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Administrator Guide
Last Updated: 2024-09-20
Steps: Enter Translated Beginning Balances for Financial Reporting in AP&C

Steps: Enter Translated Beginning Balances for Financial Reporting in AP&C

You can make a one-time change to translated beginning balances in Adaptive Planning and Consolidation (AP&C) when you've enabled your alternate chart of accounts after you went live on Workday.
If you run roll forward after making a change to beginning balances, Workday overwrites your changes. Only make one-time changes when absolutely necessary.
  1. Run a year-end Balance Sheet report that displays prior year-end balances translated from company currency to the translation currency.
    You can use these amounts to establish your translated beginning balances.
  2. Create beginning balance journals for the fiscal year of the company.
  3. Change translated beginning balance amounts.
    When you roll forward, you have the option of producing translated beginning balances. If the translated beginning balance amounts are inaccurate, you can change the amounts.