Concept: Payroll and Fringe Benefit Liquidations (CAN, USA)

Every time you run a regular pay calculation, Workday calculates and automatically liquidates payroll commitments and fringe benefits.

They’re liquidated for the current period and pay group you’re processing plus any prior periods not yet liquidated for the pay group. The amount liquidated is the amount originally committed for the pay period.

When you run the

Create Payroll Commitment Adjustments

task, Workday automatically liquidates any backdated transactions that missed liquidation in prior processes.

When you enter an

Accounting Date Override

value for a pay period on the

Edit Period Schedule

task and then

Run Pay Calculation

, Workday uses the accounting override date for that pay period on all liquidation journals for commitments, obligations, and related fringes.

When you also configure a

Fiscal Year Proration

value on the

Edit Company Payroll Commitment Options

task, Workday uses the accounting override date on the liquidation journals for the first subperiod of the fiscal year.

You can view and cancel liquidations:

View Liquidation Results: Run Pay Calculation
changes journals and journal entry lines to the status of Created
.
Run Pay Complete
changes journals and journal entry lines to a status of Posted
.

You can see liquidation results by clicking
View
on the
Payroll Commitment Summary
report on the
Payroll Commitment Details
tab.
Cancel Liquidations: Run Pay Cancel
:

Removes the liquidated date-time stamp for all payroll commitment data.
Deletes the journal line entries related to fringe benefit liquidations.

Cancel Pay Complete
rolls back the journal entry line statuses for fringe benefits to Created.