Basic Configuration for Lease Accounting

Getting Started

Global Functions

Lucanet Lume

Data Hub

Administration

Extended Planning & Analysis (xP&A)

Consolidation & Financial Planning

ESG Reporting

Disclosure Management

XBRL Tagger

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

General 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

Banking & Cash Management

Data Collection

Tax Compliance & Reporting

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 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

The first time you open Lease Accounting, a warning icon appears next to General 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 general configurations, import or create a reporting entity, or create an asset class.

Warning icons in the 'Settings' menu

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

Last updated on May 1, 2026

Overview

Basic Configuration for Lease Accounting

Overview

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Basic Configuration for Lease Accounting

Overview

Table of Contents

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