Understanding Period Close in Workday Finance R2R In many companies, the period close BP called the Period Close Event is either fully adopted or completely ignored. In my Workday Finance R2R sessions, I show how this BP helps you track every activity from initiation...

Workday Finance R2R's Cost Movement Rules I prefer to start by explaining how cost movements really operate when I deal with groups who are studying Workday Finance R2R. Choosing the ledger accounts where numbers should go and creating book codes are common tasks....

Workday Finance R2R Tax Authority Setup In Workday Finance R2R, a tax authority is simply the entity you pay your taxes to like the Income Tax Department in India or the IRS in the US. Every country names it differently, but in Workday Finance R2R the process remains...

Workday Finance R2R Journal I want you to see firsthand how these journal behaviours manifest in real time as I guide you through Workday Finance R2R. I often see how Workday Finance R2R manages commencement without requesting authorisation as I go through the...

Why Currency Assignment Behaves Differently in Workday Finance R2R In Workday Finance R2R none of the account sets define currency directly. Currency exists only at the posting level. Even the alternate ledger account structure doesn’t store a currency field. Many...

Workday Finance R2R Reporting Basics When you search for custom reports, Workday makes it easy just type “all custom reports” and you will see every available one. Even when a report name doesn’t appear immediately, like our trial balance example, Workday Finance R2R...

Workday Finance R2R Balance Sheets Workday provides many delivered versions consolidated, non-consolidated, and default as soon as you put balance sheet into the search field. Because it aggregates the outcomes of all subsidiary businesses, I prefer to utilize the...

Overview of Workday Finance R2R Accounting Configurations The business setup is one of the first things I go over with you in Workday Finance R2R. Since the fiscal timetable determines how Workday Finance R2R understands financial years and reporting periods, we begin...

Overview of Workday Finance R2R Period Close The majority of businesses in Workday Finance R2R employ a Period Close Event business process, although others continue to handle it offline using manual checks and emails. Both strategies are effective, but Workday...

Workday Finance R2R's Company Setup To help you understand how Workday Finance R2R connects everything, I first walk you through the main firm and do transactions there before moving on to the Indian organisation. You need a program set, structure, and account set for...