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how to calculate the average ledger balance. The average balance is the beginning and ending balance divided by 2. Lets say you need to calculate the average daily balance for a checking account over.
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For example say you were calculating average monthly balance of a checking account that started the month with 3000 but ended with 2500. The average collected balance or average daily balance is computed by adding the account balance at the end of each day of the month and then dividing by the number of days. The ending balance for each.
The average daily balance will automatically calculate and display.
The average collected balance or average daily balance is computed by adding the account balance at the end of each day of the month and then dividing by the number of days. To calculate the credit card average daily balance you simply take the total balance at the end of each day of the billing cycle then divide by the number of days. To calculate the average ledger balance a company combines the ending balance from each day during the month and divides the result by the number of days in the month. Record your account balance each day of the month.