Concept: Post Work in Progress to Company Asset Book Codes
When enabled in your tenant, Workday posts Work in Progress (WIP) capital project transactions
to multiple book codes for company assets. In the
Edit Tenant Setup -
Financials
task, Business Assets Options
section,
select these check boxes:- Enable Multibook Asset Accounting.
- Post Work in Progress to Company Asset Book Codes.
The common book retains the spend transaction, and WIP reclassification entry posts. These
entries for book codes for company assets are:
- Cost reclassifications for capital projects (transactions reclassified to expense).
- Expense reports.
- Labor cost reclassifications for capital projects.
- Supplier invoices.