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Administrator Guide
上次更新時間 ：2023-06-23
Concept: Currency Conversion

Concept: Currency Conversion

Workday Payroll converts currency after net pay validation. When you set pay groups and company accounting to different currencies, Workday calculates payroll in the pay group currency and passes the results to accounting in both currencies. The results are then available for reporting.
Workday doesn't convert currency for:
  • Arrears.
  • Commitments.
  • Fringe benefit actuals.
  • Obligations.
  • Pay balances.
  • Payroll intercompany accounting.
Currency revaluations can lead to unrealized exchange gains or losses when you produce financial statements for ledger accounts with transactions in foreign currencies. Review the
Foreign Currency Revaluation
 report for any currency valuation changes.

Setup

Workday handles conversion once you set up:
  • The currency for a new company using the
    Create Company
     task.
  • The pay groups using the
    Create Pay Group
     task.
To switch a foreign pay group from company currency to their local currency, you can:
  • Create a new pay group using the
    Create Pay Group
     task.
  • Select the country of the foreign pay group.

Payroll Results

  • During pay calculation, Workday uses the default currency rate type as of the pay period end date for currency conversions.
  • From a worker's
    Payroll Result
    View
    , you can:
    • Click the
      Actuals
       tab to view journals lines for each ledger account.
    • Click the
      Payment
       tab to view if there are different currencies for payments and pay groups for each payroll payment.
  • By default, payslips display the currency elected by the worker.

Maintenance

For managing currency rate types and currency conversion rates, use:
  • The
    Maintain Currency Rate Types
     task to set a default and manage currency rate types.
  • The
    Edit Company Accounting Details
     task to override the default currency rate type by company.
  • The
    Maintain Currency Conversion Rates
     task to manage currency conversion rates.