Basic Configuration for Lease Accounting

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 will form the foundation for your subsequent use of the solution. These comprise:

• Creating and configuring reporting entities so they can be selected as lessees
• Creating and configuring asset classes so they can be used for interest rates and to categorize lease components
• Creating and configuring interest rates so they can be used to calculate lease payments correctly
• Creating or importing cost centers so they can be linked to your financial data