What is the Fee Assessment worktag in Workday?
The Fee Assessment worktag is used in Workday to show whether Project, Program, Gift, Grant, or Cost Center revenues are subject to the Administrative Service Charge (ASC) per BPPM 30.16. The Fee Assessment worktag contains two values:
- ASC Exempt, which indicates the account’s revenue is not subject to the service charge, and
- ASC 8, which indicates the account’s revenue is subject to the service charge.
External revenues collected using the Record Cash Sale process in Workday only use the ASC Fee Assessment worktag to determine whether the revenue is eligible for having the ASC Fee assessed or not.
Internal revenues collected using the Internal Service Delivery process in Workday use a combination of the Internal Service Provider’s ASC Fee Assessment worktag and Revenue Category to determine whether the revenue is eligible to have the ASC Fee assessed or not.