Using the Prediction and Commitment Extension Ledger for Sales and Purchase Orders

WALK AWAY FROM THIS SESSION WITH AN UNDERSTANDING OF THE PREDICTION AND COMMITMENT EXTENSION LEDGER FOR SALES AND PURCHASE ORDERS PAGE.

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.

Watch this webcast with FI/CO expert Paul Ovigele to learn:

· The different types of Extension Ledger 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