Each set of books for which average processing is enabled, must be assigned a transaction calendar, which is used to control transaction posting. When you define the transaction calendar, you choose which days of the week will be business days. You can also specify other non–business days, such as holidays, by maintaining the transaction calendar.
1. Enter a Name and Description for the transaction calendar.
2. Optionally, choose Defaults to change the Business Day defaults.
To establish the first transaction day, General Ledger looks at all calendars in the system to determine which calendar has the earliest period. January 1st for the year in which this earliest period occurs is the first transaction day.
3. To make a date a valid business day, mark the Business Day checkbox for the date line. To make a date a non–business day, unmark the checkbox.
Business Day Defaults
When you first define a transaction calendar, General Ledger uses default values for determining which days are business days and which are non–business days. You can change the business day defaults before you have General Ledger generate your initial transaction calendar.