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. |