What is predictive journal entry in SAP FI-PRA - Predictive Accounting?

SAP Term: predictive journal entry

• Component: FI-PRA

• Component Name: Predictive Accounting

• Description: Financial Accounting FI A forecast of the amount to be posted in the underlying ledger for a business transaction that has not yet taken place. Predictive journal entries are posted in an extension ledger, the prediction ledger.

Smart SAP Assistant

• Key Concepts: 
  Predictive journal entry is a feature of the FI-PRA Predictive Accounting component of SAP. It allows users to automatically generate journal entries based on predictive analytics. This helps to reduce manual data entry and improve accuracy. 
  
  How to use it: 
  To use predictive journal entry, users must first set up the predictive analytics model. This includes defining the parameters for the model, such as the type of data to be used and the desired accuracy level. Once the model is set up, users can then generate journal entries based on the predictions made by the model. 
  
  Tips & Tricks: 
  When setting up the predictive analytics model, it is important to ensure that all relevant data is included in order to get accurate predictions. Additionally, it is important to regularly review and update the model in order to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information about predictive journal entry, please refer to SAP's documentation on FI-PRA Predictive Accounting. Additionally, there are many online resources available that provide tutorials and tips for using this feature.