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Glossary

Creating Accounting Areas in Lucanet Lease Accounting

Overview

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

An accounting area applies either to a specific reporting entity or to all reporting entities.

The following notes apply to accounting areas in Lease Accounting:

  • The Accounting areas workspace requires the Full access administrator or Settings administrator role (see User Roles).
  • Accounting areas are also available if you use Lease Accounting integrated with Consolidation & Financial Planning. Because Consolidation & Financial Planning has no accounting area dimension, Lease Accounting does not transfer accounting areas to Consolidation & Financial Planning.

The 'Accounting areas' Workspace in Lease Accounting

The Accounting areas workspace in Lease Accounting lists all accounting areas in a table and is displayed as follows, for example:

Shows the 'Accounting areas' workspace in Lucanet Lease Accounting with the 'Add accounting area' button and a table with the columns 'Name', 'Reporting entity', 'Creation date', 'Last modified by', and 'Date of last modification', listing accounting areas such as 'Demo_Accounting_Area_Global' and 'Demo_Accounting_Area'. Highlighted in red is the 'Accounting areas' entry in the 'Settings' menu.
The 'Accounting areas' workspace

Creating Accounting Areas in Lease Accounting

To create an accounting area in Lease Accounting:

1

Navigate to Settings | Accounting areas.

2

Click Add accounting area. The Add Accounting Area dialog is displayed:

Shows the 'Add Accounting Area' dialog in Lucanet Lease Accounting with the toggle 'Is the accounting area related to a reporting entity?' set to 'Yes', the 'Reporting entity' drop-down list with the value 'Accounting_Area_demo_RE - Accounting Area demo RE', and the 'Name of the accounting area' field.
The 'Add Accounting Area' dialog
3

Specify whether the accounting area is related to a reporting entity:

  • If Is the accounting area related to a reporting entity? is set to Yes, select the Reporting entity in the drop-down list. By default, the reporting entity you are signed into is selected.
  • If you set the toggle to No, the accounting area is available for all reporting entities.
4

Enter the Name of the accounting area.

5

Click Save. The accounting area is displayed in the Accounting areas table and can be assigned to contract components of the corresponding reporting entity.

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

Page IDKB5790788

Last updated on Oct 8, 2026

Table of Contents
OverviewThe 'Accounting areas' Workspace in Lease AccountingCreating Accounting Areas in Lease Accounting
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