
Lease-In Accounting - Group Ledger IFRS (21P)
Lease contracts describe contractual agreements between two partners: the lessor and the lessee. The lessor is the owner of an asset, whereas the lessee has a right to use this asset during the period agreed in the lease contract. For the use of the asset, the lessee must pay lease payments, which are agreed upon in the lease contract.
This scope item helps you standardize and automate your lease-in credit contract management activities for real estate, as well as for machinery, equipment, vehicles, computer hardware.
You can easily create new contracts, execute periodic postings for existing contracts, and execute valuation postings for existing contracts.
You can run reports of your existing contracts as part of your daily business.
You can create reminder rules for every contract, for example to check the contract conditions, the contract term, or the renewal options, saving you time and effort and freeing up capacity for more strategic tasks.
Key Process Steps Covered
- Create contract
- Maintain contract
- Make adjustments
- Integrate SAP S/4HANA and C4RE
- Edit valuation rule
- Perform periodic posting contract
- Post contract valuation
- Change supplier
- Report contract
- End contract
- Perform administration tasks
Benefits
- Accelerate leasing processes
- Standardize and automate your recurring lease administration activities
- Gain full control and visibility of leases and critical dates
- Monitor critical dates on your leases, such as lease notifications and renewals
- Improve decision making
- Help ensure compliance to the latest financial reporting standards, like the new lease accounting standard IFR16
Where is Lease-In Accounting - Group Ledger IFRS(21P) being used?
This Scope item is used in the following way:
- As a support function of Advanced Accounting and Financial Close within Finance Scope Item Group
- As a management function of Real Estate Management within Finance Scope Item Group
No Process Flow details available for scope item Lease-In Accounting - Group Ledger IFRS(21P)-s4h-2021
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA
- Best Practices of SAP S/4HANA On Premise *1
- Best Practices of SAP S/4HANA Cloud *2
- Best Practices of SAP Analytics Cloud *2
- Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered: