Collecting Data
Last updated on 2024-12-12
Overview
You can use the Data collection area in Lucanet Lease Accounting to manually collect or import data on each of your lease relationships. These data include the names of the individual lessors, the lease contracts themselves and contract components. You can also reverse contract components whose numbers have already been added to the database.
The data are entered separately for each reporting entity, and used later when accounting the lease relationships. The Data Collection area contains the following workspaces:
Lucanet Lease Accounting can only be used for accounting of regular lease relationships in accordance with IFRS 16.3-4. Short-term and low-value leases are not included in the calculation.
As such, we recommend only using this software to record lease relationships that are categorized as regular per IFRS 16.3-4.