What is initial direct costs in SAP FI-AF-SAI - Simplified Accounting Integration?

SAP Term: initial direct costs

• Component: FI-AF-SAI

• Component Name: Simplified Accounting Integration

• Description: Incremental costs that occur as a result of efforts for obtaining a lease. These are costs that would not have been incurred if the lease had not been acquired. Examples of such costs include legal fees or commissions.

Smart SAP Assistant

• Key Concepts: 
  Initial direct costs are costs that are incurred when a company first acquires an asset. These costs include the purchase price of the asset, any taxes or fees associated with the purchase, and any other costs associated with the acquisition of the asset. 
  
  How to use it: 
  The FI-AF-SAI Simplified Accounting Integration component of SAP allows companies to track and manage their initial direct costs. This component allows companies to record the purchase price of an asset, as well as any taxes or fees associated with the purchase. It also allows companies to track any other costs associated with the acquisition of the asset, such as installation or delivery fees. 
  
  Tips & Tricks: 
  When recording initial direct costs in SAP, it is important to ensure that all relevant information is accurately recorded. This includes the purchase price of the asset, any taxes or fees associated with the purchase, and any other costs associated with the acquisition of the asset. 
  
  Related Information: 
  The FI-AF-SAI Simplified Accounting Integration component of SAP also allows companies to track and manage their ongoing maintenance and repair costs for assets. This includes tracking any repairs or maintenance that is required for an asset, as well as any associated costs.