Enter the total value of checks and other negotiable instruments in process ($) and the total days in the period into the Average Daily Float Calculator. The calculator will evaluate the Average Daily Float.

## Average Daily Float Formula

The following two example problems outline the steps and information needed to calculate the Average Daily Float.

ADF = VC / D

Variables:

- ADF is the Average Daily Float ($/day)
- VC is the total value of checks and other negotiable instruments in process ($)
- 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.

- First, determine the total value of checks and other negotiable instruments in process ($).
- Next, determine the total days in the period.
- Next, gather the formula from above = ADF = VC / #D.
- Finally, calculate the Average Daily Float.
- 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** **= ?