Category: Finance News

Visit the Workday Finance News page for an abundant collection of Q3 2024 updates from Finance, Planning, and Budgeting (FPB), the Office of Research, and Workday Coordination Services (WCS).

The Shared Environment Dashboard is now available in Workday, and has been designed to support day-to-day operational tasks.

To access the dashboard in Workday, simply type “Shared Env” in the search bar. Access is based on your Workday Security Roles.

The Shared Environment Dashboard streamlines the multitude of reports available in Workday, focusing on those most commonly used across the enterprise. It serves as a valuable resource, particularly for new team members who may be navigating their roles.

In partnership with UW Finance, Planning and Budgeting (FPB), the Workday Application Management team recently added a new warning message to the Assign Costing Allocation business process designed to help reduce some of the most common errors that result in incorrect billing and the subsequent need to process Payroll Accounting Adjustments to fix the errors.

Specifically, now when adding Salary Over the Cap during the Assign Costing Allocation business process, a pop-up message will appear asking you to confirm you did not enter either the “FD200 Grant Fund” or “FD209 Grant-in-Aid Scholarship and Fellowship Fund” worktags within the Salary Over the Cap sub-allocation, as Salary Over the Cap transactions cannot be charged to either of these grant funds. If you incorrectly entered FD200 or FD209 within the sub-allocation, simply replace the worktag with a valid fund value and continue to process your request. Any non-grant fund is a valid choice as long as you are following UW and State accounting standards.

For more information about salary cap policies, please visit FPB’s Post Award Fiscal Compliance: Salary Cap page.