Creating date formulas

  1. Select Absence Management > Set Up > Plans and Components > Formulas.
  2. Click New.
  3. Specify this information:
    Absence Formula
    Specify an absence formula.
    Description
    Specify a description for the absence formula.
    Formula Type
    Select Date.
  4. Click Save.
  5. On the Detail tab, click New.
  6. Specify this information:
    Formula Date
    Specify the date for which the accrual occurs.
    Note: If you require time for accrual before a calendar date, include the lead time on the date you specify for the formula. For example, if the July 4th holiday is to be accrued in advance for a resource on a monthly schedule, then use June 1st.
    Description
    Specify a description for the for the formula.
    Expiration
    Specify the period and units for the expiration time period. If using a specific Expiration Date, leave this field blank.
    Expiration Date
    Specify the expiration date. If using a specific Expiration period, leave this field blank.
    Amount
    Specify an amount. If you type an amount, leave the calculation field blank.
    Calculation
    Specify a calculation for the formula. If you select a calculation, leave the Amount field blank.
  7. Click Save.