Each ledger with average balance processing enabled, must be assigned a transaction calendar, which is used to control transaction posting in Oracle General Ledger and Oracle Subledger Accounting. 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.

Transaction calendars ensure that journals created in Oracle General Ledger and Oracle Subledger Accounting, if used, are only posted on valid business days.

Securing Transaction Calendars

You can secure your transaction calendar definition using definition access sets. Definition access sets are an optional security feature that enables you to control use, view, and modify access to your General Ledger definitions.

For transaction calendars, only View and Modify access are applicable.

View Access: Allows specific users to view the Transaction Calendar definition from the Transaction Calendar window. Users will not be able to assign the calendar to ledgers or make changes to the business days of the Transaction Calendar.

Modify Access: Allows specific users to view and make changes to the Transaction Calendar from the Transaction Calendar window.

To define a transaction calendar:

1. Navigate to the Transaction Calendar window.

2. Enter a Name and Description for the transaction calendar.

3. Optionally, choose Defaults to change the Business Day defaults.

4. (Optional) Select the Enable Security check box to secure the Transaction Calendar definition to prevent some users from viewing or making changes to the calendar.

   If you do not enable security, all users who have access to this Transaction Calendar definition will be able to view and modify it. See Securing Calendars.

   If the Assign Access function is available for your responsibility, the Assign Access button is enabled once you check the Enable Security check box. Choose the Assign Access button to assign the definition to one or more Definition Access Sets with the desired privileges. See Definition Access Sets.

   If the Assign Access function has been excluded from your responsibility, you will not be able to view the Assign Access button in the Transaction Calendar window. You can still secure the Transaction Calendar by checking the Enable Security check box, but only Definition Access Sets that are AutoAssigned will be automatically assigned to this calendar. See your System Administrator for more information on function security.

5. Save your work.

   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.

To maintain a transaction calendar:

1. Navigate to the Transaction Calendar window.

2. Query the transaction calendar you want to maintain.

   General Ledger will display the requested transaction calendar. Note that valid business days have a checkmark in the corresponding Business Day check box.

3. Query the specific date, or range of dates, that you want to maintain.

4. 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.

5. Save your work.