Time Rules

Date: 9 October 2019

Category: Product News

Every organization has its own accounting and operational periods which are often not straight-forward calendar units.  For example months starting on a Monday or years starting in April.  Quarter-year financial reporting is common, but the Romans did not include such a unit in our calendar.

Such periods are troublesome in many applications which offer only calendar years, calendar months and days.  Wise Eyes Time Rules enable reporting by any recurring time period.  We boast “any” as we have yet to experience a real-world operational period that Time Rules cannot handle.

Multiple Time Rules can be nested.  Years – Quarters – Months is a common nest.  For manufacturing organisations Years – Quarters – Months – Weeks is popular.  Extension of the 52nd week of the year is handled.

Any combination of Year, Month, Day of Week, Week, Day, Hour, Minute, Second and even Millisecond can used to define a Time Rule.  Definition includes duration and offset.

Time Rules are defined in the Library, so they are available to all reports.

For this and the many other time saving features see wiseeyes.com