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Administrator Guide
Last Updated: 2024-03-22
Add Asset Books to Companies

Add Asset Books to Companies

  • Access the
    Maintain Asset Books
     task to create asset books.
  • Security:
    Set Up: Company Asset Books
     domain in the Business Asset Accounting functional area.
You can track assets in multiple asset books for each company:
Nonmultibook Asset Accounting
Multibook Asset Accounting
  • 1 accounting book.
  • Multiple nonaccounting books.
  • 1 primary accounting book.
  • Multiple nonprimary accounting books.
  • Multiple nonaccounting books.
  1. Access the
    Add Company Asset Book
     task.
  2. As you complete the task, consider:
    Option Description
    Ledger
    You can assign the same ledger to only 1 combination of accounting asset book and book code.
    To track assets in an alternate ledger currency, select an alternate ledger. See Setup Considerations: Alternate Ledger Currencies.
    Currency
    Workday populates the asset book currency from the ledger currency.
    Book Code
    Displays for accounting books when you enable multibook asset accounting.
    Workday uses book codes to track financial transactions posted for lifecycle events on assets.
    When you don't enable multibook asset accounting, Workday posts to the blank book code.
    When you enable multibook asset accounting, assign a unique book code to each combination of accounting asset book and ledger.
    Fiscal Schedule
    Workday populates the
    Fiscal Schedule
     with
    Standard Corporate Schedule
     for the primary accounting book.