Concept: Asset to Ledger Reconciliation
Workday provides these composite reports, which you can customize for your specific reporting
requirements:
- Asset to Ledger Reconciliation – Accumulated Depreciation.
- Asset to Ledger Reconciliation – Cost.
We recommend that you run these reports periodically to locate and reconcile:
- Asset transactions that Workday doesn't automatically post to the ledger account, for which you need to create manual journals. Example: You register an asset manually.
- Ledger transactions that Workday doesn't record on the asset, for which you need to create asset adjustments. Example: During your implementation of Workday, you convert your existing assets. You create a manual journal for the historical accumulated depreciation on your asset.
- Timing differences. Example: You place an asset in service in January without registering the asset in Workday. In February, after you close the fiscal period for January, you receive the invoice for the asset. You backdate the asset registration to January. Workday posts the depreciation for the asset in the closest open fiscal period, which is February.