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Invoice factoring cost calculator

See the fee and the yearly cost of getting invoice money early.

CAD

The face amount of the invoice, in Canadian dollars.

%

The fee as a percent of the invoice, as you type it. Up to 2 decimal places.

%

The percent of the invoice you receive now. Use a percent above 0.

days

How many days until the customer would have paid. From 1 to 3650.

Result

Invoice factoring cost calculator

Yearly cost

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Enter the invoice, the fee percent, the advance percent and the number of days.

Ballpark estimate, check before you buy or quote.

This is a simple estimate, not advice.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.

How this works and common questions

About this tool

The fee and the advance are percents of the invoice you type. The yearly figure uses 365 days. This is a simple estimate, not advice. Nothing is stored.

How it works

The fee is the invoice times the fee percent. The advance is the invoice times the advance percent. Both round half away from zero to the cent. The yearly cost is the fee divided by the advance, times 365 divided by the days you type.

Rules

This is a simple estimate, not advice. You type every percent. The year is 365 days. Nothing is stored.

Questions

What is the yearly cost?

The fee divided by the cash advanced, spread over a 365-day year using the days you type. A $10,000 invoice, a 3% fee, a 90% advance and 30 days is 40.56% a year.

What do the percents apply to?

Both percents apply to the invoice amount you type, not to each other. The fee is not subtracted before the advance percent is applied.

Why 365 days?

The year in this formula is 365 days, including in a leap year. The result is rounded half away from zero to 0.01 of a percent.

Do I need an account?

No. The tools work without one. You only need to sign in to save your work.

Is what I type saved?

No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.

Do you show ads or sell my information?

No. We show no ads and we do not sell your information.

Is this tax or legal advice?

No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.

Sign in to save this. Your entries stay on screen.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.