--- sourceDocument: Australia Asset Management sourceDocumentLink: https://www.servicenow.com/docs/r/australia/it-asset-management Release : - australia ft:locale : - en-US ft:publication_title : - Australia Asset Management ft:clusterId : - itam bundleId : - itam workflow : - Technology --- # Contract fields for Enterprise Asset Management # Contract fields for Enterprise Asset Management {#ariaid-title1} Release version: Australia Updated March 12, 2026 ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 minutes to read Summarize ![AI sparkle icon](https://servicenow.com/docs/portal-asset/ai-sparkle-icon) Summarized using AI This content was generated using new OpenAI-powered functionality. Results are provided on an as is basis and are not guaranteed to be accurate or complete. ## Summary of Contract fields for Enterprise Asset Management This document provides a detailed description of the contract fields used within the Enterprise Asset Management (EAM) application in ServiceNow. These fields help you effectively manage lease contracts by capturing critical information related to vendors, contract terms, financial details, and administrative roles. Show full answer Show less ## Contract Fields * **Vendor:** The vendor associated with the lease contract. * **Contract number:** A unique identifier for tracking the lease contract, typically obtained from the vendor. * **Name:** The name of the lease contract. * **Parent contract:** Reference to any higher-level contract that this lease contract is associated with. * **Start date:** The date when the lease contract begins. * **End date:** The date when the lease contract ends. * **Contract administrator:** The user responsible for managing the contract and liaising with the vendor. * **Approver:** The user who approves or rejects the lease contract. * **Business owner:** The user managing the contract from a business perspective. * **Description:** A detailed description of the lease contract. ## Financial Fields * **Invoice payment terms:** Specifies the terms describing how and when payments must be made. * **Payment schedule:** Defines the frequency of lease contract payments. * **Payment amount:** The amount to be paid per payment, configurable in any currency. * **Applicable taxes:** Options to indicate if the lease contract is exempt from taxes or subject to sales taxes. * **Lease term (months):** Duration of the lease contract in months. * **Vendor account:** The account to which payments must be made. * **Purchase order:** Purchase order linked to the lease contract. * **Cost center:** The financial cost center responsible for the lease contract. * **Has rate card:** Indicates whether the lease contract includes an associated contract rate card detailing cost information. ## Practical Application for ServiceNow Customers Understanding these fields enables you to accurately capture and manage lease contract details within the Enterprise Asset Management module. This facilitates contract tracking, financial oversight, and clear assignment of responsibilities---critical for effective asset and lease management. The inclusion of financial terms and the ability to link rate cards enhance financial transparency and control. Administrators can ensure compliance and streamline contract administration by leveraging these standardized fields. A detailed description of all contract fields in the Enterprise Asset Management application. ## Contract {#contract-fields-eam__section_kwx_3fr_fwb} {#contract-fields-eam__table_qxn_2vv_4tb__entry__2} | Field | Description | |-|-| | Vendor | Vendor that is associated with the lease contract. | | Contract number | Unique number that is used to identify and track the lease contract. You can obtain this number from the vendor. | | Name | Name of the lease contract. | | Parent contract | Parent contract that the lease contract is associated with. | | Start date | Date on which the lease contract begins. | | End date | Date on which the lease contract ends. | | Contract administrator | User who manages the lease contract and communicates with the vendor. | | Approver | User who approves or rejects the lease contract. | | Business owner | User who manages the lease contract from a business perspective. | | Description | Description of the lease contract. | [ ] {#contract-fields-eam__table_qxn_2vv_4tb} ## Financial {#contract-fields-eam__section_vtw_jfr_fwb} {#contract-fields-eam__table_pb1_mfr_fwb__entry__2} | Field | Description | |-|-| | Invoice payment terms | Terms that describe how and when you must make payments for the lease contract. | | Payment schedule | Frequency at which you must make each lease contract payment. | | Payment amount | Amount that you must pay for each lease contract payment. Note: You can set this field to any currency of your choice. | | Applicable taxes | Taxes that are applied to the lease contract. Select one of the following options: * Exempt: The lease contract is exempt from taxes. * Sales: Sales taxes are applied to the lease contract. {#contract-fields-eam__ul_znt_pfr_fwb} | | Lease term (months) | Length of the lease contract, in months. | | Vendor account | Vendor account to which you must make each lease contract payment. | | Purchase order | Purchase order that is associated with the lease contract. | | Cost center | Cost center that is financially responsible for the lease contract. | | Has rate card | Option that indicates if the lease contract has an associated contract rate card, which provides detailed cost information for the contract. See [Create a contract rate card](https://www.servicenow.com/docs/access?context=t_ContractRateCardsAndExpenseLines&version=australia&pubname=australia-it-service-management&ft:locale=en-US) for more information on contract rate cards. | [ ] {#contract-fields-eam__table_pb1_mfr_fwb} **Related concepts** * [Domain separation and Enterprise Asset Management](https://www.servicenow.com/docs/Qxx1BnPnFY8kC~xA1XQkeg "Domain separation is supported in Enterprise Asset Management. Domain separation enables you to separate data, processes, and administrative tasks into logical groupings called domains. You can control several aspects of this separation, including which users can see and access data.") **Related reference** * [Components installed with Enterprise Asset Management](https://www.servicenow.com/docs/3abxsEcR4uFvYYzsmr_gnQ "Several types of components are installed with activation of the com.sn_eam plugin, including user roles, plugins, and applications.") * [OT Asset Workspace roles](https://www.servicenow.com/docs/_UmFUR7FAlUCob2moax9~Q "The following roles help you to manage the OT Asset Management application.") * [Asset fields for enterprise assets](https://www.servicenow.com/docs/b5F9kQcOV9PJleLtn5lKtA "A detailed description of all asset fields in the Enterprise Asset Management application.") * [Asset audit fields for enterprise assets](https://www.servicenow.com/docs/eTN1oWDkJzBthMIaZF3BLQ "Create New Asset Audits form and related fields description.") * [Audit results](https://www.servicenow.com/docs/klT9x6IBrzPEuD~bWef4bg "The Audit results shows the status of the assets when the scheduled or blind audits of asset stockrooms and other locations is complete.") * [Enterprise model categories and corresponding classes](https://www.servicenow.com/docs/G2drqI_Cug6~kd2MsnGY4A "Enterprise model categories and their corresponding Configuration Management Database (CMDB) configuration item (CI), asset, and model classes.") * [Mandatory fields in the bulk import spreadsheets](https://www.servicenow.com/docs/XBHTcibGuZFapfzCUQFIPw "A list of the mandatory fields in the model, asset, and model and asset templates for bulk import in the Enterprise Asset Workspace.") * [Normalization status for enterprise models](https://www.servicenow.com/docs/_lZosqgAFKRtp~ZsyYFB2A "Description of the normalization statuses for enterprise models.") * [Model fields for Enterprise Asset Management](https://www.servicenow.com/docs/Yk_rKIXjrvw8c2SH_0ZlGg "A detailed description of all model fields in the Enterprise Asset Management application.") * [Maintenance plan fields for Enterprise Asset Management](https://www.servicenow.com/docs/OqGnc3aDRf2e7MjVCduMmQ "A detailed description of all maintenance plan fields in the Enterprise Asset Management application.") * [Maintenance schedule fields for Enterprise Asset Management](https://www.servicenow.com/docs/UzqM42VPiGOgrD7~YUD6ag "A detailed description of all maintenance schedule fields in the Enterprise Asset Management application.") * [Work plan fields for Enterprise Asset Management](https://www.servicenow.com/docs/bQYeuk~MJrn1DFF4Sd10MQ "A detailed description of all work plan fields in the Enterprise Asset Management application.") * [Work plan schedule fields for Enterprise Asset Management](https://www.servicenow.com/docs/4Z9TkiauKSjY_wbBuuKT4w "A detailed description of all the work plan schedule fields in the Enterprise Asset Management application.") * [Expense line fields for Enterprise Asset Management](https://www.servicenow.com/docs/xsedZd3Eb_WCqiPsvpjcVQ "A detailed description of all expense line fields in the Enterprise Asset Management application.") * [Fields inherited from a parent asset group to a sub group](https://www.servicenow.com/docs/tLLFTCDsrXCun1jh82PzjQ "A list of all the fields that are inherited from the parent asset group to a subgroup.") * [Enterprise asset disposal order stages](https://www.servicenow.com/docs/hq5ftNzPpLlbi5eYinXVew "An enterprise asset disposal order goes through various stages in the disposal process before it’s completed. With each stage, the task that's associated with that stage changes too.") * [Terminology for linear assets](https://www.servicenow.com/docs/o3SJm4oDmghbNSneIAAA~w "Terms commonly used for linear assets in the Enterprise Asset Management application.") * [Scheduled jobs and tables installed with normalization of firmware models](https://www.servicenow.com/docs/CkSpu_Y3m_F6P3wd1U4Xpw "Scheduled jobs that run during the normalization of firmware models embedded into Operational Technology (OT) assets and tables that store firmware normalization details are installed with the OT Asset Management application.") * [Asset put away task fields](https://www.servicenow.com/docs/AXp0DXWorgdB_iUKurW43Q "Fields on the Asset put away task form help you create a put away task for the in stock assets.")