Basic Configuration for Lease Accounting

Documentation

Getting Started

Global Functions

Lucanet Lume

Administration

Data Hub

Consolidation & Financial Planning

Lease Accounting

General Functions in Lease Accounting

User Roles in Lease Accounting

All Steps at a Glance

Basic Configuration for Lease Accounting

Importing and Configuring Reporting Entities

Creating and Configuring Asset Classes

Creating and Configuring Interest Rates

Creating or Importing Cost Centers

Creating Profit Centers

Creating Accounting Areas

Creating Business Units

Posting Configurations

Migrating Data

Selecting a Lessee

Collecting Data

Categorizing Components

Calculating Data

Saving Postings

Reversing Postings

Exporting Reports and Postings

Importing Postings into Consolidation & Financial Planning

Extended Planning & Analysis (xP&A)

ESG Reporting

Disclosure Management

XBRL Tagger

Tax Compliance & Reporting

Banking & Cash Management

Data Collection

Glossary

Before you can start accounting for your leases in Lucanet Lease Accounting, you will need to configure a few basic settings in the Settings area. These settings will form the foundation for your subsequent use of the solution.

The basic configuration of Lease Accounting comprises the following settings:

Creating and configuring reporting entities

: In Lease Accounting, a lessee is the party who receives the right to use an asset under the conditions of a lease contract. Leases are recorded separately for each lessee.

Creating and configuring asset classes

: In Lease Accounting, an asset class is a group of assets that have similar characteristics and are subject to the same accounting treatment.

Creating and configuring interest rates

: In Lease Accounting, interest rates are used to calculate the current value of lease payments.

Creating or importing cost centers

: Cost centers that have been created for reporting entities in Consolidation & Financial Planning can be imported directly into Lease Accounting.

Creating profit centers

: Profit centers are a master data dimension in Lease Accounting. You can assign a profit center to a contract component in the

General information

tab and aggregate the

Account balance

report by profit center.

Creating accounting areas

: Accounting areas are a master data dimension in Lease Accounting. You can assign an accounting area to a contract component in the

General information

tab.

Creating business units

: Business units are a master data dimension in Lease Accounting, in addition to cost centers, profit centers, and accounting areas. You can assign a business unit to a contract component in the

General information

tab.

Posting configurations

: The

Posting configurations

workspace in Lease Accounting provides essential system-wide settings that establish the foundational parameters for your lease accounting processes. In the workspace, you define the start of fiscal year and the transition date, and you view and upload the transaction plan that determines which accounts Lease Accounting uses for postings.

Migrating data

: The

Migration

workspace lets you move your existing lease portfolio from the IFRS 16 script into Lease Accounting.

The first time you open Lease Accounting, the warning icon appears next to Posting configurations, Reporting entities, and Asset classes in the Settings menu until each section is set up. The icon disappears automatically once the section contains data — for example, after you save the posting configurations, import or create a reporting entity, or create an asset class.

This content was generated using AI and reviewed by Lucanet subject matter experts before publication.

Page IDKB0320717

Last updated on Nov 4, 2026

Overview

Basic Configuration for Lucanet Lease Accounting

Overview

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Basic Configuration for Lucanet Lease Accounting

Overview

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