Multicompany Payroll Costing
Effective Friday, November 19, Multicompany Payroll Costing will be available in Workday. This new functionality will allow payroll expenses to be charged across multiple Workday Companies.
What's New?
- When initiating the Costing Allocation or Payroll Accounting Adjustments (PAA) business processes, Cost Center Managers and Finance Business Process Initiators will be required to complete the Costing Company field(s) by entering the Workday Company associated with each Driver Worktag being charged the payroll expenses (see image below).
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- Payroll journals will post directly to the appropriate Costing Company, allowing payroll expenses to be reflected more timely on financial reports across all Workday Companies.
- If you need assistance verifying which Company is associated with a Cost Center, run the new Data Audit Cost Center - Company Crosswalk report in Workday.
- On Friday, November 19, the Workday: Payroll Accounting computer-based learning (CBL) training will be updated in ULearn to reflect this new functionality. Users are encouraged to review the updated version of this training once available.
- Frequently asked questions have been developed to support you during this transition.
If you have any questions, please contact the Workday team at workday@miami.edu.
Thank you.
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