Corey Salzano

Blog

  • Calculate days receivable

    The amount of time that elapses between a sale and receipt of payment for that sale provides information about the financial structure of a company, including how the company manages its receivables. Calculating days receivable, or the average number of days sales are outstanding, is easy now with this calculator:

    Days Receivable Calculator

    Days receivable = = Accounts receivable balance
    Average day’s sales = = Net sales
    365


    Efficiency ratios can indicate how efficiently a business manages its assets. Days receivable is the collect-ability of accounts receivable, answering the question “how fast can cash supply be built?” with a number of days.

    Calculating this number of days receivable helps determine if a change in receivables is a result of a change in sales. Comparing days receivable with the company’s credit terms indicates how customers obey the terms of credit.

    About the tool

    I built this tool with Flash in 2007. I rewrote it in JavaScript in 2011 since Flash is now of questionable compatibility. The reset button restores all values to defaults, and the about button launches this web page. If you have trouble or suggestions please leave comments here.

  • Do not forget about your domain

    If your business has a website, be sure you understand who is in charge of maintaining your domain name registration. Anyone can find out who owns a domain by conducting a whois query on the address. The registration and expiration dates are listed in the report as well as the name of the company that can help renew an expiring domain. Most web hosts will register and maintain a .com or other top level domain name for your website, and some will charge hundreds of dollars to gain or regain ownership of your own domain.