What is float?
In accounting and bookkeeping, float is the time between the writing of a check and the time that the check clears the bank account on which it is drawn. For example, Payer Corporation writes a check for $5,000 and mails it to a supplier on Wednesday. However, the check will not clear Payer Corporation's checking [...]
Sent from Rebecca Parrott Tatum, CPA's iPhone
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