Defining New Average Daily Balance Accounts

Note: No ADB calculations will be run for ADB accounts if the company is not defined as an ADB company.

When defining a new ADB company, you have the option to begin by defining any new accounts within the company that will require an average daily balance calculation.

If you will use only existing accounts, start by defining the company as an ADB company. Defining an Average Daily Balance Company

You can also use the following procedure to change individual accounts to ADB accounts after the company has been defined as an ADB company.

To define average daily balance accounts

  1. Access Accounting Unit-Accounts (GL20.1).
    Note: Only posting accounts can be defined as ADB accounts.
  2. Inquire on the company and posting accounting unit for which you want to define the ADB accounts.
  3. Click the Accounts button to access Posting Accounts (GL20.3).
  4. Click the More button to access Account Options (GL20.3) for the account you want to define as an ADB account. Select Yes in the Avg Daily Bal field.