Workday OCR: Transforming Accounts Payable Through Data Entry Automation
Workday OCR, split screens and email ingestion can improve efficiency for Accounts Payable teams and cut costs for all organizations. …
Solving the Asset Depreciation Forecast in Workday
Workday Financials, by default, does not provide forecasts for depreciation expenses beyond the fiscal years established in your tenant. However, utilizing calculated fields, you can generate an "Asset Depreciation Forecast" report that extends beyond the defined fiscal periods in your tenant. This versatile solution offers …
Ready or Not, Big Changes are Coming to Retained Earnings
Workday is changing the way that it calculates retained earnings, which will have a significant impact on Workday Financials customers and require updates to all balance sheet reports using the old method. …
Intelligent Customer Payment Matching Powered by Machine Learning
Workday now offers Intelligent Customer Payment Matching that leverages machine learning to assist with matching customer payments to open customer invoices and adjustments. …
Asset Pooling and Composite Assets
A pooled asset is a group of similar tangible items that you register as a single asset in Workday, which allows for the efficient tracking of multiple low value assets. …
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 …
Capital Projects
With Capital Projects, in one convenient location you can easily track spending on projects, such as building improvements, equipment installations, and software implementations, that you can then capitalize and depreciate over time or reclassify as an expense. …
Defining Operational Journals in Error & How We Help You Resolve Them
Do You Deal With Operational Journals in Error? Is your Workday tenant free of operational journals in error? Believe it or not, some Workday customers are not aware that there is a task that Workday provides to help identify these errors during your closing process. …
Workday® Financial Data Model Rebuild
Does your organization lack the reporting capabilities it desires due to early design decisions? Is your organization dissatisfied with the setup of your basic Financial Data Model elements such as account posting rules, ledger accounts, and spend categories? What if you could go back in …
Optimize Your Workday® Financial Same Store Reporting
Does your company need to report financial results using Same Store presentation? Are you struggling with how to configure Workday to present different Same Store views efficiently? This article describes some of the challenges and solutions to the Same Store requirement. Same Store Reporting Overview …
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