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Administrator Guide
Last Updated: 2023-06-23
Define Markups for Inventory Items

Define Markups for Inventory Items

  • Security:
    Set up: Inventory Accounting
    domain in the Inventory functional area.
  • Configure spend categories to stock items.
Mark up an item by setting a percentage to an item, spend category associated to the item, or the company or location from which to issue items. When you ship or issue goods, Workday applies markup to charge a percentage on top of the cost of the item.
  1. Access the
    Maintain Inventory Markups
     task.
  2. Enter the percentage to mark up inventory items.
  3. Verify that your inventory markups calculate correctly by clicking
    Test Inventory Markups
    .
Workday includes mark up percentages in the unit cost of an item:
  • When issuing items.
  • During intercompany stock transfer shipments and when accounting for those transactions.
  • As part of the item cost on intracompany stock transfers. Workday accounts for markup and item costs separately on those shipments.