---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://www.servicenow.com/docs/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Create monetary benefit plans

# Create a monetary benefit plan for a demand {#ariaid-title1}

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

Create and manage monetary benefit plans to track potential monetary benefits during demand execution.

## Before you begin

Enable the monetary benefit plans for demands. For more information, see [Enable financial budget allocation for demands](https://www.servicenow.com/docs/YpFLEv8J_HGeIpV~hJeM3Q "Enable allocation property after migrating to Next Experience to work on budget allocation for your demands.").

Role required: it_demand_manager

## About this task

The monetary benefit plan breakdown records are automatically created when you save the benefit plan. The monetary benefit plan breakdown records specify the estimated and actual benefits at a granular level for specific
fiscal periods, such as FY16: M04 and FY16: M05. The Monetary Benefit Plan Breakdowns tab shows the aggregated benefits for estimated and actual benefits for each fiscal period for the demand.  
Note:  
Converting a demand to a project or EAP entity transfers the benefit plan from the demand to the target project or EAP entity.

## Procedure

1. Navigate to WorkspacesPortfolio Planning Workspace.
2. Select the Demands icon ![]().
3. Open a demand from the List page.
4. Create a monetary benefit plan using one of the following options.

   | Option | Procedure |
   | Using the Monetary Benefit Plans tab | 1. Select Details from the navigation menu. 2. Select the Monetary Benefit Plans tab. Note: If the Monetary Benefit Plans tab isn't visible, select MoreMonetary Benefit Plans. 3. Select New. {#create-and-manage-benefit-plans-ppw__ol_dhr_fmf_khc} |
   | Using the Financials page | 1. Select Financials from the navigation menu. 2. Select New monetary benefit plan from the More actions menu. {#create-and-manage-benefit-plans-ppw__ol_jgx_jmf_khc} |
   |-|-|

   {#create-and-manage-benefit-plans-ppw__choicetable_b1n_bmf_khc}
5. On the Benefit Plan form, complete the fields.  
   For a description of the field names, see [Monetary benefit plan form](https://www.servicenow.com/docs/UVdu0DWYvFY1GJjh9OmKYg "The benefit plan form enables you to create monetary benefit plans for a demand.").
6. Select Save.
{#create-and-manage-benefit-plans-ppw__steps_rzz_vmc_1kc}

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