What is lessee in SAP FI-AA - Asset Accounting?

SAP Term: lessee

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The user of a leased asset.

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• Key Concepts: 
  In the context of SAP FI-AA Asset Accounting, a lessee is a customer who has leased an asset from a lessor. The lessee is responsible for making payments to the lessor for the duration of the lease agreement. The lessee is also responsible for maintaining and operating the asset in accordance with the terms of the lease agreement. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, the lessee is recorded in the system as a customer. The customer's details, such as name, address, and contact information, are stored in the system. The customer's lease agreement details, such as payment terms and duration of the lease, are also stored in the system. 
  
  Tips & Tricks: 
  When entering a new lessee into SAP FI-AA Asset Accounting, it is important to ensure that all of the customer's details are accurate and up-to-date. This will ensure that payments are made on time and that all lease terms are adhered to. 
  
  Related Information: 
  The lessee is one of two parties involved in a lease agreement. The other party is known as the lessor. The lessor is responsible for providing the asset to the lessee and receiving payments from them for the duration of the lease agreement.