To review a list of known issues we are working on please visit our Workday Finance status page. Have something additional to report? Contact askfinance@virginia.edu
To review a list of known issues we are working on please visit our Workday Finance status page. Have something additional to report? Contact askfinance@virginia.edu
Monthly Close Activities in Workday Financials
Monthly close activities will be performed on January 31st. Please be advised of the following deadlines and cut-offs:
Accounting Journals will be closed on Tuesday, January 31st at 4pm. All Accounting Journals must be approved by Tuesday, January 31st at 4pm, otherwise they will be canceled by Central Accounting as they will prevent the period from being closed. Users are encouraged to enter all Accounting Journals by Monday, January 30th to allow sufficient time for approvals. Canceled accounting journals can be copied and resubmitted in the next accounting period when it becomes available (see below). Accounting Adjustments (e.g. supplier invoice and expense report adjustments) will be closed on Tuesday, January 31st at 4pm. All Accounting Adjustments should be approved by Tuesday, January 31st at 4pm, otherwise, they will post to the next accounting period, when approved. Going forward, UVA Finance will require Accounting Adjustments in progress to be canceled at quarter-end and year-end only. Payroll will be closed on Tuesday, January 31st at 4pm. All Payroll Accounting Adjustments should be approved by Tuesday, January 31st at 4pm, otherwise, they will post to the next accounting period, when approved. All other activity groups and transaction types will be closed on Tuesday, January 31st at 5pm. Users can continue to enter and approve expense reports, requisitions, purchase orders, ad hoc payments, banking transactions, customer invoices, etc. until this time to be posted in the current period. Any pending/unapproved operational transactions at cut-off will post to the next period when approved.Thank you for your cooperation and adherence to these deadlines. As we become more comfortable with the new system, UVAFinance may adjust deadlines and cut-offs in the future.
Integrations: