Live Tool

Cost-to-Close Calculator

Three inputs. Instant result. Estimate what month-end close, reconciliation, and approval follow-up cost your finance team each year.

Currency
Your Current State
Finance team on close3 people

Everyone who touches close: accountants, controllers, AP/AR staff

Hours per person per close30h / month

Reconciliation, exception review, approval follow-up, journal entries, ERP posting

Loaded hourly cost (A$)A$75/hr

Include salary, employer contributions, benefits and overhead. Replace the illustrative rate with your own.

Total hours/mo
90h
Annual hours
1080h
Close Cost Estimate
Monthly close costA$6,750
Annual “Manual Tax”
A$81,000
per year in close labor and manual review time
Illustrative scenario: 70% less manual effort
A$24,300/yr
27h/month
Modelled labor capacity value
A$56,700
756h potentially released/yr

HOW THIS ESTIMATE WORKS: team size × hours per person × hourly cost, multiplied by 12 for annual labor cost. The 70% reduction is an illustrative scenario, not a forecast or guaranteed result. It excludes implementation, software and maintenance costs. Released hours are capacity, not cash savings unless spending falls. Labor hours cannot establish elapsed days to close; approvals, dependencies and waiting time also affect the calendar.

Want to know what sits behind the number? Bring one close workflow or approval bottleneck to a scoping call.

Book Scoping Call

Finance automation context

Close cost is one signal, not the whole automation case.

Use the broader finance automation model to connect month-end close work with invoice exceptions, approval evidence, payment controls, and accounting-system handoffs.

View the finance automation model

Where this fits

This calculator is a first-pass model. In a control sprint, we replace broad estimates with your actual close steps, exception queues, approval checks, and evidence requirements before recommending what should be automated or left alone.

Read the close automation guide