---
sourceDocument: Australia Enterprise Architecture
sourceDocumentLink: https://www.servicenow.com/docs/r/australia/application-portfolio-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Enterprise Architecture

ft:clusterId :

    - appportman

bundleId :

    - appportman

workflow :

    - Technology


---

# Total cost of ownership form

# Total cost of ownership form {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Application TCO helps enterprise architects to evaluate the cost of business applications and prioritize application portfolio.

## Total cost of ownership form {#new-tco-form__section_plx_cyv_yzb}

{#new-tco-form__table_xnd_gyv_yzb__entry__2}

| Field | Description |
|-|-|
| Business application | Name of the business application for which you are creating the total cost of ownership. |
| Cost type | Cost type used in the TCO calculation. |
| Cost | Select the currency type and enter the cost of the business application. |
| Fiscal period | Select the fiscal period to calculate the total cost of ownership. |
| Billing date | Select a date for the billing. |
| Reference | Enter reference details. |
| Vendor | Select the vendor of the business application. |
| Source | Select the source of the TCO. |
| Source cost type | Select the cost type as defined in the source of the TCO. This field is editable only when a source is selected in the Source field. |
| Short description | Description of the TCO. |
[ ]

{#new-tco-form__table_xnd_gyv_yzb}
**Related tasks**   

* [Add or edit a total cost of ownership record](https://www.servicenow.com/docs/QPmezMW120QY5fZiRse_ZA "Create a new entry for total cost of ownership (TCO) record to evaluate the cost of your business applications.")