Average supplier payment period definition
Average supplier payment period means the period from delivery of the goods or provision of the service by the supplier through to effective payment of the transaction.
Average supplier payment period means the period that elapses from the date of invoice to the material payment of the operation as stated in the resolution of the Spanish Accounting and Audit Institute mentioned above.
Average supplier payment period. , means the period of time between the delivery of goods or provision of services by the supplier, and the material payment of the transaction. This “Average supplier payment period” is calculated as the ratio formed in the numerator by the sum of the ratio of transactions paid multiplied by the total amount of payments made plus the ratio of transactions pending payment multiplied by the total amount of outstanding payments and, in the denominator, by the total amount of payments made and outstanding payments.
More Definitions of Average supplier payment period
Average supplier payment period means the period between the delivery of the goods or the rendering of services by the supplier and the material payment of the transaction.
Average supplier payment period means the period from the date of the invoice to the material payment of the transaction as defined in the Resolution of the Spanish Accounting and Accounts Auditing Institute stated above.