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.
- Create the open items and pending payments to settle.
- (Optional) Preauthorize bank accounts.See Steps: Use Prenotes.
- Settle payments.
- (Optional) Upload payment acknowledgments.
- (Optional) Print Checks and Advices.