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Former Member
Apr 05, 2011 at 06:34 AM

Assets taken on lease but Ownership rests with the vendor

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Hi

My Company has taken many assets on lease from various vendors(xerox machine,Air conditioner ,machinery etc) for which the company pays rent on a monthly basis.Such assets are not capitalized by the company nor follows the lease accounting concept as the ownership is with the vendor.The company just requires to track such assets on a statistical basis in SAP .

Is there a way out in SAP where we can statistically track such assets with the location info etc. just like an asset register

Thanks and Regards

Ajit Ravindran