billing lag
Definition
In 'cost plus' and 'time and material' contracts, the number of days between incurring costs and invoicing them to the customer. This lag usually represents the time required for processing the accounting and pricing data.
Popular 'Accounting & Auditing' Terms
billing lag in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/billing-lag.html
