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

 Release :

    - zurich

ft:locale :

    - en-US

ft:publication_title :

    - Zurich IT Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Configuring Total Cost of Ownership for enterprise assets

# Configuring Total Cost of Ownership for enterprise assets {#ariaid-title1}

* Release version: Zurich
* 
* Updated July 31, 2025
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Configure your Total Cost of Ownership (TCO) to track your assets.  
Configuring TCO involves the following procedures:

* Create task rate cards to capture costs per task type.
* Create labor rate cards to capture costs by the time consumed on an hourly basis.
* Create a TCO report to compare the actual or projected TCO of assets and a TCO report source.
* Create a TCO report source to add sources to a TCO report.
* Create expense lines for closed tasks.
{#confifure-eam-asset-tco__ul_bzt_2d1_j1c}
* **[Create a TCO report in Enterprise Asset Workspace](https://www.servicenow.com/docs/xvDrKXC7DGOKtjU6~WcAgQ)**   
  Create a TCO report to compare the actual or projected TCO of assets or to compare the actual or projected asset TCO with the benchmark cost of the enterprise model.
* **[Create a TCO report source in Enterprise Asset Workspace](https://www.servicenow.com/docs/56~Z0GXYqmUoCvDjS~GR9A)**   
  Create a TCO report source to add report sources to a TCO report.
* **[Create a task rate card in Enterprise Asset Workspace](https://www.servicenow.com/docs/fgqwHwvTWIQ5wScI1H4CVw)**   
  Create a task rate card to capture costs per task type in the Enterprise Asset Workspace.
* **[Create expense lines for closed tasks in Enterprise Asset Workspace](https://www.servicenow.com/docs/pJYWlO6ppstdB9sbWTcrMQ)**   
  Automatically create expense lines for previously closed tasks, that originally had no expense lines, in order to calculate costs for those tasks.
* **[Create a labor rate card in Enterprise Asset Workspace](https://www.servicenow.com/docs/NmSnwuqCzFgPnqI3iI5m0g)**   
  Create a labor rate card to capture costs by the time consumed on an hourly basis.