Running Balance Period with Automatic Balance Aging
Use CaseSome organizations prefer running (floating) balance periods defined by a number of months rather than fixed dates.
Each monthly balance must be settled within a defined lifespan starting from its origin month.
Business Purpose
- Enforces timely overtime compensation
- Prevents indefinite balance carryover
- Aligns with regulatory requirements
System Behavior
- Each monthly balance is tracked with its origin month
- At each monthly closure:
- The system identifies balances reaching the end of the running period
- The oldest positive balance is automatically settled
