---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Create license assets

# Create license assets {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

You can manage your organization's software license assets.

## Before you begin

Role required: sam

## About this task

Examples include a license to use a single copy of a desktop software program and an
enterprise license to install a software program on multiple computers.

## Procedure

1. Navigate to AllAssetPortfoliosLicense Assets and click New.
2. In the Rights field, type the number of entitlements to be granted by this license.
3. Complete the form as described in [Create assets](https://servicenow-prod.fluidtopics.net/UpNATVyeg~UPYQQePCyJKw "Create hardware, software, consumable, bundle, pallet, mobile, and facility assets using the Core UI or the Hardware Asset Workspace.").
**Related tasks**   

* [Create an asset class](https://servicenow-prod.fluidtopics.net/mWKeCMwg675kZcY69SqcRA "Creating an asset class requires defining a new table and creating a corresponding application and module, then adding the new asset class to new or existing model categories. The default asset classes are Hardware, Software License, and Consumable. These general classes can be used to manage various assets.")
* [Set asset states and substates](https://servicenow-prod.fluidtopics.net/0_dr~qEnWrFC6Lmdh8BzZg "Use asset states and substates to track assets accurately and at a detailed level.")
* [Add depreciation to an asset](https://servicenow-prod.fluidtopics.net/7Zxz4nCQfgMh46UisfxJCw "Depreciation is the reduction in the value of an asset over time.")

*[\>]: and then