Check Conversion Program - Merchant PROFIT Worksheet
Directions: You can change numbers in the white areas and the worksheet will calculate the savings.
Cost Of Manually Depositing Checks at the Local Bank
Trips to the bank per week:
This field must be an integer.
(trips)
Cost per mile (Gas and Car Maintenance):
($)
Bank Roundtrip Miles:
This field must be an integer.
(miles)
Employee Handling Time - Per Deposit:
(Sorting Checks, Driving, Depositing Checks)
This field must be a decimal.
(hours)
Employee Cost Per Hour:
This field must be a dollar amount.
($)
Bank Charge Per Deposited Check:
This field must be a dollar amount.
($)
Number of Checks per Month:
This field must be an integer.
(checks)
Average Check Amount:
This field must be a dollar amount.
($)
Number of NSF Checks per Month:
This field must be an integer.
(checks)
Bank Charge Per NSF Check:
This field must be a dollar amount.
($)
Annual Cost of Depositing Checks:
$0.00
Annual Losses Due To Returned Checks:
+ $0.00
Annual Cost of Accepting Checks:
$0.00
Cost Of Using Check Conversion Program
Monthly Program Fees:
This field must be Currency.
($)
Transaction Fee per Item:
This field must be Currency.
($)
Percentage Fee per Check:
This field must be a Percentage
(%)
Other Misc. Fees:
(Annually)
This field must be Currency.
($)
Guarantee Returned Checks?
Annual Cost of using Check Conversion:
$0.00
Annual Business Savings From Using Check Conversion:
$0.00
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