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Administrator Guide
Last Updated: 2023-06-23
Steps: Use Settlement

Steps: Use Settlement

Define the elements necessary to settle payments, such as payment types and bank accounts.
The single settlement engine in Workday enables you to manage all incoming and outgoing payments in 1 place across your entire business. This unified infrastructure:
  • Controls the financial inflows and outflows of your enterprise.
  • Gives you the analytic data you need to make informed decisions.
  1. Create the open items and pending payments to settle.
  2. (Optional) Preauthorize bank accounts.
  3. (Optional) Upload payment acknowledgments.