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Glossary

Creating Profit Centers in Lucanet Lease Accounting

Overview

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 following notes apply to profit centers in Lease Accounting:

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

The 'Profit centers' Workspace in Lease Accounting

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

Shows the 'Profit centers' workspace in Lucanet Lease Accounting with the 'Add profit center' button and a table with the columns 'Name', 'Reporting entity', 'Related cost center', 'Creation date', 'Last modified by', and 'Date of last modification', listing profit centers such as 'Profit center without RE' with the related cost center 'cost center without RE'. Highlighted in red is the 'Profit centers' entry in the 'Settings' menu.
The 'Profit centers' workspace

Creating Profit Centers in Lease Accounting

To create a profit center in Lease Accounting:

1

Navigate to Settings | Profit centers.

2

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

Shows the 'Add Profit Center' form in Lucanet Lease Accounting with the toggle 'Is the profit center 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', the 'Related cost center' drop-down list, and the 'Name of the profit center' field.
The 'Add Profit Center' form
3

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

  • If 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 No, the profit center is available for all reporting entities.
4

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.

5

Enter the Name of the profit center.

6

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.

Page IDKB2160734

Last updated on Oct 8, 2026

Table of Contents
OverviewThe 'Profit centers' Workspace in Lease AccountingCreating Profit Centers in Lease Accounting
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