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Administrator Guide
Last Updated: 2024-01-12
Steps: Set Up Transaction Taxes

Steps: Set Up Transaction Taxes

  • Review setup considerations for transaction taxes.
  • Security:
    Set Up: Tax
     domain in the Common Financial Management functional area.
You can configure:
  • How Workday populates tax attributes on your transactions.
  • How Workday calculates transaction tax amounts.
  • The ledger accounts where Workday posts transaction taxes.
  8. (Optional) Access the
    Maintain Tax ID Grouping
     task.
    Create tax ID groupings for countries that require more than 1 tax ID on supplier or customer invoices.
  9. Set up transaction tax account posting rules.
  10. Configure how Workday populates tax attributes on expense reports.
  11. Configure how Workday populates tax attributes on revenue transactions.
  12. Configure how Workday populates tax attributes on spend transactions.
  14. (Optional) Map external tax codes to combinations of an internal tax code and a tax applicability.
For a list of tax-related reports, access the
Workday Standard Reports
 report and select the
Set Up Taxes
 report category.