Create Cash Basis Accounting

Set up cash basis accounting.

Have supplier invoices and customer invoices in Approved
status and their payments accounting in Posted
status.

You can:

Create cash basis accounting to recognize revenue and expenses for paid customer and supplier invoices.

Schedule cash basis accounting generation to occur at a specific frequency.

(Optional) Access the

Create Cash Basis Accounting

task.

Configure the Cash Basis Accounting Event
business process and security policy in the Financial Accounting functional area.

As you complete the task, consider:

Option	Description
Period	Select a period to determine which transactions to create cash basis accounting for. Workday posts the operational journal for the cash basis accounting to the last date of the period that you select.
Do Not Display Cash Basis Accounting Preview	Select to remove the preview grid that you can use to review the included documents for each supplier or customer.

Access the

Schedule Cash Basis Accounting

task to determine how frequently Workday generates the cash basis accounting.

Workday recommends using this task instead of the

Create Cash Basis Accounting

task for improved performance.

Security: The Process: Cash Basis Accounting
domain in the Financial Accounting functional area.

Workday:

Creates a cash basis accounting result, a grouping of cash basis transactions by supplier or customer.

Generates a cash basis journal in the cash basis book code for each grouping.

Posts the accounting for approved customer and supplier invoices and down-stream accounting to the accrual book code.

For the cash basis accounting result:

Drill into the transactions to see all the associated documents for the supplier or customer.