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Administrator Guide
Last Updated: 2023-06-23
Convert Active Ledger Types

Convert Active Ledger Types

  • Close all ledger periods for the ledger type that you want to convert.
  • Security: These domains in the Common Financial Management functional area:
    • Set Up: Ledger and Book
      .
    • Process: Historic Ledger Types
      .
For existing Workday customers who are implementing Workday Financials, you can convert existing active ledger types to historic types. Converting existing active ledger types to historic types, enables you to retain existing ledger types for reporting and use active ledger types to enter new transactions.
  1. Access the
    Convert Ledger Types
     task.
  2. Select the
    Ledger Type Group
     that you want to convert.
    Only active ledgers are available for selection.
  3. Click
    OK
    .
  4. Enter a name for the historical actual, commitment, and obligation ledger types.
    Workday automatically adds the Historic prefix to the names.
  5. Name the new actuals ledger type and optionally the commitment and obligation ledger types.
  6. Click
    OK
    .
  7. Review the names of the historical and new ledger types and select
    Confirm
    .
Workday converts the active ledger types to historic ledger types and creates new active ledger types.
You can only create journals in active ledger types but can report on historic ledger types.
  • Create new ledgers using the new ledger types for your existing company.
  • Load beginning balances into the new ledgers.