Reference: Netting Rules
You can configure Netting Rules to define which customer invoices and supplier invoices can
net against each other. You can maintain rules between customers and suppliers for 1
or more companies or company hierarchy. Workday identifies the invoices to net using
the criteria in the Netting Rule and Invoice Eligibility Rule.
Option | Description |
|---|---|
Rule Name
| Enter a unique name for each netting rule. |
Company
| Any company or company within the hierarchy that you specify on the
netting rule can initiate a netting transaction using that
rule. |
Customer
| You can't select companies that operate as customers or suppliers
on netting rules. You can select customers and sponsors. |
Supplier
| You can't select supplier invoices from suppliers with 1099 MISC
reporting. |
Balancing Fund
| This field displays for tenants with worktag balancing enabled.
Select the worktag used to calculate interworktag balancing entries when
netting customer invoices and supplier invoices that have different
balancing worktags. |
Optional Balancing Worktags
| This field displays for tenants with optional worktag balancing
enabled. Select the Optional Balancing Worktag to generate due to
and due from entries to balance the netting transaction. |
In Use
| Once a netting rule is In Use , you can mark
it inactive, but can't delete it. |
Inactive
| Select to block the netting rule for future netting
transaction. |