Calendar Policy

The Calendar Policy page defines working-day schedules — which days of the week are business days and which are rest days.

Navigation: Administration → Financial Setup → Calendar Policy

What Is a Calendar Policy?

A calendar policy defines the standard working-week pattern for your organisation. It determines:

• Which days are business days (transactions can be processed)
• Which days are non-business days (weekends, rest days)
• How the system calculates due dates, grace periods, and interest accrual days

Creating a Calendar Policy

1. Click Create Calendar Policy
2. Fill in the form:

Field	Description	Required
Policy Name	A descriptive name (e.g., "Standard 5-Day Week")	Yes
Business Unit	Which BU this policy applies to	Yes
Business Days	Select the working days (Mon–Sun)	Yes

3. Submit the form

Common Patterns

Pattern	Business Days	Weekend
Standard 5-day	Monday – Friday	Saturday, Sunday
6-day week	Monday – Saturday	Sunday
Islamic week	Sunday – Thursday	Friday, Saturday

TIP

Calendar policies work together with holidays — a holiday overrides a business day from the calendar policy for that specific date.

How Calendar Policies Affect Operations

• EOD Processing — End-of-day runs only on business days
• Interest Accrual — Some interest models accrue only on business days
• Due Date Calculation — Loan repayment due dates can be adjusted to the next business day
• Transaction Processing — Certain transaction types are restricted to business days

Next Steps

• Fiscal Calendar — Set up your fiscal year calendar