Concept: Payroll Third-Party Payments Accounting
Workday generates payroll third-party payment journals after you process payroll third-party payments during a settlement run. Workday displays the journal on the
Payroll Third-Party Payment
tab on a worker's payroll result.Workday creates a singular journal or an aggregated journal based on how you configure the
Always Separate Payments
check box on the deduction recipient:
- When selected, Workday creates a singular journal that includes the payment to the deduction recipient for a worker.
- When cleared, Workday creates an aggregated journal that includes all associated payments for that deduction recipient in 1 journal and 1 payment.
You can find deduction recipient as a dimension on both the Payroll Deduction account posting rule and the Journal Summarization configuration.
Supported Functionality
When configured, the payroll third-party payments journals supports these accounting functions:
- Cancel Payments
- Escheatment
- Intercompany Accounting
- Journal Summarization
- Operational Journal Reversals
- Return Payments
- Worktag Balancing
You can filter the
Find Journals
and Find Journal Lines
reports for payroll third-party payments by using the Journal Source filter and selecting Payroll Third-Party Payments
.You can close the ledger period for payroll third-party payments when a journal posts. You can't close the ledger period if the payroll result status is In Progress.
You can use the
Fix Operational Journal with Errors
task on payroll third-party payments journals, if necessary.