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.

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

## 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 = ?