Creating Profit Centers

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

Profit centers are a master data dimension in Lucanet 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.

A profit center applies either to a specific reporting entity or to all reporting entities. In addition, you can relate a profit center to a cost center.

The

Profit centers

workspace requires the

Full access administrator

Settings administrator

role (see

User Roles

Profit centers are also available if you use Lucanet Lease Accounting integrated with Consolidation & Financial Planning. Because this dimension does not exist there, profit centers are not transferred to Consolidation & Financial Planning.

The Profit centers workspace lists all profit centers in a table and is displayed as follows, for example:

Displays the Profit centers workspace with the table of existing profit centers and the Add profit center button. — The 'Profit centers' workspace

To create a profit center:

Navigate to Settings | Profit centers.

Click Add profit center. The Add Profit Center dialog is displayed:

Displays the Add Profit Center form with the reporting entity toggle, the reporting entity and related cost center drop-down lists, and the name field. — The 'Add Profit Center' form

Specify whether the profit center is related to a reporting entity:

Is the profit center 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

, the profit center is available for all reporting entities.

If applicable, select a Related cost center. The drop-down list offers the cost centers that are available for all reporting entities as well as the cost centers of the selected reporting entity.

Enter the Name of the profit center.

Click Save. The profit center is displayed in the Profit centers 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.

Last updated on Sep 2, 2026

Overview

The 'Profit centers' Workspace

Creating Profit Centers

Overview

The 'Profit centers' Workspace