--- 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 allows you to create and manage monetary benefit plans linked to specific demands. This form helps you define, categorize, and track financial benefits associated with demands, aligning them with fiscal periods and various financial metrics. It is essential for planning and forecasting the financial impact of demands within your organization. Show full answer Show less ## Key Features * **Name and Association:** Name the benefit plan and link it automatically to the related demand and its sponsor. * **Benefit Classification:** Categorize benefits as Hard (revenue-based) or Soft (value-based), with subcategories depending on the chosen category. * **Benefit Type:** Select between monetary and non-monetary benefits. * **Offset Type and Fiscal Periods:** Define when benefits start realizing using offset types such as None, Milestone, Start Date, or End Date. Adjusting offset types shifts the benefit plan's start date accordingly. Set starting and ending fiscal periods, which dynamically update associated benefit breakdown values. * **Financial Details:** Enter estimated benefit amounts, specify the currency, and handle currency conversions using budget reference rates when different from the functional currency. Track total planned benefits, benefits in functional currency, and actual benefits as they accrue. * **Recurring Benefits:** Indicate if the benefit recurs in each fiscal period, ensuring accurate ongoing financial planning. * **Description:** Provide a summary to clarify the purpose and details of the benefit plan. ## Key Outcomes * Enables precise financial planning and tracking of benefits derived from demands. * Supports multi-currency management and automatic updates of financial breakdowns based on fiscal periods and offsets. * Helps align benefit realization dates with demand milestones, improving forecasting accuracy. * Facilitates differentiation between revenue-driven and value-driven benefits for comprehensive financial insights. * Allows monitoring of both planned and actual benefits to assess demand impact over time. The benefit plan form enables you to create monetary benefit plans for a demand. {#monetary-benefit-plan-form-ppw__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-ppw__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-ppw__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-ppw__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-ppw__table_demand_benefit_plan_form} {#monetary-benefit-plan-form-ppw__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://servicenow-prod.fluidtopics.net/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-ppw__table_svx_dn3_fdc}