#### Average days to pay #3

I just need a help from you all. Can any one of you please provide me the
formula for caluclating average days to pay?

And is debit memo's are considered for it? Please clarify.

 0
shree (6)
4/4/2008 4:00:01 PM
greatplains 29623 articles. 3 followers.

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Hi Shree,

Please find below the information on how the Average days to pay is
calculated.

TechKnowledge Content
Issue:

When and how is the Average Days to Pay calculated in the Customer Credit
Summary window (Cards|Sales|Summary|Credit Summary)?

Resolution:

The Average Days to Pay field is updated when a debit document is fully
applied. The average is recalculated as the document is fully applied and
unapplied. The check date is always used when calculating the average. The
Average Days to Pay (ADTP) is calculated after the first customer invoice has
been fully APPLIED. The formula for the calculation is as follows:

(Current ADTP x Number of Paid Invoices) + Number of Days to Pay Invoice
Just Paid
______________________________________________________________________

Number of Paid Invoices + 1

*The 'Current ADTP' is the last Average Days to Pay found in the Customer
Credit Summary window.

*The 'Number of Paid Invoices' is the number of FULLY applied invoices, but
NOT including the invoice just paid.

*The 'Number of Days to Pay Invoice Just Paid' is the check date minus the
invoice date for the last invoice and check.

EXAMPLES: Assume that NO other invoices have been entered into Receivables
yet. The invoices are being entered into Receivables in the other that they
are given. All of the checks were entered in Cash Receipts
(Transactions|Sales|Cash Receipts).

Invoice Date Check Date # of Days to Pay Calculation ADTP

1) 5/23/97 6/1/97 9 ((0x0) + 9) / 0+1 9

2) 6/1/97 9/1/97 92 ((9x1) + 92) / 1+1 50

3) 7/1/97 7/21/97 20 ((50x2) + 20) / 2+1 40

4) 4/1/97 6/15/97 75 ((40x3) + 75) / 3+1 48

Notice that in 1) the 'Number of Paid Invoices' used in the calculation is
zero. That is because this is the first invoice being paid. When 2) was
entered, there is now 1 paid invoice, so the calculation uses 1, NOT 2. The
paid invoice is NEVER included in the number of paid invoices. Also, the ADTP
result from the previous invoice is used in the calculation of the invoice
which follows.

NOTE: The '"Number of Paid Invoices'" is a field in the Customer Summary
window (Cards|Sales|Summary) that can be edited. This field also has values
for Year-to-Date and Life-to-Date . The Average Days to Pay field on the
Customer Credit Summary window (Cards|Sales|Summary|Credit Summary) can also
be edited. Changing the number in EITHER one of these two fields will change
the calculation of the next paid invoice. If the Year-to-Date value for the
'Number of Paid Invoices' is changed, it will NOT affect the Life-to-Date
value and calculation. The following is an example: Before entering the next
transaction, I accidently changed the Year-to-Date field for the 'Number of
Paid Invoices' from 4 (the number of invoices fully paid from above) to 10.
Here is the result:

5) 10/1/97 10/3/97 2 ((48x10) + 2) / 10+1 43

Notice that the 'Number of Paid Invoices' used in the calculation is now 10
rather than 4. If I hadn't changed the field, the calculation would have
been: ((48x4) + 2) / 4+1 = 38

Thanks

"Shree" wrote:

> I just need a help from you all. Can any one of you please provide me the
> formula for caluclating average days to pay?
>
> And is debit memo's are considered for it? Please clarify.
>
>
 0
don.craig (55)
4/4/2008 4:14:03 PM

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