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SAP Conference Overview

Overview

Extension Ledger for Predictive Accounting

Description

The Extension ledger was introduced with 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 S/4HANA 1809, SAP introduced the Prediction and Commitment Extension Ledger, which enables the posting of Sales Orders (before delivery or billing) to the Universal Journal to aid Revenue and profitability Forecasting (which is traditionally accomplished in Costing Based CO-PA, using Record Type A). This Prediction Ledger can also be used (with limited functionality) for Purchase Order Commitment management.

Attend this session to learn:

  • The different types of Extension Ledgers and what they can be used for
  • The difference between Predictive Analytics and predictive accounting
  • How to Set up the Extension Ledger for Prediction and Commitments
  • How the Extension Ledger works with Sales Order postings
  • How the Extension Ledger works with Purchase Order postings

Speaker
Paul Ovigele

Paul Ovigele founded the consulting platform ERPfixers. He has worked as an ERP financials consultant since 1997 in both North America and Europe, specializing in implementing the Financial Accounting and Controlling modules along with their integrated areas for companies in industries such as consumer goods, chemicals, logistics, pharmaceuticals, apparel, and entertainment. Paul has delivered numerous training sessions to finance professionals at both the functional and managerial levels and has presented at various SAP financials conferences worldwide. Paul is also the author of 100 Things You Should Know About Financial Accounting with SAP (2011) and Reconciling SAP COPA to the General Ledger (2014), and Material Ledger in SAP S/4HANA 2nd Edition (2022).
 

Contact
» Phone: +1 (619) 254-5002