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Administrator Guide
Last Updated: 2026-05-15
Steps: Set Up Automatic Bank Account Reconciliation

Steps: Set Up Automatic Bank Account Reconciliation

Set up Workday to perform an automatic reconciliation for your bank accounts.
  1. Configure reconciliation options for the bank account. You can indicate either a basic automatic reconciliation, or an advanced automatic reconciliation that uses definitions, rules, and rule sets.
  2. (Optional) Set up bank statement worktag mappings.
    Bank statement lines contain type codes, addenda, or customer reference numbers that identify the transaction. You can associate these known values to specific worktags to use in reconciliation, matching, and first-notice rules.
  3. Set up ad hoc bank transactions and templates.
    During reconciliation, you can create ad hoc bank transactions for miscellaneous bank statement items or amount differences between statement line and transaction amounts. You can also define templates to use for automatic or manual reconciliations.
  4. (Optional) Access the
    Maintain Bank Reconciliation Reasons
     task.
    Enter purposes for bank reconciliation, matching, and first-notice reconciliation rules. When you create a rule, you can assign the reason to use the rule.
    Security:
    Set Up: Bank Reconciliation
     domain in the Banking and Settlement functional area.
  5. (Optional) Create matching rule sets to use for bank reconciliations.
    You can set up and create rule sets to match 1 or more bank reconciliation lines to 1 or more operational transactions using various matching methods.
  6. (Optional) Enable AI bank reconciliation.
  7. (Optional) Create rule sets to use for first-notice item reconciliations.
    Once you define your matching conditions, you can define the condition rules in first-notice item rule sets.
Reconcile your bank accounts. See Steps: Use Bank Account Reconciliation.