Before you can perform your planning in Lucanet Consolidation & Financial Planning, the required objects must be created and configured in Lucanet. The required objects can be created in any order. However, because the objects are built upon each other and interconnected, we recommend following the sequence of steps outlined.
1
Creating Prerequisites
The organization and structure of your enterprise determine the elements that must be created in order to recreate your enterprise structure. Before you start planning, you must first create the necessary prerequisites on the CFO Solution Platform. These include:
Display the accounting structure of your enterprise. Which elements need to be created depends on the structure of your company:
Create one or more subledgers and the corresponding items, accounts, and references (see Creating and configuring a subledger).
Statistical ledgers
Create one or more statistical ledgers and the corresponding items, accounts, and references (see Creating and configuring a statistical ledger).
Schedules
If necessary, create the required schedules (see Creating and configuring schedules).
Define your organization structure:
Reporting entities
In the Reporting entities workspace, create objects to which postings can be made in Lucanet, i.e., reporting entities, cost center groups, cost centers as well as subtotals and totals (see Reporting Entities).
Organization elements
In the Organization elements workspace, map the structure of your organization using references to reporting entities, cost centers, and cost center groups (see Organization Elements).
In Lucanet, one-sided postings can be made using Sheets or Excel. However, since postings in Lucanet can only be saved if the credit side matches the debit side, an automatic contra entry must be made at the same time in case of a one-sided posting. This is done by the system using accounting rules defined for the corresponding accounts in the Accounting rules workspace (see Accounting Rules).
5
Defining Period Locks
Define the corresponding period locks in the Period locks workspace to ensure that planning can be carried out with the relevant postings (see Period Locks).