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Average Collected Balance: For business Accounts, the Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the period (monthly or other applicable period) and dividing that figure by the total number of days in that period.
BREAKING DOWN 'Average Collection Period'. For example, suppose that a widget making company, XYZ Corp, has total credit sales of $100,000 during a year (assume 365 days) and has an average amount of accounts receivables is $50,000.Its average collection period is 182.5 days.EFINITION of 'Average Collection Period'. The approximate amount of time that it takes for a business to receive payments owed, in terms of receivables, from its customers and clients.