Daily balance action

The Daily Balance action triggers the calculation of daily balances, aggregates, and averages based on the selected run date. The run date is used to determine up to what date you must calculate ADB.

The average daily balance calculation can be performed on a monthly basis but balances are tracked on a daily basis. Only posted balances for the day or period are included in the calculation.

To run the Daily Balance action, a reporting basis must be enabled for average daily balance processing. Beginning balances or posted journal entries must exist to calculate the daily balances, aggregates, and averages.