Average Daily Balance
The Average Daily Balance (ADB) application is a module of the General Ledger application. The Average Daily Balance application provides a way to calculate average daily balances or cost of funds for any accounts.
ADB amounts are used to track balances for the current period, quarter-to-date, and year-to-date. You can also use daily financial statements to report the cost of funds on deposit or the yield for funds on loan.
Following are some major features of the Average Daily Balance application:
- You can quickly define all accounts as ADB accounts or choose specific accounts in an accounting unit.
- You can easily adjust the effective date and recalculate ADB information when you need to change the transaction cut-off.
- You can inquire on current and historical ADB amounts.
- You can consolidate reporting of account balances at the General Ledger company level for the period, quarter-to-date, and year-to-date.
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