Concept: How Transactions Get Balancing Worktags
After you enable required worktag balancing, transactions that generate accounting must balance by worktag.
This table lists the balancing option Workday uses to determine the balancing worktag for the offset journal line of applicable transactions:
Always Inherits from Predecessor Transaction | Always Inherits from Transaction | Determined by Balancing Rules and Rule Set | Balancing Worktag Specified in Transaction |
|---|---|---|---|
Assign asset accounting | Depreciation | Ad hoc bank transaction | Allocation
You can specify the balancing worktag in the transaction header. Workday automatically creates due to and due from entries for the other balancing worktag values in the journal. Alternatively, you can manually create journal entries to balance the journal by balancing worktag. |
Customer payment deposit | Fringe benefit commitment | Ad hoc payment | Allocation pool
You can specify the balancing worktag on the allocation plan and allocation pool. Workday balances journal entries using the worktags on the source allocation pool. When you don't enter worktags on the source allocation pool, Workday uses the worktags from the allocation plan. Workday automatically creates due to and due from entries for the other balancing worktag values on the journal. |
Customer refund | Fringe benefit commitment liquidation | Customer cash sale | Asset disposal |
Expense credit card payment | Fringe benefit obligation | Customer invoice | Asset transfer |
Expense payment | Fringe benefit obligation liquidation | Customer invoice adjustment | Asset reclassification |
Intercompany payment | Grants transactions | Customer invoice writeoff | Bank account transfer |
Intercompany receipt | Payroll commitment | Expense report | Journal entries
You can specify the balancing worktag in the transaction header. Workday automatically creates due to and due from entries for the other balancing worktag values in the journal. Alternatively, you can manually create journal entries to balance the journal by balancing worktag. |
Payment return | Payroll commitment liquidation | Fringe benefit | Procurement card transaction verifications
You specify the balancing worktag in the Create Corporate Credit Card Billing Account task. |
Payroll payment | Payroll accrual | Payroll result | Roll forward year-end balances |
Prenote payment | Payroll forward accrual | Supplier invoice | |
Prepaid spend amortization | Payroll obligation | Supplier invoice adjustment | |
Procurement card load | Payroll obligation liquidation | ||
Supplier invoice payment | Purchase order | ||
Receipt accrual | |||
Requisition | |||
Revenue recognition | |||
Reverse depreciation | |||
Supplier contract |