Finance Reporting and Analytics Release Notes for July 25

Finance Reporting and Analytics Release Notes for July 25, 2024    

As we start a new fiscal year for 2025, we’ve made some improvements to the Workday Budget vs Actuals app in UBI. 

• Updated Master Measures that will deliver more accurate data. The updated measures in the App will utilize Sources and Uses (Operating Sources/Operating Uses/Operating Transfers) instead of Ledger Account Types (Revenue/Expense/Transfers). Sources and Uses represents how we report our Sources, Uses and Transfers for managerial and budget reporting both internally and externally. This is what is also used in Adaptive.
  • Please note that we recently released a new report in the Workday FDM Reference app called Ledger Account Type vs. Revenue/Spend Classifications vs. Sources/Uses report that you can leverage to see how these values compare to each other and how they might differ in some cases.

• User-friendly filtering capability with the addition of the PeriodType filter as well as changing all the reports to use the AsOfPeriod filter instead of a mixture of AsOfPeriod and Fiscal Year/Period filters.

• More robust reporting on Obligations.

• New report – Sources and Uses Statement that will give you the ability to compare Budget versions vs Actuals by Line Item in the same format that is used when we publish the annual Budget.

In the unlikely event that you encounter a broken visualization on your personal or Community sheets (should this happen you will see an error message that reads “Incomplete Visualization”), please do not hesitate to reach out and we will be happy to assist you.   

For any finance reporting needs or feedback, please reach out to at AskFinance@virginia.edu