Reference: Netting Rules
You can configure netting rules to define which customer invoices and supplier invoices can net against each other. For single currency netting, you can maintain rules between customers and suppliers for 1 or more companies or a company hierarchy. Workday identifies the invoices to net using the criteria in the netting rule and invoice eligibility rule.
For direct intercompany netting, see Set Up Direct Intercompany Netting Rules.
Option | Description |
|---|---|
Rule Name
| Enter a unique name for each netting rule. |
Company
| Any company or company within the hierarchy that you specify on the netting rule can initiate a netting transaction using that rule. |
Customer
| You can't select companies that operate as customers or suppliers on netting rules.
You can select customers and sponsors. |
Supplier
| You can't select supplier invoices from suppliers with 1099 MISC reporting. |
Balancing Fund
| This field displays for tenants with worktag balancing enabled. Select the worktag used to calculate interworktag balancing entries when netting customer invoices and supplier invoices that have different balancing worktags. |
Optional Balancing Worktags
| This field displays for tenants with optional worktag balancing enabled. Select the Optional Balancing Worktag to generate due to and due from entries to balance the netting transaction. |
In Use
| Once a netting rule is In Use , you can mark it inactive, but can't delete it. |
Inactive
| Select to block the netting rule for future netting transaction. |