ERPstuff - Oracle EBS Community

Posted: **Wed Dec 16, 2009 2:55 am**

Version R12/11i? = 11i

Hi Friends,

While defining our set of books, optionally we can define a transaction calendar and valid business days for that calendar if you plan to use AVERAGE BALANCE PROCESSING.

What is the average balance processing? Kindly give some examples...

With Regards,
Sri

Posted: **Wed Dec 16, 2009 3:45 am**

Hi,

The AVERAGE BALANCE PROCESSING is mainly used by the financial instutions like banks.

Ex.ICICI bank which process savings accounts on 3 months average balnce method.

If i ma wrong please let me know.

Stalin.

Posted: **Wed Dec 16, 2009 11:58 am**

You may go through an article in the oracle support id 210558.1

Cheers,
Saravanan

Posted: **Thu Dec 17, 2009 2:59 am**

Thanks Mr. Saravanan.

With Regards,
Sri

ERPstuff - Oracle EBS Community

Average Balance Processing?

Average Balance Processing?