---
title: "All Steps at a Glance - Planning"
description: "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 on this page."
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/all-steps-planning1
language: en
last_updated: 2023-08-16
---
# All Steps at a Glance - Planning

## 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.

{% process-steps %}
{% process-step title="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:

{% accordion %}
{% accordion-item title="Creating Accounting Structures" %}
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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/report-analyze/elements-ledgers-schedules.md)).

**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).
{% /accordion-item %}
{% accordion-item title="Defining the Organization Structure" %}
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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/reporting-entities.md)).

**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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/organization-elements.md)).
{% /accordion-item %}
{% accordion-item title="Optional: Configuring Currency Translation" %}
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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/currency-translation/create-configure-currency.md)) and define exchange rate tables for the currencies (see [Creating and Configuring Exchange Rate Tables](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/currency-translation/create-configure-exchangerate-table.md)).
{% /accordion-item %}
{% /accordion %}

Once you have created all the necessary prerequisites for your company, you can proceed with the planning as follows:
{% /process-step %}
{% process-step title="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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/data-levels/create-configure-planning-datalvls.md)).
{% /process-step %}
{% process-step title="Defining Adjustment Level(s)" %}
Define the adjustment levels for planning in the **Adjustment levels** workspace (see [Creating and Configuring Adjustment Levels](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/adjustment-levels.md)).
{% /process-step %}
{% process-step title="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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/accounting-rules.md)).
{% /process-step %}
{% process-step title="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](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/imports-journals/configure-period-locks.md)).
{% /process-step %}
{% process-step title="Carrying out Planning" %}
Carry out planning by:

- Using Sheets (see [Plannning Using Sheets](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/planning-sheets.md))
- Using planning wizards (see [Planning Using Planning Wizards](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/planning-wizards.md))
- Creating manual postings (see [Creating and Configuring Postings in Journals](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/imports-journals/journale/create-configure-posting-reporting-entity.md))
- Importing data (see [Planning Using CFP Add-in for Excel 365](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/planning-excel-add-in.md))
{% /process-step %}
{% process-step title="Displaying Planning Data" %}
Visualize your planning data by:

- Configuring the [display of the general ledger or subledger](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/report-analyze/display-ledgers-schedules.md)
- Using views (see [Creating a View](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/report-analyze/views-ledgers-schedules/create-configure-views.md))
- Using the dimension bar (see [Dimension Bar](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/report-analyze/display-ledgers-schedules/configure-dimension-bar.md))
{% /process-step %}
{% /process-steps %}