Steps: Manage Cash Positioning
You can use cash position reports to determine your daily cash position based on bank account
balances and external cash flows. You can compare current day cash position with pending
liabilities to make more informed decisions on bank account transfers and bank account
balances. Example: Based on your current cash position, you decide to:
- Invest surplus funds in short-term and long-term investments.
- Transfer funds between accounts to avoid potential overdrafts.
- Record prior day and intraday bank statement information in Workday.You can:
- Configure a bank statement integration to upload bank statement files in bulk.
- (Optional) Configure cash activity categories.Map cash activity worktags to bank statement type codes to group your cash receipts and payments by logical category on cash position reports.
- Record cash activities from external sources to include in your intraday cash positions.
- (Optional) Configure normalized bank balances.Map bank statement balance type codes to normalized balances to standardize the bank balances from different statement file formats on cash position reports.
- Generate prior day or intraday cash position reports.