Calculated Adjustments

An adjustment can calculate the adjustment amount using an algorithm. A calculated adjustment can be used to calculate:

• Sales or other taxes for a base amount
• Any charge amount based on a user-supplied quantity, such as feet, miles, hours, etc.
• Others.... Any calculation that can be made by a rate can be applied to an adjustment.

When you create a calculated adjustment, you may be asked to supply a base amount. The user may supply the base amount or the amount could be defaulted from the adjustment type and possibly overridden by the user prior to calculating the adjustment amount.

When the adjustment is generated, the calculation algorithm may use the base amount and calculation date. The base package algorithm calls the rate application and returns the calculated amount with calculation lines and GL distribution codes.

An adjustment's adjustment type controls whether the adjustment is calculated and the algorithm that performs the calculation.