The financial calendar stores the dates on which payment processing cannot occur for particular delivery methods. These dates are called 'payment exclusion' dates.

Curam provides separate financial calendars for:

• check payments;
• EFT payments;
• cash payments;
• voucher payments; and
• invoice billings.

On these financial calendars, you can record on which days the organization will not make payments using a particular payment method.

Example

December 25th is a public holiday. On this date cash payments cannot be made as the organization's offices are not open. Therefore December 25th is marked as a payment exclusion date on the financial calendar for the delivery method of cash.

However an EFT (electronic funds transfer) payment can be processed on a public holiday as bank processing systems operate 365 days a year.