The average collected balance is the average balance of the funds collected in a certain span of time – usually in a month. It is calculated by adding all of the daily balances and dividing them by the numbers of the days in a month.
The average collected balance is the average balance of the funds collected in a certain span of time – usually in a month. It is calculated by adding all of the daily balances and dividing them by the numbers of the days in a month.