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Administrator Guide
Last Updated: 2026-09-18
Create Standalone Selling Price Lists

Create Standalone Selling Price Lists

  • Security: These domains in the Advanced MEA Allocation functional area:
    • Process: Advanced MEA Allocation
    • Set Up: Advanced MEA Allocation
You can create standalone selling price (SSP) lists to configure flexible, formula-based pricing to calculate SSP for multiple-element revenue allocation, supporting compliance with ASC 606 and IFRS 15 standards.
On each SSP list, you can add rules with formulas to calculate SSP using a configurable rule builder. The rule builder supports residual value calculations, as well as license, services, and usage contract lines to calculate SSP.
You can also use fair value price lists as an alternative to SSP lists if you don't need to use a rule builder to configure formula-based pricing. See Create Fair Value Price Lists.
  1. Access the
    Maintain Standalone Selling Price Lists
     report.
  2. Click
    Create Price List
    .
  3. Complete the header.
  4. Complete the
    Formulas
     tab for goods and services contract lines:
    Option Description
    Order
    Specify the order in which Workday applies the rules when there are multiple rows. Workday applies the rules from top down. You can click the arrows to reorder the rules when there are multiple rules.
    Rule
    Select an existing rule or
    Create Dynamic SSP and Revenue Allocation Rule
     to create a new one. To create a new rule, see Create Dynamic Standalone Selling Price and Revenue Allocation Rules.
    Fixed Amount
    Select to set the SSP amount to a fixed amount. When you run multiple-element revenue allocations:
    • Fixed
       is checked on the corresponding multiple-element revenue allocation line.
    • The
      Revenue Override Amount
       is the same amount as the
      SSP (FV) Extended Amount
      .
    Formula
    Displays the formula for the rule you select.
    Proration
    Select to prorate SSP based on the duration of the contract line.
    Example: You select
    Daily for 365 Annual Days
     from the
    Proration
     prompt. When the SSP for an annual maintenance item is 80 percent of the 12,000.00 USD list price and the contract line starts on 2026-01-01 and ends on 2027-01-15, then the SSP (fair value) extended amount is 12,000.00 × 0.8 × (380 days ÷ 365 days) = 9,994.52.
  5. (Optional) Complete the
    Project Services
     tab for services contract lines:
    Option Description
    Source
    Select a project billing rate sheet. The available options are based on the currency that you select for the SSP list.
    Snapshot
    Select a snapshot of the project billing rate sheet that you specify from the
    Source
     prompt. Click
    Update
     after you select a snapshot to view the rate sheet information and enter SSP rates.
  6. (Optional) Complete the
    Usage
     tab for usage-based contract lines:
    Option Description
    By Volume
    Select to run multiple-element revenue allocations by volume for the sales item you specify. If you use tiered pricing:
    • When you select the
      By Volume
       check box, Workday applies a single price based on the total quantity. Example: For a quantity of 8 units, if you configure a tier with a quantity starting from 0 units at 12.00 USD, and a tier with a quantity starting from 5 units at 10.00 USD, Workday applies 10.00 USD to all 8 units (80.00 USD total).
    • When you clear the
      By Volume
       check box, Workday applies different prices per tier as the quantity crosses thresholds. Example: For a quantity of 8 units with the same tiers, Workday applies 12.00 USD to the first 5 units and 10.00 USD to the remaining 3 units (90.00 USD total).
    Tiered Price
    Displays the number of added tiers. Click the number to add tiers. You can then enter values in the
    Quantity From
     and
    Unit Price
    columns for each tier.
  7. Click
    OK
    .
You can associate the SSP list with customer contracts when you select the
Multiple-Element Revenue Allocation
 check box on the contract.
Add an SSP list to companies using the
Set Up Revenue Allocation Configuration
 task.
You can also:
  • Create, view, and edit SSP lists on the
    Maintain Standalone Selling Price Lists
     report.
  • Use these reports to create, edit, or delete SSP rules:
    • Create Dynamic SSP and Revenue Allocation Rule
    • Delete Dynamic SSP and Revenue Allocation Rule
    • Manage Dynamic SSP and Revenue Allocation Rule