A rate card is a record that defines the cost of a configuration item (CI), contract, task, or labor.
A rate card can have one-time costs, recurring costs, or both.
A scheduled job is a script that runs at a specified time or interval to perform a specific task.
The Process Daily Costs scheduled job is a script that runs every day to generate expense lines for CIs, contracts, tasks, and labor based on their rate cards .
An expense line is a record that captures the cost of a CI, contract, task, or labor for a given period.
The Process Daily Costs scheduled job calculates the daily cost of each rate card by dividing the recurring cost by the number of days in the billing cycle.
The Process Daily Costs scheduled job also prorates the one-time cost of each rate card by dividing it by the number of days in the amortization period.
The Process Daily Costs scheduled job creates expense lines for each rate card with the calculated daily cost and the current date.
The Process Daily Costs scheduled job also updates the total cost and remaining cost fields of each rate card based on the generated expense lines. References:
[Cost Management - Product Documentation: San Diego - ServiceNow]
[Scheduled Jobs - Product Documentation: San Diego - ServiceNow]
[Process Daily Costs - Product Documentation: San Diego - ServiceNow]