Lease-Out for Sublease Accounting - Group Ledger US GAAP (34O)

Lease-Out for Sublease Accounting - Group Ledger US GAAP (34O)

Lease contracts describe contractual agreements between two partners: the lessor and the lessee. The lessor owns an asset, whereas the lessee has a right to use this asset during the period agreed in the lease contract. The lessee pays lease payments for the use of the asset, as agreed upon in the lease contract.

This scope item helps you standardize and automate your lease-out debit contract management activities for Real Estate, Machinery, Equipment, Vehicles, and Computer Hardware.

You can easily create new contracts and execute periodic postings for existing contracts.

You can change the customer of an existing contract, as well as run a report of existing contracts as part of your daily business.

Leveraging the reporting functions enables you to make better and more informed lease management decisions.

Key Process Steps Covered

  • Create contract
  • Maintain contract
  • Make adjustments
  • Integrate SAP S/4HANA and C4RE
  • Perform periodic posting contract
  • Change customer
  • 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
  • Ensure compliance with the latest financial reporting standards, such as the new lease accounting standards IFR16 and FASB ASC 842

Additional Information

  • This scope item requires an additional SAP S/4HANA Cloud license
  • This scope item is excluded from the default activation

All starter, demo, and trial systems are by default setup with group ledger IFRS. This scope item is therefore excluded.  Customers can decide to use this scope item in the Q- and P-system based on the selected scope bundle.


Where is Lease-Out for Sublease Accounting - Group Ledger US GAAP(34O) 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-Out for Sublease Accounting - Group Ledger US GAAP(34O)-s4hc-2111
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
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