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Release: Australia · Updated: 2026-03-12 · Official documentation · View source

Create a task rate card in Hardware Asset Workspace

Create a task rate card to define the type of task and the method of calculating the associated costs.

Before you begin

Role required: asset_admin

Activate the ServiceNow® Cost Management (com.snc.cost_management) plugin. For more information, see Activate Cost Management.

Procedure

  1. Navigate to Workspaces > Hardware Asset Workspace > Asset operations > TCO configuration > Task rate card.

  2. Select New.

  3. On the form, fill in the fields.

FieldDescription
NamePurpose of the rate card.
Use time worked

Option for forcing the rule to calculate the task cost based on the related task time worked entries.

By default, a flat rate for each task is defined in the Task rate field.

TableThe type of tasks the rate card applies to.
ActiveOption to determine if the rate card is actively used.
Task rateRate of the task, with a currency list.To add a new currency, use the Edit link.
Default labor rateThe default hourly rate to apply to the time worked entries if the worker doesn’t have a labor rate card. This field appears only when Use time worked is selected.
OrderOrder in which the task rate card applies to the same task.When more than one task rate card applies to the same task, the one with the lowest order is used.
Set conditionsFilter to run on the table selected to determine whether this rate card applies to a given task. This field uses the Condition Count Widget to preview what records would be returned by the conditions.
  1. Select Save.

Result

After a task rate card is defined for a task, expense lines are created by the Use time worked value. When you select the Use time worked field for a task rate card, the time worked records created against users and labor rate are used to calculate expense lines. For more information, see Process task rate cards.

Parent Topic:Configure the Total Cost of Ownership of assets

Related topics

Asset Total Cost of Ownership for Hardware Asset Management

Asset analytics view

Asset operations view