Maintaining Cash Balance Accounts
The cash balance accounts function keeps track of a growing account, much like a bank account.
The bank updates your balances every time you make a deposit or earn interest. So it is with cash balance accounts, except that cash balance accounts credits, a percentage of an employee's earnings, occur on a predictably repeating cycle—the same monthly or yearly cycle as the consolidated earnings that provide the earnings data.
To run cash balance accounts as a periodic process, select
The Batch Periodic Process page includes options to process cash balances. To maintain your account balances, you need to update your cash balance accounts immediately after updating the supporting consolidation.When you run periodic processing, the system stores the results in a permanent cash balance account history. When you then run a calculation, the system uses that permanent history and only calculates accruals from that point forward.