oboloo Glossary

Accounts Payables Days

oboloo Glossary

Accounts Payables Days

Accounts Payable Days measures the amount of time it takes a business to collect money from their customers. It includes the transit time from when the customer pays up until the money arrives in the business’s bank account. It also includes any delays that occur due to weekends, holidays, and bank holidays.

The official definition of Accounts Payable Days is:

The number of calendar days taking place after a company receives an invoice but before it receives cash for that invoice.