and light per month?
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Monthly credit management fees
How many credit checks do you buy per month?
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Other costs?
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Annual credit management fees      
How much do you spend on debtor credit insurance last year ?
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What bad debt did you incur last year?
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How much did you spend on legal action last year?
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Other costs?
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Total annualised costs:
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May92008

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