Payroll Funding Profitability Calculator Tool
Use this Flexible Funding – Payroll Funding Profitability Calculator Tool to forecast a temp staffing agency’s break-even point and weekly sales volume needed to achieve a profit.
This temporary staffing business calculator is most useful for examining your entire staffing business as a whole and determining a breakeven profitability point. This is an especially useful tool for new staffing agencies. A completely separate staffing agency calculator (the Payroll Funding Temporary Staffing Margin / Markup Calculator) may be used to analyze the profitability of an individual account or prospect.
In the Flexible Funding – Payroll Funding Profitability Calculator Tool, any payroll funding, temp agency funding, payroll financing, or accounts receivable factoring costs may be included in an “add row box”. An apples-to-apples comparison of most staffing agency funding or factoring companies will typically result in a cost of 2% to 3% for 45 days on billings/full invoice amount when funding the maximum amount available; however, if a temporary staffing agency funds less than the maximum, does a very large sales volume, or has extremely quick turns on the accounts receivable invoices, the payroll funding or factoring fees may be substantially less.
When using Flexible Funding’s Payroll Funding staffing calculators, tab through the input fields and notice that for convenience some boxes may be filled in with a percentage amount and other boxes may be filled in with total dollar amounts. Also take notice that the Flexible Funding – Payroll Funding Profitability Calculator Tool is only a “breakeven” calculation for a staffing agency; you may want to input various hypothetical numbers to meet an owner’s or management’s target net profit beyond breakeven. You may call us at Flexible Funding Payroll Funding 800-487-8327, with no obligation, to discuss net profit or costs for various staffing industry niches.