Average daily balance
Average daily balance is the average balance of the closing account or
cost center balances that are calculated for each day in a period.
Average balance processing is important for financial institutions to generate their average balance sheets. The standard balance sheets are required by many regulatory agencies.
When average daily balance is enabled, you can run the average daily balance calculation and view average daily balances.
Global Ledger supports fixed dimensions and all dimensions.
- When fixed dimension is selected, follow these instructions:
- When All Dimensions is enabled, follow these instructions:
See the Financials Setup and Administration Guide to enable and disable ADB for all dimensions.