SAP BLOG Configuration of Lease Accounting

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22 Ara 2017
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Hello Readers,

Greetings!!

I am here writing blog about not so common yet useful process of Lease accounting.

Starting with brief over-view about the process of Lease accounting.

Leased asset remains property of the lessor. They are special form of rented asset.This blog covers how Lessee can handle Leased asset in FI-AA.

This configuration is from the point of view of Lessee. There are two type of leasing.

  1. Capital Lease
  2. Operating Lease

Capital lease is shown in balance sheet and operating lease is treated as expense and not shown in balance sheet. Configuration steps are same for both, the difference arrive while settling the asset. Configuration is covered in this blog and other process will be covered in part 2.

im-1.png


Steps





1. Configuration

1.1 Create Account Determination


SPRO – Financial Accounting (NEW)- Asset Accounting – Organisation Structure-Asset Classes-Specify Accounting Determination

1.1.png


Account determination of Lease account

1.2 Create screen layout


SPRO – Financial Accounting (NEW)- Asset Accounting – Organisation Structure-Asset Classes- create Screen Layout

1.2-1.png


Screen layout for Lease account

1.3 Make number range


SPRO- Financial Accounting (NEW)- Asset Accounting – Organisation Structure-Asset Classes-define number range interval (AS08)

1.3-1.png


Number range for Lease asset

1.4 Create Asset class (OAOA)


SPRO- Financial Accounting (NEW)- Asset Accounting – Organisation Structure-Asset Classes-Define Asset Class

Make new Asset class and assign account determination, number range and screen layout

1.4-1.png


enter detail as mention in screenshot



1.5 Creation of account –FS00


1.6-1.png


Create GL accounts

1.6 Integration of account (AO90)


SPRO-Financial Asset-Asset Accounting-integration with GL account- Assign GL Account



1.7-1.png


Assign the GL accounts

1.7a.png


Enter GL accounts for depreciation


1.7b.png


Enter account for interest paid



1.7 Determine Depreciation Area (OAYZ)


1.8.png


Maintain depreciation area

1.8Field status for leasing tab in Asset Master


SPRO-Financial Asset-Asset Accounting-Master data- Screen layout- Define Screen layout for Asset master



1.9a.png


























Choose Lease asset Screen layout

1.9b.png


Click on Leasing field

1.9c.png


Select optional for all field



2 Activate interest calculation

2.1 Depreciation area


Asset Accounting – Integration with the General Ledger – Define How Depreciation Areas Post to General Ledger

2.1-a.png


Click on Book depreciation area

2.1-b.png


Select all values allowed in Interest tab



2.2 Depreciation Area Posting


Asset Accounting – Integration with the General Ledger – Post depreciation to the General Ledger – Specify Intervals and Posting Rules

2.2-a.png


Select the Company code

2.2-b.png


Tick on post interest



2.3 Specify Allowed Depreciation Types for Depreciation Areas- OABZ


Asset Accounting (Lean Implementation) – Organizational structures – Depreciation Areas – Specify Allowed Depreciation Types for Depreciation Areas

2.3.png


Tick on interest tab



3. Creation of Asset Master data and Acquisition process


3.1a.png


Create Asset (AS01)

3.1b.png


Write description

3.1c.png


Go to Leasing tab

3.1d.png


Enter useful life same as mention in agreement

3.1e.png


Open AS03

3.1f.png


Click on opening posting and post the document

3.1g.png


Go to FB03



This is the Brief process of Lease Accounting in FI-AA. I hope y’all find the information useful. Your inputs are welcome.



Regards

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