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Administrator Guide
Last Updated: 2024-02-09
Create Settlement Setup Rules

Create Settlement Setup Rules

Security:
Set Up: Bank Entity
 domain in the Banking and Settlement functional area.
You can use settlement setup rules to configure options by payment type and other dimensions that Workday uses during settlement. You can specify the integration system or outsourced provider Workday uses to route payments.
  1. Access the
    Create Settlement Setup Rule
     task.
  2. As you complete the task, consider:
    Option Description
    Bank Account
    You can select 1 or more bank accounts for the rule.
    If you select multiple bank accounts:
    • Any changes that you make impact every bank account associated with the rule.
    • The settlement setup rule must also contain those banks in order to appear on the
      Settlement Setup Rule
       report.
    Integration System
    For bank accounts with electronic fund transfer (EFT) payments, you can specify 1 or more integration systems to route differently based on:
    • Payment Type
    • Payment Category
    • Country
    Check Print Layout
    If you're using an outsourced bank provider, leave this field blank.
    Consolidate By
    (Optional)  , such as payment type, payment category, or currency.
    Example: You consolidate
    EFT
     payments by currency. Workday groups the payments into a single payment message (payment file) for delivery to your bank.
    This option enables you to reduce bank fees and administration costs associated with processing payment files.
    Maximum Payments Per Group
    Specify the maximum number of payments to include in a single payment group from this account. If a file exceeds this number, Workday automatically separates the payments into multiple groups.
    Cut Off Time
    (Optional) Indicate the cut-off time for including payments from this account in an electronic payment file.
    This field is informational only.
    Receives Acknowledgment
    Select if you want to track payments as pending until you receive an acknowledgment from your bank.
Create or schedule a settlement run that includes a settlement integration rule.