What is meant by “Transaction Detail” in Workday?

The concept of "Transaction Detail" in Workday refers specifically to the granular information about individual financial transactions. This detailed view allows organizations to analyze and track every transaction that contributes to their overall financial picture. Understanding each transaction offers insights into spending patterns, revenue streams, and overall financial management. Having this level of detail is crucial for accurate reporting, reconciliation, and decision-making because it enables users to pinpoint discrepancies, monitor compliance, and ultimately enhance financial oversight. The emphasis on individual transactions distinguishes it from broader financial summaries or frameworks that aggregate or project financial data.