5 year Return on your Investment--Going Paperless
5 year Return on your Investment--Going Paperless
Savings
Year 1
Year 3
Year 5
Assembling/Handling of Paper Documents
Assembling/Handling of Paper Documents
Projected Professional Time Savings Annually
Number of Returns
Returns
Marerial, Storage and Shredding Cost
Assemble Returns/Binders/Folders (Original Document)
Minutes
Avg. (10-60 Min)
Annual Saving Cost
Assemble ALL Returns/Binders/Folders (Original Document)
Minutes
Number of Times Each Return folder is Accessed
Times per year
Cost
Year 1
Year 3
Year 5
Time to Locate, Retrieve, and Refile
Minutes
Paperless Assistant Software
Time Retrieving and Refiling Documents
Minutes
Training/Consulting Cost
Avg. # of Misfiled Documents Per Year
Files
Hardware Cost
Avg. Time to Find Misplace/Damage/Lost Files
Minutes
Conversion Cost
Time to Find Misplace/Damage/Lost Files
Minutes
Annual Total Cost
Total Time Handling Paper
Hours
Employee Labor Cost
(Administration)
Per Hour
Cumulative Savings
Total Labor Cost Savings
Projected Professional Time Savings Annually
"Hard Costs" Budget Items
Number of Returns
Returns
Ease of Review using Hyperlinks
Binders (Used for Return Prep)
Enter Costs
Number of Minutes Saved Using Hyperlinks
(Avg. 30-60 Min)
Tabs or Separators (Used for Return Prep)
Ease of Review Using Electronic Comments
Paper (Used for Return Prep)
Number of minutes Saved Using Electronic Comments
(Avg. 10-20 Min)
Reviewer Pencils/Pens (Used in Return Prep)
Tax Return Referencing
Other
Number of Minutes Saved Tax Return Referencing
(Avg. 10-15 Min)
Other
Rollover/Transition from Year to Year
Total Annual Cost Material, Storage &
Number of Minutes Saved Using Rollover Feature
(Avg.15-30 Min)
Shredding
Total Professional Time Saved
Hours
Employee Labor Cost (Management/Review)
Per Hour
Total Labor Cost Savings
Material, Storage and Shredding Cost
Hard Material Cost Savings
Cost
Unit Cost
Units
Number of Returns
Avg. Annual Documents Per Return
(Printed Returns)
Total Printed Documents
Toner, Printing @???/Per page
Per Page
Paper
Folders
Binders
Tab Separators
Total Cost of Material
Storage On/Offsite
Space for File Cabinets
6
Square Fe
et Per Cabinet
Total Space for Cabinets
10
# of Cabinets
Cost for Storage Space
Per sq. Ft
Per Month
Cost for File Cabinets @ $499 each
$499
Each Cabinet
Annual Storage Space Cost
Documents Purged Per Year
Time to Locate, Retrieve, and Shred Files
Minutes
Total Time Purging Files
Hours
Employee Labor Cost
(Administration)
Hourly
Total Cost Purging Files
Annual Cost for Shredding
Annual Co
st
Annual Cost for Purging/Shredding Documents
Total Annual Cost Material, Storage and Shredding
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