Creating and Configuring Reporting Entities

Last updated on 2025-07-08

Overview

Reporting entities are elements to which postings can be made. Reporting entities are used as organization units when setting up group structures.

This article contains the following sections:

Creating Reporting Entities

To create a reporting entity:

  1. Right-click a folder and choose Create | Reporting entity from the context menu. The Create Reporting Entity dialog is displayed:

    Create a reporting entity
  2. Specify the name of the element. 
  3. Choose the start of the fiscal year from the drop-down list.
  4. Choose the default currency in the drop-down list, in which the transactions of the reporting entity are to be executed.
  5. Click Save.
Configuring Reporting Entities
The dialog for editing a reporting entity is displayed.
Edit a reporting entity

To configure a reporting entity:

  1. Click a reporting entity in the tree view.
  2. Click Edit at the top right to open the editing mode.

When configuring a reporting entity, the following options are available:

Option

Description

Start of the fiscal year

If necessary, choose a new start of the fiscal year

Default currency

The currency, in which the transactions of the reporting entity are to be executed.

Partner

Assignment to one or more partners

The assigning of partners to reporting entities takes place in the detail view of the respective partner (see section Creating and Configuring Partners).

Cost centers tab

If no default cost center has been created yet, a default cost center can be created via the Create default cost center link.

Currency translation tab

Allows you to add exchange rates

All the exchange rate tables that have been created in the Currency translation workspace can be selected (see Creating and Configuring Exchange Rate Tables).

The The changes shown in red will take effect only after exporting and importing the database message is displayed when adding and deleting exchange rate tables. This means the changes are not activated until you reimport the current database. If necessary, contact your Lucanet administrator.

Carry forward account tab

  • Specify an account and a transaction type for the cancellation of the carry forward during when importing cumulative balances.
  • If necessary, activate the check box Activate historical exchange rate translation,to activate the automatic translation of historical exchange rates for the next balance import. This option is only available if at least one active exchange rate table is assigned to the reporting entity.