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Workday Adaptive Planning Knowledge Center

Concept: Consolidation

Introduces the key benefits of the consolidation capability.

The consolidation capability supports the financial activities and financial records required by GAAP for businesses that have multiple organizations.To get started with consolidation, contact workday professional services or your implementation partner. See Contact Us.

Use Case

Consolidation Solution

Organization has subsidiaries that trade with each other.

 

Intercompany account and level settings and elimination rules. See Steps: Set Up Intercompany Eliminations.

Organization own less than 100% of another organization or subsidiary.

Consolidation percentage sheet to choose consolidation methods and track minority interest. See Set Up Consolidation Ownership.
Organization uses more than one ERP system. Journal entry versions and journal entries. See Concept: Journal Entries and Journal Entry Versions.
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