Costing Improvements for Retro Periods in Workday

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Published:
October 28, 2020

In September 2020, Workday, Inc. released improvements to how costing is handled for retroactive HCM transactions. This functionality was moved into production on Wednesday, October 28. Now, when an HCM transaction is processed for a prior period in Workday, Workday will use the costing allocation that is in place at the time of the prior period. A cost transfer integration is no longer needed for retroactive HCM transactions, so there will no longer be a delay in charges being accurately reflected in *DEFINE. 

This new functionality only impacts how costing allocations are applied to retroactive HCM transaction being processed in payroll and has no impact on how retroactive costing allocations changes are handled. The cost transfer integration will continue to operate as it does now, with no changes to the current schedule.

Additional Resources:

https://payroll.utexas.edu/cost-transfer-information

https://payroll.utexas.edu/cost-transfer-integration-schedule