Organizations in Workday Finance One of the first things I teach when I work with Workday Finance is how the system creates and identifies companies. In Workday Finance, every firm, cost center, contact center, or custom organization follows a fairly organized...

Creating a Supplier in Workday Finance In Workday Finance, establishing a supplier is easier than you may assume. I enter via Teresa with a start proxy, and instantly, I can see a case filed by Jacqueline. Since this is an actionable item, I click on it straight from...

Security Basics with Workday Finance Workday Finance security determines what you can view, configure, and do when you work directly with the system. Practice is always advised, particularly while studying Workday Finance. For this reason, I made sure you finished the...

Workday Finance Training My first step in Workday Finance is to open the relevant activities, go to roles, and make sure the appropriate responsibilities are already allocated. Because of current regulations, several fields are pre-filled, and that's okay. I don't...

Optimized Sources in Workday Finance R2R In Workday Finance R2R, I immediately discovered the distinction between optimized and non-optimized data sources. I first kept clicking the little "Optimize for Performance" box in the hopes that it would suddenly make things...

Understanding of Workday Finance R2R We often deal with setups in Workday Finance R2R where one business, depending on the transaction, serves as both a supplier and a client. I've seen this several times during client deployments, and a step-by-step walkthrough...

Building a Company Hierarchy in Workday Finance R2R When I create a company hierarchy in Workday Finance R2R, I start with the organization structure. I set up a root organization, give it a simple code, and then move on to defining the company hierarchy itself. I...

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...