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Administrator Guide
Last Updated: 2026-03-13
Reference: General Ledger Capabilities

Reference: General Ledger Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Accounting Adjustments

Supports adjustment of transaction lines to reclassify costs on:
  • Expense reports.
  • Procurement cards.
  • Supplier invoices.
  • Supplier invoice adjustments.

Allocations and Statistics

Supports the distribution of ledger or budget amounts. The functionality provides the ability to:
  • Allocate based on companies, ledger amounts, statistics, headcount definitions, or worktags.
  • Create operational journals.
  • Monitor status and results.
  • View financial impact before posting.

Alternate Ledger Currency

Provides the ability to:
  • Create a secondary actual ledger in an alternate currency.
  • Record operational journals and accounting journals in the secondary actuals ledger for supported transactions.

Average Daily Balance

Provides the ability to track daily activity and report on average daily balances across fiscal periods.

Cash Basis Accounting

Supports the generation of cash basis operational journals for eligible supplier and customer invoice documents.

Intercompany

Supports business events transacted between related companies. The functionality provides the ability to support:
  • Journals where only one side of the intercompany activity is recorded for a company.
  • Payment and receipt of intercompany balances.
  • Transactions to exchange supplier and customer invoices.
  • Transactions to track when companies assume or pay balances for related companies.

Journals

Provides the ability to:
  • Create and post manual and adjusting journal entries.
  • Create recurring journal templates.
  • Generate journals for operational transactions.
  • Import accounting journal data into Workday.

Lease Accounting

Provides the ability to:
  • Create alternate contracts with different accounting methods.
  • Create receipts and register business assets.
  • Generate expense recognition and supplier invoice schedules and installments.
  • Support accounting for short-term, financial, and operating lease-type supplier contracts.
  • Support change amendment types for worktag, contract extension, and non-consumer price index payment changes.

Multiple Funding Sources

Provides the ability to:
  • Create funding sources to use for specific purposes.
  • Allocate spend transactions to funding sources.

Tax Processing and Reporting

Supports calculating, recording, and reporting on tax-relevant data for submission to tax authorities in supported locations. The functionality provides the ability to:
  • Calculate transaction and withholding tax on operational transactions.
  • Configure rules to populate tax attributes on operational transactions.
  • Integrate with third-party tax services for the calculation of tax on customer and supplier invoices.
  • Record tax on manual and accounting center journals.
  • Support audit compliance reports for SAF-T Core, SAF-T Norway, FEC, and GoBD.
  • Support the generation of payment-based filings, including US 1099MISC and 1099NEC forms, France DAS2 reports, and global Third Party Payments (TPP) files.
  • Support the generation of tax declarations.
  • Support transaction tax ID validation for VIES and UK VAT.
  • Support VAT e-filing for the UK and Germany (ELSTER).
  • Reconcile transaction tax details from taxable transactions to tax ledger accounts at period close and at the time of tax declaration.

Tenant Setup and Work Tag Configuration

Provides the ability to create your financial accounting structure. The functionality supports the ability to:
  • Configure account posting rules.
  • Configure account sets and alternate account sets.
  • Configure books and book codes.
  • Define additional balancing dimensions by configuring primary and optional worktags.
  • Define the relationships between worktags.