---
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


---

# How to configure multicurrency

# Configure multicurrency for projects {#ariaid-title1}

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

Select investment currency as an additional currency, which can be different from your functional currency, to manage financial records of your projects.

## Before you begin

* You can define investment currency for projects which do not have any financials records, such as cost plans, expense lines, benefit plans, and actual benefits. To define a investment currency for existing work, you should delete all the financial records and configure the investment currency.
* [Enable monetary benefit plans for projects](https://www.servicenow.com/docs/NXp_7etGttVrlIfHe8_n1g "Enable the benefit plans property to create and manage benefit plans for planning items.")
* Role required: admin
{#config-investment-currency-pws-fin__ul_vhl_1lf_khc}

## Procedure

1. Navigate to WorkspacesProject Workspace and select a project.
2. Select the Financials tab.
3. Select Currency field, and select the Edit investment currency option.  
   Edit investment currency modal is displayed with an option to select investment currency.
4. Choose the suitable investment currency from the Investment currency list.
5. Select Confirm to save the investment currency selection.

*[\>]: and then