Which of the following is required to settle intercompany transactions in Workday?

To settle intercompany transactions in Workday, it is essential to configure intercompany worktags and balancing rules. Intercompany transactions involve activities between different entities within the same organization, and to effectively manage these transactions, the system needs to identify and track them accurately.

Configuring intercompany worktags allows for the proper categorization of transactions, ensuring that each transaction is recorded against the correct entities involved. Balancing rules are crucial as they help ensure that debits and credits related to intercompany transactions balance across the different units or entities. This configuration supports accurate financial reporting and maintains the integrity of the financial data within the system.

While assigning cost centers to transactions or approving period closes may play a role in the overall financial process, they are not specifically required for settling intercompany transactions. Similarly, running a financial consolidation report is related to reporting and does not directly affect the settling process. Therefore, the configuration of intercompany worktags and balancing rules is vital for seamless and accurate intercompany transaction settlement.