Concept: Company Currency
A
company currency
is the base currency that each company within your Workday tenant
uses to generate and perform its accounting. It’s also known as the ledger currency.Example: You have companies in the U.S., Germany, and Canada, each with
their own currency.
Since you can use multiple currencies for financial transactions in Workday,
the company currency is essential to bookkeeping. To set the currency for a company, use
the
Create Company
task. Once you create a journal or have accounting activity in the company, you can't change the
company currency. This ensures a single currency for accounting.