Defining Transaction Calendars

Each set of books for which average processing is enabled, must be assigned a transaction calendar, which is used to control transaction posting. When you define the transaction calendar, you choose which days of the week will be business days. You can also specify other non-business days, such as holidays, by maintaining the transaction calendar.

To define a transaction calendar:

1. Navigate to the Transaction Calendar window. (Standard path: Setup Financials Calendar Transaction)

2. Enter a Name and Description for the transaction calendar.

3. Optionally, choose Defaults to change the Business Day defaults.

4. Save your work.

General Ledger will create the transaction calendar, using the defaults you specified.

To maintain a transaction calendar:

1. Navigate to the Transaction Calendar window.

2. Query the transaction calendar you want to maintain.

General Ledger will display the requested transaction calendar. Note that valid business days have a checkmark in the Business Day checkbox at the right side of date line.

3. Query the specific date, or range of dates, that you want to maintain.

4. To make a date a valid business day, mark the Business Day checkbox for the date line. To make a date a non-business day, unmark the checkbox.

5. Save your work.