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Administrator Guide
Last Updated: 2026-05-15
Steps: Use Bank Account Reconciliation

Steps: Use Bank Account Reconciliation

Use the bank reconciliation process to reconcile your bank statements with your account transactions.
  1. Record bank statement information in Workday.
    You can either:
  2. Create ad hoc bank transactions to reconcile with miscellaneous entries on bank statements.
  3. (Optional) Access the
    Exclude Transactions from Reconciliation Process
     task.
    To streamline reconciliations for a bank account, you can exclude historically unreconciled items by date from the reconciliation process. The unreconciled items also don't display in any bank reconciliation and book-to-bank reports.
    Workday changes the status of these items to
    Reconciled
    . If you find transactions marked in error, you can revert them back to
    Unreconciled
    .
    Security:
    Process: Bank Reconciliation
     domain in the Banking and Settlement functional area.
  5. (Optional) Access the
    Schedule Auto Reconciliation
     task.
    Set up Workday to automatically reconcile 1 or more bank statements on a predefined schedule. When the scheduler runs, it includes all bank statements created in the
    Last x Day(s)
     before the current date.
    Security: These domains in the Banking and Settlement functional area:
    • Process: Bank Reconciliation
    • Process: Matching Rule Set
  7. (Optional) Access the
    Schedule First Notice Reconciliation
     task.
    Set up Workday to automatically reconcile first-notice items for 1 or more bank statements on a predefined schedule. When the scheduler runs, it includes all bank statements created in the
    Last x Day(s)
     before the current date.
    Security:
    Process: Bank Reconciliation
     domain in the Banking and Settlement functional area.
  9. Find and edit unreconciled lines and exceptions on your bank statements to complete the reconciliation process.
Access the
View Reconciliation Metrics
 report from the related action on an automatically reconciled bank statement to see how the rules are performing. For each rule, you can compare the number of bank statement lines and reconcilable items accessed with the actual reconciliation matches found with that rule. This information can help you to optimize the rules for improving automatic reconciliation performance.