---
title: Total cost of ownership form
description: Application TCO helps enterprise architects to evaluate the cost of business applications and prioritize application portfolio.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/application-portfolio-management/new-tco-form.html
release: australia
topic_type: reference
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Enterprise Architecture Workspace reference, Enterprise Architecture Workspace, Enterprise Architecture]
---

# Total cost of ownership form

Application TCO helps enterprise architects to evaluate the cost of business applications and prioritize application portfolio.

## Total cost of ownership form

|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.|

**Parent Topic:**[Enterprise Architecture Workspace reference](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/application-portfolio-management/eaw-reference.md)

**Related topics**  


[Add or edit a total cost of ownership record](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/application-portfolio-management/eaw-create-new-tco.md)