--- sourceDocument: Australia Strategic Portfolio Management sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/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 March 12, 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 enables customers to specify and manage the estimated monetary benefits accrued by a demand over a fiscal period. This form is essential for tracking the financial impact of demands by capturing detailed benefit data aligned with fiscal timelines and currency considerations. Show full answer Show less ## Key Features * **Benefit Identification:** Define the benefit plan by name, associated demand, sponsor, and categorize benefits into hard (revenue-measurable) or soft (value-based) types with relevant subcategories and benefit types. * **Timing and Duration Controls:** Use the Offset type to determine when benefits start realizing relative to demand start or end dates. Adjusts automatically if demand dates change. Specify offset periods and duration in fiscal periods to control benefit timing precisely. * **Fiscal Period Management:** Set start and end fiscal periods either automatically or manually (if Offset type is None), with changes impacting the associated benefit breakdown values across periods. * **Financial Details:** Enter estimated benefit amounts and specify currencies. The form supports currency conversion between entered currency and the functional currency configured in Financial Management, ensuring accurate financial tracking. * **Benefit Tracking:** Track total planned benefits, benefits in functional currency, and actual benefits rolled up from detailed benefit breakdowns for fiscal periods. * **Recurring Benefits:** Option to mark benefits as recurring, indicating that the benefit applies for each fiscal period in the breakdown. * **Additional Context:** Associate non-monetary benefits and provide descriptive details for comprehensive benefit planning. ## Practical Use and Outcomes ServiceNow customers can leverage the Monetary Benefit Plan form to: * Precisely forecast and document financial benefits linked to demands, enabling better financial planning and demand management. * Automatically adjust benefit timing based on demand schedule changes, ensuring benefit plans remain aligned with project realities. * Manage multi-period benefits with clarity on start, duration, and recurrence to support accurate fiscal reporting. * Ensure currency consistency and accurate financial consolidation through currency conversion features. * Integrate monetary and non-monetary benefit tracking to provide a holistic view of demand value. By using this form, organizations can expect improved visibility into the financial impact of demands, enhanced financial management accuracy, and greater alignment between demand execution and benefit realization. Use the Monetary Benefit Plan form to specify the estimated benefit accrued by a demand for a fiscal period. {#monetary-benefit-plan-form__table_demand_benefit_plan_form__entry__2} | Field | Description | |-|-| | Name | Descriptive name of the benefit plan. | | Work | Demand number to which the benefit plan belongs. | | Sponsor | Sponsor for the demand. | | Category | Type of benefit: * Hard: Benefits that can be measured in terms of revenue. * Soft: Benefits that are measured in terms of value. {#monetary-benefit-plan-form__ul_ekd_dzl_qy} | | Sub category | Subcategories of hard and soft benefits. The selection in Category field determines the selections available in this field. | | Benefit type | Type of benefit. Select Monetary benefits. | | Offset type | Offset type field indicates when the benefits start realizing. If the value in the selected offset type changes, the benefit plan start date shifts accordingly. For example, if the offset type is set to End Date and the demand due date changes, the benefit plan start date shifts to match the new due date. | | Work start date | Start date of the demand. The field appears if you select Start Date in the Offset type field. | | Work end date | End date of the demand. The field appears if you select End Date in the Offset type field. | | Offset | Number of periods before or after the offset type when the benefit plan starts. For example, if the offset type is set to End Date and the offset is -2, the benefit plan is two periods before the demand end date. If the demand end date shifts, the benefit plan start date shifts to two periods before the new demand due date. | | Duration in periods | The length, in periods, of the benefit plan. | | Start fiscal period | Starting fiscal period. Populated based on values in the Offset field relative to the selected Project or Demand start date or Project 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 | Non-monetary benefit that is associated with this monetary benefit plan. | | Description | Description of the monetary benefit plan. | [Table 1. Monetary Benefit Plan form] {#monetary-benefit-plan-form__table_demand_benefit_plan_form} {#monetary-benefit-plan-form__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 is different from the default currency configured in the Financial Management application, the [budget reference rate](https://servicenow-prod.fluidtopics.net/ChM86RmiCjrvzZ2aTK6m6w "The support for use of multiple currencies provides conversions for budget items in different currencies.") is used to calculate the financial benefit of the demand. | | Functional currency | The default currency configured in the Financial Management application and used for managing the demand or project. | | Total planned benefit | Total benefit value that is rolled up from the benefit breakdown. | | Benefit in functional currency | Benefit incurred from demand in functional currency. The value in this field changes if the Entered currency is different from the functional currency. | | Actual benefit | Actual benefit value that is rolled up from the actual benefit in the benefit breakdown. | | Recurring | Check box to indicate if the benefit is recurring for each fiscal period in the benefit breakdown. | [Table 2. Financials section of the Monetary Benefit Plan form] {#monetary-benefit-plan-form__table_svx_dn3_fdc}