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Key Takeaways What you need to know
  1. Predictive accounting enables you to take the most up-to-date data from SAP S/4HANA modules outside of Finance.

  2. Predictive accounting can be used in processes such as Sales Orders, Purchase Orders, Synchronous Web Services and Travel. Expense management

  3. Extension ledgers can be used for manual adjustments, simulating foreign currency valuation and storing predictive accounting information.

The Extension Ledger was introduced with SAP S/4HANA to enable postings to be made that do not affect the main ledger. Use cases for Extension Ledger include the creation of what-if postings for scenarios such as the introduction of a new product and the simulation of foreign currency valuation using an exchange rate prior to month-end. In the release of SAP S/4HANA 1809, SAP introduced the prediction and commitment Extension Ledger, which enables you to take the most up-to-date data from areas in SAP S/4HANA outside of finance, such as sales, purchasing, and other integrated products, such as SAP Concur; or external systems, and use it to predict future results at any time.

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