Functional currency

[Sonali Jadhav]

Now default currency for functional currency field is USD can we set it to any another currency on cost plan form in service now ?

[Vinay76]

Hi @Sonali Jadhav 

Functional currency is more of system currency it is derived from locale of instance.It is one for a given instance. There is a entered currency field on cost plan so you can enter cost in any active currency.In case your use case is to track financials of a project in a currency other than functional currency please check `MultiCurrency in PPM` feature released in Orlando

https://docs.servicenow.com/bundle/orlando-it-business-management/page/product/project-portfolio-suite-with-financials/concept/multicurrency-pps.html

Thanks,

Vinay

[Sonali Jadhav]

Functional currency is more of system currency it is derived from locale of instance ?

Can we set it to other currency value as a default for it ?

[Vinay76 · Accepted solution]

Yes this is the documentation for locales

https://docs.servicenow.com/bundle/orlando-platform-administration/page/administer/currency/concept/locales.html

so if your locale is `en.US` or empty(USD is the default) functional currency will be USD. for
en.GB functional currency will be GBP. supported locales are listed in the documentation.