Use =SUM(B2:B91) to add up the closing balance for every single day in the quarter.
Unlike a "minimum balance" that you must have every day, the AQB is the over an entire quarter. average quarterly balance calculator excel download
Create two columns: Date and Closing Balance . Use =SUM(B2:B91) to add up the closing balance
If your required AQB is $10,000, you can have $0 for many days as long as you have a significantly higher balance on others to bring the average up. How to Calculate AQB in Excel If your required AQB is $10,000, you can
Excel will automatically sum the values and divide by the count of entries. Average Quarterly Balance (AQB) Meaning & Calculation Guide
This method reflects how banks actually calculate your balance.
Calculating AQB manually is tedious, but you can build a simple calculator using basic Excel functions.