Reference: Frequency Combinations for Revaluation Rules
Consider these guidelines as you configure the
Time Frame
and Balance or Activity
prompts on the Frequency
section when defining a revaluation rule:
Combinations | Workday Calculates | Comments |
|---|---|---|
Time Frame - Period
Balance or Activity - Activity | Revaluation for the current period activity only. | |
Time Frame - Period
Balance or Activity - Balance | Year to date balance, includes beginning balance journals for balance sheet accounts. | There are no beginning balances for profit and loss accounts.
Assuming you are on a calendar fiscal schedule, year to date balance is from January 1 to the revaluation process run date. |
Time Frame - Summary
Balance or Activity - Balance | Year to date balance as of the end of summary period.
Includes beginning balance journals for balance sheet accounts. | When you select Summary on the Time Frame prompt, Balance is the only option available on the Balance or Activity prompt. |
Time Frame - Year
Balance or Activity - Balance | Current year activity starting with the first day of the fiscal year to the revaluation process run date.
Includes beginning balance journals for balance sheet accounts. | When you select Year on the Time Frame prompt, Balance is the only option available on the Balance or Activity prompt. |