What is a Linked Account primarily used for?

A Linked Account is primarily used to incorporate data from other modeled sheets within Workday Adaptive Planning. This functionality allows users to create connections between different parts of their financial or operational models, facilitating a seamless integration of data. By using Linked Accounts, planners can leverage existing data definitions and calculations from various sheets, ensuring consistency and efficiency in financial forecasting and reporting.

This capability is particularly useful for organizations that have complex models where data needs to flow from one entity to another without manual entry, reducing error risks and saving time. It strengthens the overall data integrity of planned financial statements, budgeting, and forecasting processes since changes made in the source sheets will reflect automatically in sheets utilizing Linked Accounts.

While aggregating data from multiple sources, forecasting future performance, or categorizing financial dimensions is important, those tasks often require additional approaches or tools that complement the functionality of Linked Accounts.