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Administrator Guide
Last Updated: 2024-02-23
Calculate Average Daily Balances

Calculate Average Daily Balances

Create average daily balance rules.
Security: These domains in the Financial Accounting functional area:
  • Process: Average Daily Balance
  • Reports: Average Daily Balance
  • Reports: Organization Average Daily Balance Lines
Configure the
Process Average Daily Balance Event
 business process and security policy in the Financial Accounting functional area. See Concept: Business Processes.
You can configure a time period or date range to calculate the average daily balance.
You can also calculate your average daily balance using OfficeConnect. See Average Daily Balance Reporting with OfficeConnect.
  1. Access the
    Process Average Daily Balance
     task.
  2. Select a
    Run Frequency
    .
  3. On the
    Average Daily Balance
     tab, you can only select companies that you assigned average daily balance rules to.
  4. (Optional) On the
    Schedule
     tab, you can set up recurring average daily balance processing.
    Workday processes average daily balances from the accounting date of the earliest transaction posting or adjustment up to the current date.
    Example: You process the average daily balance from February 1 through June 30. On July 1, you adjust 2 journals dated March 25 and April 5. When you process the average daily balance on July 7, Workday processes the balance from the earliest adjustment date (March 25) up to July 7.
For each company or company hierarchy, Workday:
  • When configured, initiates the
    Process Average Daily Balance
     business process for review of the average daily balance results.
  • Calculates both the transaction and base amount.
Create custom average daily balance reports or other financial reports.