payment history analysis
Definition
The review of payment patterns within an accounting area, such as accounts receivable. By reviewing a payment history, a company could identify practices that could increase collections and reduce the time between billing and payment, as well as identifying activities that are not undertaken properly, such as the prompt delivery of a bill.
Popular 'Accounting & Auditing' Terms
payment history analysis in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/payment-history-analysis.html
