Days Payable Outstanding widget
This widget displays the average number of days to pay vouchered purchases for this period and several preceding periods.
Filter: Select a multi-site group to display this information for all sites in that group.
Calculation: Days Payable Outstanding = (Accounts Payable / Total Vouchered Purchases) * Number of Days
Accounts Payable is the outstanding balance at the start of the period (calculated by looking at the A/P Posted Transactions form) plus the voucher/adjustments for the period minus the payments for the period. Total Vouchered Purchases are the payments for the period.