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Former Member
Apr 05, 2011 at 06:34 AM

Assets taken on lease but Ownership rests with the vendor



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