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What is term for the average time it takes your customer to pay you?
Wiki User
∙ 6y ago
NET 30, 60, or 90 are typical payment expectations for customers. Net 30 = 100% of the balance paid in 30 days, Net 60 is 50% paid by 30 days and the remaining 50% by day 60, and so on. The ability to collect from a customer declines substantially after 90 days. Some say that you'll lost 60% of your recievables after day 90.
Yessenia Breitenberg
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Net
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What is the term for the average time it takes for customers to pay you?
The term for the average time it takes for customers to pay you is the average collection period.
What is the accounts receivable term for the average time it takes your customers to pay you?
Net
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