Reporting

Using Predictive Accounting in S/4HANA Finance

Using Predictive Accounting in S/4HANA Finance

Predictive accounting enables you to take the most up-to-date data from areas in S/4HANA outside of Finance, such as Sales; other integrated products, such as SAP Concur; or external systems, and use it to predict future results at any time. You then have a better understanding of what your accounting results, at the end of the current period or quarter, might look like, and why. 

Using the postings in the prediction ledger, along with the actual data from the underlying ledger, you can predict future figures, such as the revenue forecast for one product. It is also possible for you to see a report of all line items for one product. You can display and analyze the data in detail but also at a higher level, for example, in a financial statement. Since all postings, such as expenses or revenues, both actual and predicted, are stored in one place, the universal journal, you can drill down from your profit and loss statement or your balance sheet to the individual journal entries in the general ledger and display the corresponding line items.