Workstream 

Key Updates 

Feature Description 

Business Impact 

Accounts Receivable 

Prevent Currency Rate Overrides on Accounting Journals 

New tenant configuration prevents end users from overriding currency conversion rates on accounting journals for selected currency rate types. 

Improves accounting control and consistency by enforcing approved currency rates across manual journals, web services, and spreadsheet imports. 

Customer Payment Automatic Application Performance Improvement 

Optimizes the customer payment auto-application job when processing large volumes of customer payments. 

Improves performance and resource utilization for high-volume payment processing, reducing processing time and operational overhead. 

Customers 

Tax Recovery on Customer Invoice Write-Offs 

Enhances tax recovery when customer invoices are written off, helping ensure applicable tax amounts are handled correctly during the write-off process. 

Improves tax accuracy and reduces manual correction effort for receivables write-offs. 

Close and Consolidate 

High Volume Grids on Account Reconciliations 

Introduces high-volume grid improvements for Account Reconciliations, enabling users to work with larger reconciliation datasets more efficiently. 

Improves reconciliation usability and performance, supporting faster review and completion of high-volume reconciliations. 

Copy Supporting Balances from Prior Periods on Account Reconciliations 

Enables users to copy supporting balances from a prior period into the current reconciliation and update balance dates and supporting details. 

Reduces repetitive data entry and accelerates recurring account reconciliation activities. 

Cash Management 

Multiformat Account Balance Reporting with Unified Banking Categories 

Enhances Normalized Balances so bank statement balances can be reported across banks regardless of statement format; the feature is renamed Unified Banking Categories. 

Provides more consistent bank balance reporting and improves comparison of Workday-calculated balances with bank-reported balances. 

Pending Bank Connectivity Payments Report 

Introduces a report to identify Workday Bank Connectivity payments processed by Kyriba that are awaiting bank acknowledgment. 

Improves payment visibility by distinguishing payments awaiting bank processing from payments rejected or held in draft. 

Accounting Center 

Pay Accounting Reallocation 

Introduces pay accounting reallocation to process accounting for prior payroll periods when retroactive costing allocations require completed payroll accounting to be adjusted. 

Simplifies correction of accounting on completed payroll results and reduces manual payroll accounting adjustments. 

Corrective Accounting for Retroactive Pay and Reallocation Status Management 

Updates retroactive payroll accounting so reversal journal lines use the original source-period configuration and adds On Hold and Requires Recalculation statuses to Payroll Accounting Reallocation. 

Reduces ledger discrepancies and improves control and visibility when correcting retroactive payroll accounting. 

Revenue Management 

Dynamic Standalone Selling Price and Revenue Allocation Rules 

Adds configurable, formula-based rules for calculating standalone selling prices for multiple-element revenue allocation, including residual value, license, services, and usage contract lines. 

Supports more flexible revenue allocation and helps organizations address ASC 606 and IFRS 15 requirements. 

Revenue Contract Agent 

Introduces an agent that extracts key data from uploaded customer contract documents and populates customer contract headers and lines in Workday. 

Reduces manual contract entry, improves processing efficiency, and helps accelerate customer contract creation. 

Closed Installments for Prepaid Balances 

Allows prepaid installments finalized in a legacy system to be imported into Workday in Closed status, with remaining balances made available for consumption. 

Supports legacy balance migration while maintaining reporting accuracy and data integrity for prepaid contracts. 

Accounts Payable 

Tax Only Supplier Invoices 

Extends tax-only supplier invoice functionality to withholding tax-only invoices, allowing correction of withholding tax calculation errors without changing the original invoice. 

Provides a faster correction method and improves withholding tax reporting, reconciliation, compliance, and audit readiness. 

Mask Personal Bank Account Numbers on Entry 

Masks account numbers and IBANs for personal bank accounts during entry and review, with a visibility toggle for authorized users. 

Strengthens protection of sensitive financial information and reduces the risk of unauthorized exposure. 

Payment Processing 

XSLT Check Printing 

Provides tasks and reports to identify bank accounts using XSLT check layouts and replace them with Report Design layouts ahead of the planned XSLT check printing retirement. 

Helps organizations prepare for retirement of XSLT layouts and minimize disruption to check-printing processes. 

Automatically Cancel Empty Scheduled Settlement Runs 

Automatically changes scheduled settlement runs to Canceled when their filters return no open items or payments for settlement. 

Reduces manual intervention and keeps settlement-run reporting focused on items requiring action. 

External Payment Group IDs for Bank Reconciliation 

Enables bank statement matching rules to group reconcilable items using external payment group IDs created by Kyriba. 

Reduces reliance on complex amount/date matching rules and improves straight-through bank reconciliation. 

Procurement 

Distribution Network for Multiple Companies 

Allows a single Inventory Distribution Network to be assigned to multiple companies instead of requiring duplicate network setups. 

Reduces administrative effort and simplifies inventory sourcing configuration for organizations operating across multiple companies. 

Scheduled Receipts for Purchase Order Lines 

Introduces scheduled automatic receipt creation for purchase order lines using configurable criteria and schedules. 

Reduces manual receipt accrual activities and improves accounting efficiency through automated receipt creation. 

Quick Receipts 

Introduces a self-service task showing outstanding goods and service lines across multiple purchase orders so requesters can confirm receipts in a consolidated view. 

Accelerates receiving, reduces repetitive PO searches, and helps prevent invoice-match exceptions caused by missing or delayed receipts. 

Recurring Services on Non-Catalog Requests and Purchase Order Lines 

Supports recurring services on non-catalog requests, including automated requisition line generation and purchase order line tracking across the service duration. 

Streamlines recurring procurement and supports more accurate distribution of financial obligations over service contracts. 

Expenses 

Improved Expense Details Experience for Expense Management 

Provides a cleaner Expense Details Page with consolidated information, one-click save, and support for itemized and rate-based expenses directly in Expense Management. 

Reduces clicks and processing time and enables users to complete more expense activities in a single interface. 

Split Expenses Support for Expense Management 

Allows expense lines to be split across multiple worktags by percentage or amount, with automatic itemization, balancing, rounding, and tax re-evaluation. 

Reduces manual line-by-line work and improves accuracy when allocating shared expenses across projects, cost centers, or other worktags.