---
title: Configure multicurrency for projects
description: Select investment currency as an additional currency, which can be different from your functional currency, to manage financial records of your projects.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/project-workspace/config-investment-currency-pws-fin.html
release: australia
product: Project Workspace
classification: project-workspace
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Manage financials, Project Workspace, Project Portfolio Management, Strategic Portfolio Management]
---

# Configure multicurrency for projects

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://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-workspace/enable-benefitplans-pws-fin.md)
-   Role required: admin

## Procedure

1.  Navigate to **Workspaces** > **Project 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.


**Parent Topic:**[Managing financials for your projects](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-workspace/using-financials-prj-wrkspc.md)