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Function documentation Leased Assets Locate the document in its SAP Library structure

Use

Leased assets create special accounting requirements for the lessee. During the term of the lease, leased assets remain the property of the lessor or manufacturer. They represent, therefore, a special form of rented asset. Such assets are legally and from a tax perspective the responsibility of the lessor, and are not relevant for assessing the value of the asset portfolio of the lessee. However, in certain countries, you are nonetheless required to capitalize leased assets, depending on the type of financing.

Features

Valuation Methods for Leased Assets

The result is that there are two different methods for handling the bookkeeping for leased assets, depending on legal requirements and the conditions of the lease. You must capitalize and depreciate certain leased assets (capital lease). Others are handled as periodic rent expense, and flow into the Profit and Loss statement (operating lease). See Leased Assets

Master Data

To use these methods, you must enter all the essential leasing contract information in the asset master record. In addition, you can assign a leasing type in the asset master record. You define the leasing type in FI-AA Customizing. The leasing type contains all the information for the acquisition posting. You post the acquisition in the display transaction for asset master records (in the master record screen for lease specifications: Opening entry).

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