Overview (Defining a Business Day Calendar)


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Overview (Defining a Business Day Calendar)

The business day calendar defines business days and non-business days for billing purposes. For example, on non-business days, you do not pay or charge interest on invoices. Non-business days include weekends, Brazilian national holidays, and local municipal holidays.

Oracle Payables and Oracle Receivables use the business day calendar to flag exceptions to the billing period specified in incoming and outgoing invoices.

The setup procedures for creating a business day calendar are:

Create an exception template for national holidays

Create a standard workday calendar

Load the national holidays exception template into the standard workday calendar

Define local holidays for each city that you do business with

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