Definition of ‘Accounts Payable Days’
Accounts payable days is an activity ratio which shows the average number of days your business is taking to pay its suppliers for goods and services provided on credit terms.
Financial Template Accounts Payable Days Definition
The accounts payable days definition for use in the financial projections template is an input value based on past experience, industry norms, or intended credit terms to be taken from suppliers. It represents the number of days from invoice date, that your business will take to pay suppliers for goods and services supplied on credit.
The accounts payable days is used to calculate accounts payable based on the cost of sales and operating expenses of the business.
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