Eagle Accounting's business calendars limit fund processing to occur only on valid business days. You can define a calendar for every country, and can set up calendars to include holidays and other non-business days specific to each country. You can then use these calendars to:
Define accounting periods
Process income and expense accruals for weekends and holidays
Limit trade, cash settlement, and corporate action processing to occur only on business days
Setting up a business calendar is optional. If you do not set up a business calendar for an entity, fund processing that occurs on non-business days occurs with a non-business day accounting date. For example, accruals on Saturday occur with an accounting date of Saturday.
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