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Administrator Guide
Last Updated: 2025-03-14
Concept: Currency in Accounting Journals

Concept: Currency in Accounting Journals

Workday provides multicurrency capabilities for accounting journals. Accounting journals enable you to record accounting data not associated with operational transactions manually. When you create accounting journals, you can:
  • Use the company currency only.
  • Use the company primary or alternate ledger currency, when you have alternate ledger currency configured.
  • Use foreign currencies for the journal lines.
You also have the same capabilities when you set up journal templates for use when creating accounting journals.
When you use the
Create Journal
 task to enter foreign currency accounting journals, Workday converts the journal lines to the company currency to create the ledger currency amount. You can override the exchange rate and ledger currency amounts, as necessary. If there are rounding differences in the ledger currency, adjust the ledger amounts.
For intercompany journals where the companies have different ledger currencies, you must have all journal lines in the same transaction currency. However, you can submit intercompany journals that contain multiple transaction currencies and multiple line companies with different ledger currencies when:
  • The journal line amounts self balance by company.
  • You have the
    No Intercompany Payable/Receivable Lines when Journals Self Balance by Company
     check box configured on the
    Edit Tenant Setup - Financials
     task.
For alternate ledger currency, you can't submit intercompany single ledger journals in alternate ledger currency.