The days between done and invoiced belong to nobody

Debtor days get reviewed every month. The stretch before an invoice exists rarely appears in any report, and it is usually longer.

By Steve 4 min read
Abstract bridge artwork for The days between done and invoiced belong to nobody

Most businesses can tell you their debtor days to one decimal place. Far fewer can tell you how long work sits after it is finished and before anyone raises an invoice for it. That gap is real cash, it is funded by the business, and in most organisations no single person is accountable for it, because it falls between delivery, who consider the job done, and finance, who cannot bill what they have not been told about. Three legs, one of them unwatched The cash conversion cycle has three components…

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