• VC is the total value of checks and other negotiable instruments in process ($) • D is the total days in the period To calculate the average daily float, divide the total value in process by the total days in the period. How to Calculate Average Daily Float? The following steps outline how to calculate the Average Daily Float. 1. First, determine the total value of checks and other negotiable instruments in process ($).
2. Next, determine the total days in the period.
3. Next, gather the formula from above = ADF = VC / #D.
4. Finally, calculate the Average Daily Float.
5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem :

Use the following variables as an example problem to test your knowledge.

total value of checks and other negotiable instruments in process (\$) = 100,000,000

total days in the period = 30

ADF = VC / #D = ?