What is obsolete reason in SAP FI-PRA - Predictive Accounting?

SAP Term: obsolete reason

• Component: FI-PRA

• Component Name: Predictive Accounting

• Description: A value to show if a predictive journal entry is still relevant for reporting and analysis about future periods. At the beginning of the predictive accounting process, predictive journal entries that are newly created to predict future values have no obsolete reason. The predictive journal entries are relevant for reporting. Later in the process, after the actual journal entries are created in the underlying ledger, the obsolete reason for the corresponding predictions changes to show that they are no longer relevant for reporting and analysis.

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• Key Concepts: 
  Obsolete reason is a term used in the FI-PRA Predictive Accounting component of SAP. It is a code that is used to indicate why an accounting document has become obsolete. This code is used to help identify and track the reasons why an accounting document has become obsolete. 
  
  How to use it: 
  In order to use the obsolete reason code, you must first enter the code into the system. This can be done by navigating to the FI-PRA Predictive Accounting component and selecting the “Obsolete Reason” option. Once you have entered the code, it will be stored in the system and can be used to identify and track the reasons why an accounting document has become obsolete. 
  
  Tips & Tricks: 
  When entering an obsolete reason code, it is important to ensure that it is accurate and up-to-date. This will help ensure that the system is able to accurately track and identify the reasons why an accounting document has become obsolete. Additionally, it is important to keep track of any changes that are made to the code in order to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on how to use the obsolete reason code in SAP, please refer to the SAP Help documentation or contact your SAP support team. Additionally, there are a number of online resources available that provide additional information on how to use this feature in SAP.