Accounting Center
The accounting center that delivers rich financial insight.
WHAT YOU CAN DO
Simplify accounting for finance teams.
Built on an analytics engine, Workday Accounting Center ingests, enriches, and transforms operational transactions into accounting.
With detailed accounting information and complete data lineage back to source transactions—you gain deeper insights faster and reduce time to close.
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High-volume data ingestionAccounting transformation and process orchestrationUser-defined rulesAutomated error handlingComplete data lineageFinancial and operational analysis
“We’ve been able to retire our custom legacy solution, simplify our processes, and improve financial reporting and analysis, data lineage, flexibility, and scalability.”
Designed for accounting.
Quickly turn data into insight.
Transform data from business events into accounting. Then blend operational data to drive richer financial and operational analysis in one system.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting, and resolving errors.
Bring greater efficiency to your finance processes.
Workday streamlines all accounting into one solution, simplifying reconciliation and consolidation to help you achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Quickly turn data into insight.
Transform data from business events into accounting. Then blend operational data to drive richer financial and operational analysis in one system.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting, and resolving errors.
Bring greater efficiency to your finance processes.
Workday streamlines all accounting into one solution, simplifying reconciliation and consolidation to help you achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Set a new standard for insight.
Explore your P&L by line of business, product, sales region, and salesperson. And use powerful ad hoc reporting to surface more meaningful insights, update forecasts faster, and empower stakeholders to make quicker decisions.
Easily meet audit requirements.
Our always-on audit automatically tracks and documents changes to rules and mappings. This makes it easy for you to monitor and provide the control and compliance required by auditors.
Ways you can use Workday Accounting Center.
Revenue recognition.
Transform operational data—such as policy, media production, or technology order data—into accounting to recognize revenue, including deferred revenue.
Expense recognition.
Recognize expenses from business events, including deferred and prepaid expenses, to match the revenue being recognized.
Cash subledger.
Recognize cash sales, credit card sales, billings, and payments from cash transactions and transform them into accounting.
Detailed subsidiary insight.
Create a virtual subledger to transform summarized journals into more granular detail, providing richer financial and operational reporting.
See how we get you live fast.
Ready to talk?
Get in touch.
