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Definition of Collection fractions
The percentage of a given month's sales collected during the month of sale and each
Average number of days necessary to receive cash for the sale of
The ratio of accounts receivables to sales, or the total
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.
An internal department within a company staffed by specialists in collecting past due accounts or accounts receivable.
The negative float that is created between the time when you deposit a check in your account
Procedures followed by a firm in attempting to collect accounts receivables.
Procedures to collect and monitor receivables.
The percentage of a month's sales that remain uncollected (and part of
Chance that a borrower or trade debtor will not repay an obligation as promised.
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