Days Accounts Payable

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Definition: Days Accounts Payable

Days Accounts Payable
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Full Definition of Days Accounts Payable

A measure of a company’s total accounts payable turnover and their reliance on short-term financing for payments to suppliers; expressed as the average number of days a company requires to pay its accounts within a certain period of time. To calculate, the total supplier purchases in the period are divided by average accounts payable balance, and then divided by 365.

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Days Accounts Payable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/days-accounts-payable/.
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Days Accounts Payable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/days-accounts-payable/ (accessed: April 23, 2024).
American Psychological Association (APA):
Days Accounts Payable. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/days-accounts-payable/

Definition Sources

Definitions for Days Accounts Payable are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 11th August, 2022 | 0 Views.