--- sourceDocument: Australia Strategic Portfolio Management sourceDocumentLink: https://www.servicenow.com/docs/r/australia/it-business-management Release : - australia ft:locale : - en-US ft:publication_title : - Australia Strategic Portfolio Management ft:clusterId : - itbm bundleId : - itbm workflow : - Technology --- # Monetary benefit plan form # Monetary benefit plan form {#ariaid-title1} Release version: Australia Updated September 10, 2026 ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 minutes to read Summarize ![AI sparkle icon](https://servicenow.com/docs/portal-asset/ai-sparkle-icon) Summarized using AI This content was generated using new OpenAI-powered functionality. Results are provided on an as is basis and are not guaranteed to be accurate or complete. ## Summary of Monetary benefit plan form The Monetary Benefit Plan form in ServiceNow allows you to create and manage monetary benefit plans linked to demands. This form helps you define and track financial benefits, both hard (revenue-based) and soft (value-based), associated with your demand initiatives. It integrates with fiscal periods and currency settings, ensuring accurate financial planning and reporting. Show full answer Show less ## Key Features * **Benefit Plan Details:** Define the benefit plan name, associated demand (work demand), and sponsor. * **Benefit Categorization:** Classify benefits as Hard (revenue) or Soft (value), with subcategories dependent on this selection. * **Benefit Types:** Choose between monetary and non-monetary benefits to specify the nature of the benefit. * **Offset Type and Dates:** Set when benefits start realizing using offset types such as None, Milestone, Start Date, or End Date. This affects how the start fiscal period adjusts when demand dates change. * **Fiscal Periods:** Define the starting and ending fiscal periods for the benefit plan, which dynamically update the benefit breakdown values. * **Financials Section:** Enter estimated benefit amounts, specify currencies (entered and functional), and track total planned, actual, and functional currency benefits. * **Currency Management:** Supports currency conversion using budget reference rates when the entered currency differs from the functional currency configured in Financial Management. * **Recurring Benefits:** Option to mark benefits as recurring for each fiscal period. * **Description:** Add a summary description for clarity and documentation. ## What to Expect Using the Monetary Benefit Plan form, you can precisely capture and manage the financial benefits of your demand initiatives. The form's integration with fiscal periods and currency settings ensures that financial estimates and actuals are accurately tracked and reported. Adjustments to demand dates automatically recalibrate benefit timelines, helping maintain alignment between project milestones and financial benefits. This enables informed decision-making and effective financial management within your ServiceNow environment. The benefit plan form enables you to create monetary benefit plans for a demand. {#monetary-benefit-plan-form-dw__table_demand_benefit_plan_form__entry__2} | Field | Description | |-|-| | Name | Name of the benefit plan. | | Work | Demand associated with the cost plan. This field is automatically set to the associated demand. | | Sponsor | Sponsor for the demand. | | Category | Type of the monetary benefit. The available values are: * Hard: Benefits measured in terms of revenue. * Soft: Benefits measured in terms of value. {#monetary-benefit-plan-form-dw__ul_ekd_dzl_qy} | | Sub category | Subcategories of hard and soft benefits. The selection in the Category field determines the available options in this field. | | Benefit type | Type of the benefit. The available values are: * Monetary benefits * Non-monetary benefits {#monetary-benefit-plan-form-dw__ul_mqc_ymw_1kc} | | Offset type | Indicates when the benefits start realizing. If the value in the selected offset type changes, the benefit plan start date shifts accordingly. The available values are: * None * Milestone * Start Date * End Date {#monetary-benefit-plan-form-dw__ul_pst_cnw_1kc} For example, set the offset type to End Date. If the demand due date changes, the benefit plan start date shifts to align with the new due date. | | Start fiscal period | Starting fiscal period. Populated based on values in the Offset field relative to the selected demand start date or demand end date, and the Duration in period values. The field is editable if you select None in the Offset type field. When you change the start fiscal period, the associated benefit breakdown values also change. | | End fiscal period | Ending fiscal period. When you change the end fiscal period, the associated benefit breakdown values also change. | | Associated benefit | Benefits associated with this benefit plan. | | Description | Summary of the benefit plan. | [Table 1. Benefit plan form] {#monetary-benefit-plan-form-dw__table_demand_benefit_plan_form} {#monetary-benefit-plan-form-dw__table_svx_dn3_fdc__entry__2} | Field | Description | |-|-| | Entered benefit | Estimated amount of the potential benefit. Any change in the planned benefit on the benefit plan updates the associated benefit breakdown values for future fiscal periods. | | Entered currency | Currency for the benefit plan. If the selected currency differs from the default currency configured in the Financial Management application, the budget reference rate is used to calculate the financial benefit of the demand. For more information, refer to [budget reference rate](https://www.servicenow.com/docs/ChM86RmiCjrvzZ2aTK6m6w "The support for use of multiple currencies provides conversions for budget items in different currencies."). | | Functional currency | Default currency configured in the Financial Management application and used for managing the demand. | | Total planned benefit | Total benefit value rolled up from the benefit breakdown. | | Benefit in functional currency | Benefit incurred from the demand in functional currency. The value in this field changes if the Entered currency differs from the functional currency. | | Actual benefit | Actual benefit value rolled up from the actual benefit in the benefit breakdown. | | Recurring | Indicates if the benefit is recurring for each fiscal period in the benefit breakdown. | [Table 2. Financials section] {#monetary-benefit-plan-form-dw__table_svx_dn3_fdc}