All Steps at a Glance - Planning

Last updated on 2025-07-08

Overview

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.

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:

Items and accounts in the general ledger

Create the items and accounts for the general ledger (see Elements in Ledgers and Schedules).

Subledgers

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).

If the transactions in your company can be carried out in different currencies, you must first create the possible transaction and display currencies (see Creating and Configuring currencies) and define exchange rate tables for the currencies (see Creating and Configuring Exchange Rate Tables).

Once you have created all the necessary prerequisites for your company, you can proceed with the planning as follows:

Defining Planning Data Level(s)

Define the planning data levels containing the planning figures in the Data levels workspace (see Creating and Configuring Planning Data Levels).

Defining Adjustment Level(s)

Define the adjustment levels for planning in the Adjustment levels workspace (see Creating and Configuring Adjustment Levels).

Defining Accounting Rules

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).

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).