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Administrator Guide
Last Updated: 2023-06-23
Create Fund Hierarchies

Create Fund Hierarchies

Security:
Set Up: Fund
 domain in the Common Financial Management functional area.
To enhance reporting, you can group related funds into hierarchies. You can use the fund hierarchy to:
  • Easily navigate between related awards.
  • Define which roles can see the fund information.
  • Generate reports on grouped funds.
  1. Access the
    Create Fund Hierarchy
     task.
  2. As you complete the task, consider:
    Option Description
    Fund Hierarchy ID
    If you don't enter an ID, Workday creates one when you save the fund hierarchy. Once you save or submit the fund hierarchy, the fund hierarchy ID becomes the reference ID for integration purposes. Only an administrator can change the fund hierarchy ID and reference ID.
    Include Fund Hierarchy ID in Name
    Select to add the fund hierarchy name to the fund hierarchy ID. If the fund hierarchy name is the same as the award name, Workday uses the fund hierarchy ID to create a unique fund hierarchy name.
    Superior Fund Hierarchy
    When you define a superior fund hierarchy, users with assigned roles can create and approve all of the child hierarchies and funds.
    Include Funds
    Select all funds that belong to the
    Superior Fund Hierarchy
    .
    A fund can belong to multiple fund hierarchies.
  3. (Optional) Assign additional roles to the fund hierarchy using the roles you created on the
    Maintain Assignable Roles
     task. Only workers with roles on the fund hierarchy can view related fund information.