What type of accounts are primarily used for financial tracking and reporting in Workday Adaptive Planning?

Standard accounts are the primary type used for financial tracking and reporting in Workday Adaptive Planning. These accounts are structured to facilitate consistent reporting and analysis of financial data across various models and scenarios. They provide users with the necessary framework to categorize financial transactions and ensure that data is compiled in a way that aligns with reporting standards and practices.

Standard accounts typically include predefined account types such as revenue, expenses, assets, liabilities, and equity, which are essential for compiling financial statements and performing budget versus actual analyses. This structure is vital for organizations to achieve accurate financial insights, supporting timely decision-making and strategic planning.

While general ledger accounts can also be used for tracking financial data, standard accounts specifically refer to the core components that drive financial reporting within the software, making them more relevant for this context. Custom accounts can be created for specific business needs but are not inherently structured for standard financial reporting. Linked accounts are used to connect various data points but do not serve the fundamental purpose of financial tracking as standard accounts do.