Balances in HCM are amounts or hours that are aggregated based on Month, Quarter or Year. Balance Group and Balance Group Usages for the specific Balances can be created from the Payroll Calculation work area in the Oracle Fusion HCM environment.
Oracle HCM Fusion provides us the option of using either Pre-defined balance groups or User-defined custom balance groups for our reports.
Pre-defined Balance groups in HCM contain information about all the earnings and deductions but if we would like to see only the amounts or hours of a list of earnings.
User-defined custom balance group can be created with the list of earnings that we require and use it in our custom extract to view only the values for those earnings.
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