Cost centers that have been created for reporting entities in Consolidation & Financial Planning (CFP) can be imported directly into Lucanet Lease Accounting. This feature ensures that your financial and lease data are interconnected, allowing for more comprehensive reporting and analysis.

Users with a standalone license for Lucanet Lease Accounting can create cost centers directly within Lease Accounting, rather than importing them. For details, see Creating Cost Centers in Lease Accounting.

The Cost Centers workspace in Lease Accounting displays all the cost centers that have already been imported from Lucanet Consolidation & Financial Planning:

Shows the 'Cost centers' workspace in Lucanet Lease Accounting with the 'Import from CFP' button and a table with the columns 'Name', 'OID', and 'Reporting entity', listing cost centers such as 'cost_center_2_demo_1' for the reporting entity 'Migration DEMO 1' and 'CostCenterA' for the reporting entity 'Reporting Entity A'. Highlighted in red is the 'Cost centers' item in the 'Settings' navigation.
The 'Cost Centers' Workspace

To import cost centers from Lucanet Consolidation & Financial Planning into Lease Accounting:

1

Click Import from CFP. The Import from CFP dialog is displayed:

Shows the 'Import from CFP' dialog in Lucanet Lease Accounting with the message 'If you click on the button 'Import from CFP' button, both reporting entities and cost centers will be imported from Lucanet Consolidation & Financial Planning.' and the 'Cancel' and 'Import from CFP' buttons.
'Import from CFP' dialog
2

Click Import from CFP to confirm the message and carry out the import.

Once the cost centers have been imported from Consolidation & Financial Planning, the cost centers will be displayed in the overview table.

To ensure that cost centers created or updated in Lucanet Consolidation & Financial Planning at a later date can be used in Lease Accounting, carry out a new import.

When another import is executed, only those cost centers that have been created or updated since the last import will be added.

Users with a standalone license for Lucanet Lease Accounting can create cost centers directly within Lease Accounting, rather than importing them.

To create a cost center in Lease Accounting:

1

Navigate to the Cost Centers workspace under Settings and click + Add cost center.

Shows the 'Cost centers' workspace in Lucanet Lease Accounting with the 'Add cost center' button and a table with the columns 'Name', 'Reporting entity', 'Creation date', 'Last modified by', and 'Date of last modification'. Highlighted in red are the 'Cost centers' entry in the 'Settings' menu and the 'Add cost center' button.
Adding a cost center
2

Specify whether the cost center is related to a reporting entity.

If yes, a Reporting entity field will appear. Select a reporting entity from the drop-down list.

Shows the 'Add Cost Center' form in Lucanet Lease Accounting with the toggle 'Is the cost center related to a reporting entity?' set to 'Yes', the 'Reporting entity' drop-down list, and the 'Name of the cost center' field. Highlighted in red is the toggle.
Cost center related to a reporting entity
3

Enter the name of the cost center.

4

Click Save, then Create in the Create Record dialog to add the cost center.

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