Pricing & GL Tools
Credit Grant — Prepaid Asset Record
Grant Date
2025-04-01
Contract Reference
CONTRACT-OPENAI-2025-001
Expiry
No expiry
Opening Balance (Prepaid Asset)
$2,800,000.00
Consumed (Expensed to date)
$0.00
Closing Balance (Remaining Asset)
$2,800,000.00
OpenAI API credits granted as part of research partnership agreement. Balance sheet classification: Current Asset — Prepaid Expenses. Expense account: AI Research & Development — API Costs.
Monthly Journal Entries
DR AI Research Expense / CR Prepaid OpenAI Credits — one entry per period
| Date | Description | Account (DR) | Account (CR) | Debit | Credit |
|---|
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OpenAI Model Pricing
Published rates as of Q1 2025 — used for token-to-dollar conversion
| Model | Input / 1M tokens | Output / 1M tokens | Cached Input / 1M | Notes |
|---|---|---|---|---|
| gpt-4o | $2.50 | $10.00 | $1.25 | |
| gpt-4o-mini | $0.1500 | $0.6000 | $0.0750 | |
| gpt-4-turbo | $10.00 | $30.00 | — | |
| gpt-4 | $30.00 | $60.00 | — | |
| gpt-3.5-turbo | $0.5000 | $1.50 | $0.2500 | |
| o1 | $15.00 | $60.00 | $7.50 | |
| o1-preview | $15.00 | $60.00 | $7.50 | |
| o1-mini | $3.00 | $12.00 | $1.50 | |
| o3-mini | $1.10 | $4.40 | $0.5500 | |
| text-embedding-3-large | $0.1300 | — | — | Embeddings only — no output tokens |
| text-embedding-3-small | $0.0200 | — | — | Embeddings only — no output tokens |
| dall-e-3 | — | — | — | $0.040/image (standard 1024×1024) |
| tts-1 | $15.00 | — | — | $15/1M characters (audio) |
| whisper-1 | — | — | — | $0.006/minute of audio |
Token Cost Calculator
Cost Breakdown
Cost-saving alternative
Consider gpt-4o-mini — Suitable for most classification, extraction, and simple reasoning tasks.
Saves $0.423000/call (94% cheaper)
Model Substitution Guide
Cost-reduction alternatives for expensive models in your current usage mix
Suitable for most classification, extraction, and simple reasoning tasks
Input: $2.50 → $0.1500 (94% cheaper) · Output: $10.00 → $0.6000 (94% cheaper)
gpt-4o is faster and cheaper with comparable quality
Input: $10.00 → $2.50 (75% cheaper) · Output: $30.00 → $10.00 (67% cheaper)
gpt-4o supersedes gpt-4 on most benchmarks at lower cost
Input: $30.00 → $2.50 (92% cheaper) · Output: $60.00 → $10.00 (83% cheaper)
o3-mini is significantly cheaper for many reasoning tasks
Input: $15.00 → $1.10 (93% cheaper) · Output: $60.00 → $4.40 (93% cheaper)
o3-mini is significantly cheaper for many reasoning tasks
Input: $15.00 → $1.10 (93% cheaper) · Output: $60.00 → $4.40 (93% cheaper)