Create Ledger Account Types in AP&C

Administrator Guide

Security: Set Up: Accounts
domain in the Common Financial Management functional area. See Steps: Set Up Security Permissions.

You can configure the types of ledger accounts to use on balance sheets and income statements in Adaptive Planning and Consolidation (AP&C). Account types enable you to group similar accounts within your account sets. After you create a balance sheet or income statement for a company, you can select accounts from the types you create. Example: For balance sheets, you can define assets and liabilities and for income statements, you can define income and expenses.

Access the

Maintain Ledger Account Types

task.

As you complete the task, consider:

Option	Description
Account Type Name	At a minimum, define assets, liabilities, and equity for balance sheets, and income versus expense for income statements. Or you can define these basic components to be as granular as you want, such as short term versus long term. Workday delivers standard default account types.
Normal Debit Balance	Select when accounts are normally debits and you want to display them in the debit column. Clear to display in the credit column.