---
sourceDocument: Xanadu IT Asset Management
sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/it-asset-management

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu IT Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Create a task rate card in Hardware Asset Workspace

# Create a task rate card in Hardware Asset Workspace {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

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](https://www.servicenow.com/docs/access?context=t_ActivatingCostManagement&version=xanadu&pubname=xanadu-it-business-management&ft:locale=en-US).

## Procedure

1. Navigate to WorkspacesHardware Asset WorkspaceAsset operationsTCO configurationTask rate card.
2. Select New.
3. On the form, fill in the fields.  
   {#create-ham-task-rate-card__table_pln_ql2_hzb__entry__2}

   | Field | Description |
   |-|-|
   | Name | Purpose 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. |
   | Table | The type of tasks the rate card applies to. |
   | Active | Option to determine if the rate card is actively used. |
   | Task rate | Rate of the task, with a currency list. To add a new currency, use the Edit link. |
   | Default labor rate | The 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. |
   | Order | Order 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 conditions | Filter 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. |
   [Table 1. Create New Task Rate Card]

   {#create-ham-task-rate-card__table_pln_ql2_hzb}
4. 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](https://www.servicenow.com/docs/access?context=r_ProcessTaskRateCards&version=xanadu&pubname=xanadu-it-business-management&ft:locale=en-US).
**Related concepts**   

* [Asset Total Cost of Ownership for Hardware Asset Management](https://www.servicenow.com/docs/MbM8sFoNuHMgmUfZYNFT2Q "Assets incur costs throughout their life cycle, including initial capital costs and operational costs. Asset Total Cost of Ownership helps Asset managers to understand, analyze, and track the Total Cost of Ownership (TCO) of assets, where the total cost includes initial capital cost and operation cost.")
* [Asset analytics view](https://www.servicenow.com/docs/qaQ~MCuNfbNA7F1M9RBGmg "Use the Asset analytics view to get a detailed view of all your hardware assets, the total cost of ownership (TCO) of your assets, and the asset performance.")
* [Asset operations view](https://www.servicenow.com/docs/bFckhMq47uC1s5SkXC8fWA "Use the Asset operations view in the Hardware Asset Workspace to view the asset operations-related functions such as stock rules, stock orders, procurement sourcing requests, all contract renewal requests, contract renewal line items, custom products, custom models, and take appropriate actions.")

*[\>]: and then