Calendars

Calendars are processing schedules and posting periods that are used by asset books to report on periods and date ranges. It is also used to calculate depreciation, replacement costs, and insurance values.

A calendar associates a book with a company. You must specify a calendar for each book and for each company that uses that book. This procedure outlines the process for specifying calendars.

Use calendars to determine this information:

• The number of periods per closing date.
• The period closing date.
• Whether the book is a posting book or a required book, or both.
• If journal entries are created for Global Ledger.

Before you can define a calendar, verify that the Global Ledger company and book that is associated with the calendar are defined.