---
sourceDocument: Xanadu ServiceNow AI Platform Administration
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/xanadu/platform-administration

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu ServiceNow AI Platform Administration

ft:clusterId :

    - platadm

bundleId :

    - platadm

workflow :

    - Platform


---

# Manage costs

# Manage costs {#ariaid-title1}

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

When the cost management feature is enabled, time cards can be used to manage the cost
of labor in the Cost Management application.

When a time card for a project task is approved, an expense line is generated for the
corresponding labor cost associated with the project. If the project has a [Rate Models](https://www.servicenow.com/docs/access?context=rate-model&version=xanadu&pubname=xanadu-it-business-management&ft:locale=en-US) associated, then the hourly rate for calculating labor cost for the expense
lines is derived from the rate model. If no rate model is associated to the project, the rate
listed in the Labor Rate Card is considered. If no Labor Rate Cards is
applicable, the property com.snc.time_card.default_rate defines the default
hourly rate.

## Roles

The timecard_admin role enables users to approve, modify, and delete the time cards of other
users.
**Related topics**   

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