The True Cost of AP Running an analysis to determine how much AP costs is no easy task. Of course you have your AP staff cost, materials cost, but there are also many other “soft” costs associated with managing the entire process. Do you take into account the time spent by managers to approve things? How about the amount of time your AP staff spends simply trying to manage the process? Are you able to pay your bills on time? How much did your company pay in late fees last year? This article is designed to help you take a better look at these costs, and to find ways to shrink your total expenditure. IOMA estimates that every bill you pay is incurring somewhere between $5 and $26 in processing cost. Lets break these numbers down to help make some sense

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