Defining an Average Daily Balance Company
You must define a company as an average daily balance company before running any ADB calculations. Also, you cannot define any existing accounts within the company as ADB accounts until the company is defined as an ADB company.
Before defining a company in the ADB application, the company must exist in the General Ledger application.
To define an average daily balance company
- As of Effective Date
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To specify a default effective date for all companies, select an effective date. This date is used to select transactions the system includes in an ADB calculation. You can limit the transactions that affect your ADB calculations by adjusting this date.
The date entered in this field applies to all calculations for all ADB accounts within every ADB company unless overridden for a company or on Transaction Posting (AD190).
If left blank, the effective date defaults to month end.
- Company
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Select a company number. You can select from a list of all General Ledger companies.
- Balancing Accounts
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Select an inactive equity account. This account does not have to be an ADB account. You can select from a list of all posting accounting units, accounts, and subaccounts that exist in the General Ledger application for the company number selected.
- Effective Date
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To have your company's effective date be different from the default, select the company's effective date.
This date is used to calculate and update the average daily balance of your accounts. You can limit the transactions that affect your ADB calculations by adjusting this date.
Note: You can override the effective date during the ADB processing cycle when you run Transaction Posting (AD190).