Concept: Payroll and Fringe Benefit Liquidations
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 Calculationchanges journals and journal entry lines to the status ofCreated.Run Pay Completechanges journals and journal entry lines to a status ofPosted.You can see liquidation results by clickingViewon thePayroll Commitment Summaryreport on thePayroll Commitment Detailstab.
- 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 Completerolls back the journal entry line statuses for fringe benefits toCreated.