Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2023-06-23
Create Transfer Pricing Rate Sheets

Create Transfer Pricing Rate Sheets

Security:
Set Up: Transfer Pricing
 domain in the Projects functional area.
You can use transfer pricing rate sheets to define rates for intercompany contracts. Your rate sheets can include pricing increases or decreases as either a rate or percentage.
  1. Access the
    Create Transfer Pricing Rate Sheet
     task.
  2. As you complete this task, consider:
    Option Description
    Transfer Pricing Default Rate / Percent
    Define a default rate or a percentage for time blocks not affected by the rate rules listed. The percentage represents a markup or markdown of the custom rate or standard cost rate.
    Effective Date
    Workday calculates and persists time entry costs upon time entry approval. The rate you specify is applicable to workers in the selected category based on the applicable effective date.
    Changes to the rate sheet or standard cost rates don't change the cost amount for approved project time entries.
    Use the
    History
     tab to view effective date changes to the standard cost rate sheet. From the related actions menu for this rate sheet, select
    Audits
    View Audit Trail
     to view change activity.
    Project Cost Rate Rules
    Workday applies the rate for the first project cost rate rule that the worker qualifies for based on the order.
Workday establishes transfer pricing rates for intercompany billing.
  • Associate your rate sheet with intercompany contracts.
  • Create intercompany transactions.