Asset Pooling and Composite Assets
Do you have an excess of similar, low value assets causing your asset count to be unreasonably high and difficult to manage? Well, there is no need for all those assets when you can group them together into one asset using Asset Pooling Rules. A …
A Lesser-Known Workday Banking Feature You’ll Wish You Knew Sooner
Solution: Bank Account Transfers for Settlement in Workday I was inspired to write this post after realizing that many of our clients who went live with Workday prior to WD29 have no idea this enhanced bank account transfer feature exists. It solves a customer pain …
Ready or Not, Big Changes are Coming to Retained Earnings
Workday is changing the way that it calculates retained earnings, which will have a major impact on balance sheet reporting for nearly all organizations using Workday Financials. Under the previous architecture, Workday maintained a separate ledger for all transactions that affect retained earnings – and …
What We Forget When a Worker Leaves an Organization
Minimizing System Disruption When a Worker Leaves an Organization When an employee or contingent worker leaves an organization, there are many offboarding activities that occur. An organization’s focus is generally removing the user’s security or system access, but what about downstream impacts to tasks and …
Automatically Manage Business Processes for a Worker
One of the hardest parts about maintaining an HR system is ensuring data integrity. Keeping your HR system accurate, complete, and compliant can turn into a full time job. It has become essential for organizations to implement automated systems and processes that can help reduce …
Customizing Your Payslip – Summarizing Earnings
Workday delivered payslips are pretty helpful because it allows for many configuration choices that can be used directly in the tenant in the Workday payroll. Most of the time, these are all that are needed for employers without a lot of hourly pay components and …
Capital Projects
Are you in the midst of any construction projects, building improvements, software implementations, or equipment installations? Are you tediously using manual entries to move these related expenses out of your WIP account when an asset is ready to be placed in service? If so, there …
Kognitiv turns 100 – a success story of a great delivery model and passion for Workday®
A success story of a great delivery model and passion for Workday® This week marks a major milestone for Kognitiv. We have crossed the 100 active employee level five years after inception. All of our growth has been fueled by re-investment of our company profits …
2020: The Pandemic, the Chaos, and the Impact on our Interactions
There’s no other way to put it, 2020 has brought about unprecedented times, circumstances, and hardships. We’re missing our families, our friends, and human interaction on levels we’ve previously taken for granted. The COVID-19 pandemic has impacted how we learn, how we work, how we …
The Reality of the CA Pay Data: What You Should Know and How Workday Can Help
SB-973 sounds like one of those submarine movies that Hollywood produces to inspire a unifying sense of claustrophobia and renew our collective fear of drowning. In reality, SB-973 is a new California law requiring pay reporting by gender and ethnicity, to renew our fears of …