Inflation Accounting
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How It Works
Eliminating the Impact of Inflation on Financial Statements
ESM Inflation Accounting is a solution that enables corrective actions to be taken, accounted, and reported within SAP systems to eliminate the effects of inflation on non-monetary financial statements. Inflation adjustments are made by applying a certain coefficient to the financial statements at the end of the accounting period (provisional tax periods and year-end).
The solution integrates seamlessly with the SAP Fixed Asset module, ensuring automatic inflation adjustments across financial statements.
Inflation adjustments are calculated and recorded automatically, with options for manual corrections to be posted directly to the main accounts.
Before posting, users can simulate inflation corrections and generate reports, offering flexibility and control over the adjustment process.
Key Benefits
Efficient, Automated, and Flexible Inflation Adjustment Solutions
Quickly generate reports for inflation adjustments, enabling fast and informed decision-making.
Automatic creation of accounting documents from inflation adjustments reduces manual input and errors.
Users can manually correct entries and choose which accounts to adjust, ensuring precision.