Financial Accounting

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For posted journals in the ledger, this is the date and time of an Expense Report approval, Invoice Match on a Supplier Invoice, or the approval…

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This date is inherited from the Accounting Date from the Accounting Journal Header.

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This date is inherited from the date of the originating transaction header (eg: Invoice Date or Expense Report Date) or the Accounting Date from…

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Book Codes are subsections of the ledger where accounting results from original journal entries are stored. Book codes can be combined to form a book…
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Describes the nature of the transaction to support all financial and management reporting across the enterprise. Examples of Accounting Worktags…
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Revenues/expenses that are recorded when earned/incurred rather than when cash changes hands. Accruals will be recorded in the financial reporting…
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Ledgers store university transactions from journal entries used for managerial and external reporting. The ledger includes accounts for assets,…
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 A journal that has been completed, approved and posted to a ledger
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Accounting related to funds that represent obligations to pay.  In the context of purchasing, obligations represent encumbrances due to issued…
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The date of the transaction, we refer to this as “date incurred”.

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Actuals refer to transactions that are posted against the Actuals Ledger in Workday. They contain the information required to prepare the financial…
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Natural accounts where debits and credits are recorded in the general ledger. Ledger accounts will be summarized into hierarchies for financial…
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In Workday, the Accounting Date must align with the open fiscal period in which the journal posts. The accounting date is inherited from the…

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Accounting related to funds for future known or expected spending. In the context of purchasing, commitments represent issued requisitions.…
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Accounting journals are manual journals that may be used to move funds from one account to another in order to correct transactions posted to the…
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The journals that Workday creates automatically for operational transactions that are entered through the various Workday transaction tasks (e.g.,…
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