Type and Number of Months in the Balance Period fields control how long balances are evaluated before they are settled or carried forward.

Fixed settlement period

Useful when working time balances should be evaluated within a predefined settlement cycle.

Details

• Type: Fixed

Rolling balance period

Useful when balances should remain active for a defined rolling period instead of being tied to a fixed calendar cycle.

Details

• Type: Running
• Number of Months in the Balance Period: 3

Longer balance carryover

Useful when company or legal rules allow balances to remain active for a longer period before settlement.

Details

• Type: Running
• Number of Months in the Balance Period: 5