Which account type is used to calculate financial ratios and nonfinancial metrics?

Metric Accounts are specifically designed to facilitate the calculation of financial ratios and nonfinancial metrics within Workday Adaptive Planning. These accounts serve as key performance indicators (KPIs) allowing organizations to monitor their performance against strategic goals and benchmarks.

By focusing on specific metrics, Metric Accounts can aggregate data from various sources, ensuring that essential information is readily available for analysis. This allows for the creation of dynamic reports and dashboards that reflect real-time performance, enabling better decision-making and forecasting.

In contrast, General Ledger Accounts are primarily used for recording transactions and managing financial statements. Custom Accounts may be tailored for specific business needs, but they do not inherently provide the functionality for calculating metrics or ratios. Modeled Accounts are often used for budget scenarios and planning but may not offer the same focused metric calculations that Metric Accounts do.