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EncartaLabs

Workday Accounts and Finance

( Duration: 5 Days )

This Workday Accounts and Finance training course is designed to help you learn the necessary fundamentals to begin your Workday Financials implementation. In this course, you will learn to execute the major financial events (transactions), perform administrative activities, and perform setup of the core system functionality.

By attending Workday Accounts and Finance workshop, delegates will learn:

  • Financial Navigation and Core Concepts
  • Organizations and Worktags, Journal Entries and Business Assets - Depreciation
  • Workday Standard Reports, Custom Reports, and Financial and Manager Metric Reports
  • Setup custom worktags, new company, financial accounting for a company, cost centers and cost center hierarchies
  • Create a custom organization and Configure a Role Based Security group
  • Maintain a Business Process, Create manual/accounting journals online and via EIB using web services
  • Understand how to configure Account Posting Rules and Create a supplier and enter supplier invoices
  • Setup a new bank account and run a settlement
  • Create a customer and enter customer invoices and Complete receipt of customer payments
  • Use Workday to process a period close event and Create a report using Workday Report Writer

COURSE AGENDA

1

Core Concepts and Navigation

  • Describe Workday core concepts
  • Log in to a Workday tenant
2

Organizations and Worktags

  • Create a company and attach it to an existing company hierarchy via a reorganization
  • Create new cost centers and include them in a newly created cost center hierarchy
3

Financial Accounting Setup

  • Identify the required security groups for financial accounting setup
  • Configure the mandatory company accounting details
  • Apply the concept of the recommended approach to account set setup
  • Create an Actuals ledger for your new company
  • Create the Ledger and Fiscal year and period
  • Maintain ledger period status
4

Accounting Journals and Account Posting Rules

  • Identify the required security groups for accounting journal creation
  • Describe how each journal type posts to the journal
  • Create a journal and reversal journal
  • Create an EIB and populate the template
  • Explain the difference between default ledger accounts and determining accounts based on account posting condition rules
  • Explain how Account Posting Rules dynamically determine ledger accounts based on information in a given transaction
  • Articulate why the order of the condition rules matter
  • Analyze how Workday determines which Account Posting Rule will get used for the credit and debit side of each transaction
5

Supplier and Supplier Invoices

  • Efficiently process supplier invoices
  • Manage payables and settlement
  • Provide cash optimization
  • Maintain strong internal controls with insight into all aspects of enterprise spend
  • Identify the required security groups necessary for supplier invoice and supplier invoice adjustment creation
  • Create a supplier invoice and invoice adjustment, and review the accounting for both documents
  • Maintain the Spend account posting rule by creating an account posting rule condition
6

Banking and Settlement

7

Customers, Customers Invoices and Receipts

  • Identify the required security groups for customer setup and invoice creation
  • Maintaining customer categories and customer groups
  • Create a customer, customer invoice, invoice adjustment, and review the accounting for both
  • Identify the required security groups to process customer receipts
  • Record and apply a customer payment with a shortage and write off amount and review the accounting
  • Record and apply a customer payment with an overage and applicable discount and a write off amount and review the accounting
  • Create customer deposit customer payments and review the accounting
  • Create a customer refund and a cash sale and review the accounting
8

Bank Reconciliation

  • Identify the required security groups for Bank Reconciliation and Ad-Hoc Bank Transactions bank
  • Create a Manual Bank Statement, create an Ad-Hoc bank transaction to reconcile the stated cash in Workday & bank statement
  • Review Cash-to-Bank Account Balances Reconciliation
9

Business Asset Setup and Life cycle

  • Identify the required security groups for asset setup
  • Configure a spend account posting rule to handle asset accounting
  • Configure the following elements for the Business Asset Setup process
10

Financial Reporting

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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