2024R1: Key Insights You Can’t Afford to Miss
Workday 2024R1 is here! As organizations strive to adapt to an ever-evolving business landscape, Workday continues to lead the charge with cutting-edge solutions designed to enhance efficiency, elevate user experience, and drive organizational success. This post summarizes our Product Leads’ favorite new features. Make note …
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. …
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. …
Restructuring in Workday® Adaptive Planning
Has your organization recently gone through or are considering going through restructuring changes? Have you considered the impact this might have in your Adaptive Insights environment? Many consultants would tell you to go through a re-implementation in Adaptive Insights once your restructuring has been finished …
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 …