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Administrator Guide
Last Updated: 2023-09-22
Steps: Reconcile Cash Operational Transactions to Ledger

Steps: Reconcile Cash Operational Transactions to Ledger

You can reconcile cash operational transactions to your cash ledger accounts.
  1. Create initial cash balances as a starting point for your reconciliation.
  2. Change the status of ledger period to
    Closed
    . The process creates beginning balances for the next period. Create beginning balances before you run the reconciliation reports. If you don't, the reconciliation reports will display only activity.
    If you don't change the status of ledger periods, you must access the
    Generate Period Beginning Balances for Reconciliation Activities
     task to generate beginning balances. You can use this task to create beginning balances only if initial balances exist.
  3. Run the Reconciliation Reports.
    Access the
    Cash to Bank Reconciliation Composite
     report to confirm that cash operational transactions reconcile to the ledger account.
    The
    Cash to Bank Reconciliation Composite
    report only reconciles cash balances in Ledger currency. If you want to reconcile cash transactions in Bank Account currency, Workday recommends that you use the existing
    Cash to Bank Account Balances Reconciliation
     report.
    Access the
    Find Cash to Bank Reconciliation Activities
     report to view details of cash operational transactions for a specific period. You can run this report using any selected time period, but it defaults to the current period.