Generally, organizations have members and roles that support a specific business function. Workday delivers a number of different organization types for different functional purposes that are independent of one another.
For example, your supervisory organization reflects the reporting structure, and this may be completely different from your costing structure for which cost centres and regions are used.
Company:The primary organization type used by Workday Financial Management. All financial transactions are for a company, and most financial reports are run in the context of a company, such as balance sheets and income statements.
Note: Workday recommends that you create a separate company for each internal entity with a separate tax ID.
Cost Center: Used to track financial transactions and HCM transactions with a financial impact, such as hiring or terminations. Employees and contingent workers are assigned to a cost centre when hired. You can roll up cost centres into cost centre hierarchies, which can only store cost centres for reporting purposes. You cannot associate transactions with a cost centre hierarchy.
Location: Locations are an attribute associated with a worker in a position, and can also be used for assets. Locations reflect a worker's work location rather than an area of responsibility. Locations can be structured as a hierarchy whereby Location A can be the superior of Location B. Location hierarchies have organizational roles and can include locations for grouping purposes. Location hierarchies can also be structured as a hierarchy whereby Location Hierarchy X can be the superior of Location Hierarchy Y.
Create Location is used for creating a location. The location should be created before creating a Supervisory organization.
Region: Reflects the area of responsibility for a worker instead of the work location. For example, a salesperson might work from a Miami location, which rolls up to North America, but might be responsible for sales to the Latin American region.