What is leased asset in SAP FI-AA - Asset Accounting?

SAP Term: leased asset

• Component: FI-AA

• Component Name: Asset Accounting

• Description: An asset that has not been bought, but is leased from the manufacturer or leasing company. These assets are different from normal leased assets, depending on the terms of the lease, primarily in regard to how they are shown in the balance sheet. In certain circumstances, leased assets have to be capitalized by the lessee. The SAP System provides the capital lease procedure for this purpose.

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• Key Concepts: 
  Leased asset is an asset that is owned by a third party and leased to a company for a certain period of time. The company is responsible for the maintenance and upkeep of the asset during the lease period. The leased asset is recorded in the company’s books as an asset, and the lease payments are recorded as liabilities. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, leased assets are managed in the same way as other assets. The leased asset is recorded in the company’s books as an asset, and the lease payments are recorded as liabilities. The depreciation of the leased asset is calculated in the same way as other assets. 
  
  Tips & Tricks: 
  When recording a leased asset in SAP FI-AA Asset Accounting, it is important to ensure that all relevant information about the lease agreement is captured accurately. This includes details such as the start date, end date, and payment terms of the lease agreement. 
  
  Related Information: 
  For more information on how to manage leased assets in SAP FI-AA Asset Accounting, please refer to SAP Help documentation or contact your local SAP support team.