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Administrator Guide
Last Updated: 2023-06-23
Steps: Define Normalized Bank Balances

Steps: Define Normalized Bank Balances

Workday enables you to create normalized groupings of opening, closing, float, and other balances across all of your bank statement file formats. You can standardize the bank balances by type code to simplify cash position and cash forecast reporting.
  1. Access the
    Maintain Normalized Balances
     task.
    Workday automatically populates normalized balance names and assigns them to normalized balance types. You can modify the default names or create new ones for reporting purposes.
    Workday provides these normalized balances and their corresponding types:
    • Opening Ledger
      :
      Opening
    • Opening Available
      :
      Opening
    • Closing Ledger
      :
      Closing
    • Closing Available
      :
      Closing
    • Float
      :
      Float
    You can inactivate any normalized balances that you don't use, and that aren't mapped in a normalized balance set.
    Security:
    Set Up: Cash Forecasting
     domain in the Cash Management functional area.
When you upload bank statements, Workday derives the normalized balances based on the mapping set.
To include the normalized balances in cash position and cash forecast reports, either:
  • Add the
    Normalized Balance
     report field available on the
    Bank Statement Balance (All)
     business object to a custom cash position report.
  • Select normalized balances when defining a cash forecast outline. Workday displays the normalized balances as actuals in the
    Cash Forecast to Actuals in Reporting Currency
     report.