Once you create a business calendar, you can define non-business days for the calendar. Non-business days are holidays or any other day when normal business processing does not take place for a particular country. For example, January 1 is a non-business day for a U.S. business calendar. The New York Stock Exchange web site provides a list of U.S. holidays that you can reference when defining non-business days for a U.S. business date calendar. The Depository Trust Company (DTC) web site provides a list of U.S. holidays that you can reference when defining non-business days for a U.S. settlement date calendar.
Saturdays and Sundays are automatically defined as non-business days when you create business calendars.
To edit business calendar dates:
- In Accounting Center, in the left navigation pane, click Setup > Calendars > Business Calendars > Edit Business Calendar Dates.
You see the Edit Business Calendar Dates panel. - In the Calendar Name field, specify the calendar for which you are defining non-business days.
After you enter the calendar name, the Calendar Description field displays a description of the calendar. - In the Add/Update Calendar Dates section at the bottom of the panel, click the Calendar Date date selector, and enter the date of the non-business day using the calendar.
- In the Non-Business Day field, indicate whether the specified date is a non-business day.
Options include Yes (Default) and No. - In the Holiday Name field, enter a description for the non-business day.
You can describe the holiday or weekend date. Repeat Steps 4-6 for each non-business day you want to define.
NOTE: For countries where Saturdays are considered business days, add each Saturday as a business day by setting the Non-Business Day field to a value of No.- Click Submit.
Add Comment