What is leased object in SAP FI-AF-LCA - Lessee Contract Management and Accounting?

SAP Term: leased object

• Component: FI-AF-LCA

• Component Name: Lessee Contract Management and Accounting

• Description: Leased objects are capital goods that are leased as part of a lease. A lease can contain one or more leased objects. A leased object groups together the posting-relevant attributes of capital goods. Examples of such attributes are term of the contract, conditions, classification, and options. Leased objects are classified using leased object classes.

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• Key Concepts: 
  A leased object is an asset that is leased to a customer for a specified period of time. It is managed and accounted for in the SAP system using the FI-AF-LCA Lessee Contract Management and Accounting component. This component allows users to manage the entire lifecycle of a leased object, from contract creation to contract termination. 
  
  How to use it: 
  The FI-AF-LCA Lessee Contract Management and Accounting component allows users to create and manage leased objects in the SAP system. This includes creating contracts, setting up payment schedules, tracking payments, and managing the termination of contracts. The component also provides reporting capabilities to track the performance of leased objects over time. 
  
  Tips & Tricks: 
  When creating a contract for a leased object, it is important to ensure that all relevant information is included in the contract. This includes the duration of the lease, payment terms, and any other conditions that may apply. Additionally, it is important to ensure that all payments are tracked accurately in order to avoid any potential issues with late payments or missed payments. 
  
  Related Information: 
  For more information on how to use the FI-AF-LCA Lessee Contract Management and Accounting component, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide detailed tutorials on how to use this component.