Setting Up Allocation Calendars

The calculation of average balances for use in allocation sources depends on the transaction dates that relate to an accounting period. The allocation calendar enables you to:

specify the start date for each accounting period.
indicate the dates in a period that are to be excluded from the average balance calculation. These might include weekends and other public holidays.

The number of days included in the calculation of average balances is the number of days between the start of a period and the start of the next period, less the number of days for which the Exclude Day field is set to Yes. This means that, for example, to specify the number of days used for calculating average balances in period 12 you must create an allocation calendar which includes the start of period 13.

If you are using an allocation calendar you must create a calendar for period 001.

Note: If you do not define a calendar, all dates are included in the average balance calculation and the accounting periods are assumed to be calendar months.