{"id":6719,"date":"2017-03-02T13:34:25","date_gmt":"2017-03-02T13:34:25","guid":{"rendered":"https:\/\/link4.asia\/my\/?p=6719"},"modified":"2023-09-19T12:17:58","modified_gmt":"2023-09-19T04:17:58","slug":"calculate-savings-on-your-invoicing-in-4-simple-steps","status":"publish","type":"post","link":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/","title":{"rendered":"Calculate Savings on Your Invoicing in 4 Simple Steps<\/strong>"},"content":{"rendered":"\n

Posted by Sam Hassan on 02\/03\/2017<\/p>\n\n\n\n

Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still sending paper invoices.<\/p>\n\n\n\n

True, e-invoicing \u2013 sending and receiving invoices directly from your Accounting software \u2013 is one solution you might look at. But just how much of a difference could it really make to your invoicing expenses?<\/p>\n\n\n\n

Try applying the 4-step example below to your business operations to get a rough estimate on the amount you could save with e-invoicing.<\/p>\n\n\n\n

Invoice Expense Calculation<\/strong><\/p>\n\n\n\n

How many staff hours does it take per month to create invoices?<\/p>\n\n\n\n

Let\u2019s assume you have 4 people in your team \u2013 Jan, Peter, Bruce & Warren \u2013 who create invoices. Together they spend 31 hours per month specifically on invoicing activity.<\/p>\n\n\n\n

What do those hours cost the company in salary?<\/p>\n\n\n\n

Jan spends 10 hrs a month on invoicing, her annual salary is $50,000.<\/p>\n\n\n\n

Peter; 8 hrs a month with a salary of $75,000.<\/p>\n\n\n\n

Bruce; 8 hrs a month with a salary of $95,000.<\/p>\n\n\n\n

Warren; 5 hrs a month with a salary of $40,000.<\/p>\n\n\n\n

Divide each salary by 2000( The average amount of hours a full-time employee works per year) to get an average hourly salary. In our example, it\u2019s $25, $37.50, $47.50 and $20 per hour.<\/p>\n\n\n\n

Multiply these salaries by time devoted to invoicing to determine the monthly expense (10 X $25 + 8 X $37.50 + 8 X $47.50 + 5 X $20 = $1,030)<\/p>\n\n\n\n

$1,030 per month for a 4-person team.<\/p>\n\n\n\n

What do those hours cost the company in overhead and benefits?<\/p>\n\n\n\n

Multiply the figure above by your company\u2019s standard overhead calculation \u2013 your Accountant will know this number if you do not, it\u2019s typically 40% \u2013 50%.<\/p>\n\n\n\n

We\u2019ll use 45%. So the overhead cost of invoicing labour is $463 ($1,030 X 45%).<\/p>\n\n\n\n

The total labour cost for invoicing per month is now $1,493 ($1,030 + $463) \u2013 and we haven\u2019t even taken into Account managerial costs, printing costs, office space (for people and equipment), maintenance, disputes, etc.<\/p>\n\n\n\n

Determine the savings<\/p>\n\n\n\n

The costs really add up, don\u2019t they? That\u2019s why true e-invoicing is becoming the new standard. It removes all the manual steps and helps you cut costs on your invoice processing.<\/p>\n\n\n\n

Once you\u2019re done working out your normal invoicing expenses, you can use this ROI calculator available here to compare and find out how much you can save with a fully automated e-invoicing system such as Link4.<\/p>\n","protected":false},"excerpt":{"rendered":"

Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still sending paper invoices. True, e-invoicing \u2013 sending and receiving invoices directly from your Accounting software…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[29,30,33,38],"class_list":["post-6719","post","type-post","status-publish","format-standard","hentry","category-blog","tag-accounting-software","tag-cloud-accoutning","tag-e-invoicing","tag-productivity"],"yoast_head":"\nCalculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia<\/title>\n<meta name=\"description\" content=\"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia\" \/>\n<meta property=\"og:description\" content=\"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still\" \/>\n<meta property=\"og:url\" content=\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\" \/>\n<meta property=\"og:site_name\" content=\"Link4 E-invoicing - Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-02T13:34:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-19T04:17:58+00:00\" \/>\n<meta name=\"author\" content=\"Link4\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Link4\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\"},\"author\":{\"name\":\"Link4\",\"@id\":\"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07\"},\"headline\":\"Calculate Savings on Your Invoicing in 4 Simple Steps\",\"datePublished\":\"2017-03-02T13:34:25+00:00\",\"dateModified\":\"2023-09-19T04:17:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\"},\"wordCount\":381,\"keywords\":[\"accounting software\",\"cloud accoutning\",\"e-invoicing\",\"productivity\"],\"articleSection\":[\"Latest Blogs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\",\"url\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\",\"name\":\"Calculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia\",\"isPartOf\":{\"@id\":\"https:\/\/link4.asia\/my\/#website\"},\"datePublished\":\"2017-03-02T13:34:25+00:00\",\"dateModified\":\"2023-09-19T04:17:58+00:00\",\"author\":{\"@id\":\"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07\"},\"description\":\"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still\",\"breadcrumb\":{\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/link4.asia\/my\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Calculate Savings on Your Invoicing in 4 Simple Steps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/link4.asia\/my\/#website\",\"url\":\"https:\/\/link4.asia\/my\/\",\"name\":\"LinkFor E-invoicing - Malaysia\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/link4.asia\/my\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07\",\"name\":\"Link4\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/link4.asia\/my\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/924e69dc3f0cc4b596d5b6b91ed85a4bd945a6daf26e06c6519d955c8b4bad49?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/924e69dc3f0cc4b596d5b6b91ed85a4bd945a6daf26e06c6519d955c8b4bad49?s=96&d=mm&r=g\",\"caption\":\"Link4\"},\"url\":\"https:\/\/link4.asia\/my\/author\/linkfor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Calculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia","description":"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/","og_locale":"en_US","og_type":"article","og_title":"Calculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia","og_description":"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still","og_url":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/","og_site_name":"Link4 E-invoicing - Malaysia","article_published_time":"2017-03-02T13:34:25+00:00","article_modified_time":"2023-09-19T04:17:58+00:00","author":"Link4","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Link4","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#article","isPartOf":{"@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/"},"author":{"name":"Link4","@id":"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07"},"headline":"Calculate Savings on Your Invoicing in 4 Simple Steps","datePublished":"2017-03-02T13:34:25+00:00","dateModified":"2023-09-19T04:17:58+00:00","mainEntityOfPage":{"@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/"},"wordCount":381,"keywords":["accounting software","cloud accoutning","e-invoicing","productivity"],"articleSection":["Latest Blogs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/","url":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/","name":"Calculate Savings on Your Invoicing in 4 Simple Steps - Link4 E-invoicing - Malaysia","isPartOf":{"@id":"https:\/\/link4.asia\/my\/#website"},"datePublished":"2017-03-02T13:34:25+00:00","dateModified":"2023-09-19T04:17:58+00:00","author":{"@id":"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07"},"description":"Posted by Sam Hassan on 02\/03\/2017 Invoicing isn\u2019t free; manual labour and associated overheads can make it a costly process, especially if you are still","breadcrumb":{"@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/link4.asia\/my\/blog\/calculate-savings-on-your-invoicing-in-4-simple-steps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/link4.asia\/my\/"},{"@type":"ListItem","position":2,"name":"Calculate Savings on Your Invoicing in 4 Simple Steps"}]},{"@type":"WebSite","@id":"https:\/\/link4.asia\/my\/#website","url":"https:\/\/link4.asia\/my\/","name":"LinkFor E-invoicing - Malaysia","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/link4.asia\/my\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/link4.asia\/my\/#\/schema\/person\/0b84362ccb21d1871820130b6745be07","name":"Link4","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/link4.asia\/my\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/924e69dc3f0cc4b596d5b6b91ed85a4bd945a6daf26e06c6519d955c8b4bad49?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/924e69dc3f0cc4b596d5b6b91ed85a4bd945a6daf26e06c6519d955c8b4bad49?s=96&d=mm&r=g","caption":"Link4"},"url":"https:\/\/link4.asia\/my\/author\/linkfor\/"}]}},"_links":{"self":[{"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/posts\/6719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/comments?post=6719"}],"version-history":[{"count":3,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/posts\/6719\/revisions"}],"predecessor-version":[{"id":10811,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/posts\/6719\/revisions\/10811"}],"wp:attachment":[{"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/media?parent=6719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/categories?post=6719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/link4.asia\/my\/wp-json\/wp\/v2\/tags?post=6719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}