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Glossary

Reversing Components in Lucanet Lease Accounting

Overview

Reversing components in Lucanet Lease Accounting resets them to their original state, i.e. how they were before the components’ calculated values were first entered in the database.

Reversing a component in Lease Accounting has the following consequences:

  • All changes made between when the component was created and when the calculated values were saved in the database for the first time will remain in place.
  • All calculated saved values will be archived.
  • All recorded component events (e.g. modifications or revaluations) will be deleted.
  • All postings that have been saved but not yet exported will be deleted.
  • A corresponding contra entry with the opposite plus/minus sign will be created for each exported posting. The posting date for this reversal posting is the reversal posting date you select in the Component reversal workspace.
  • Once the reversal is complete, the component is free to be edited as normal again.
  • Reversals cannot be undone.

The ‘Component Reversal’ workspace in Lease Accounting

The Component reversal workspace in Lease Accounting is displayed as follows:

Shows the 'Component reversal' workspace in Lucanet Lease Accounting with the 'General description of functionality' info box, the 'Reverse all components' toggle set to 'No', the 'Contract' drop-down list with 'Demo_Accounting_Area_Contract' and the 'Contract component' drop-down list with 'BusinessUnit Demo', the 'Perform complete reversal' toggle set to 'No', the 'Reverse periods starting from' field set to '2026-04', the 'Reversal posting date' field with the placeholder 'YYYY-MM', and the 'Perform reversal' button. Highlighted in red is the 'Component reversal' item in the 'Data collection' navigation.
The 'Component reversal' workspace

Reversing Components in Lease Accounting

To reverse a component in Lease Accounting:

1

Select one of the following options:

  • If you want to reverse all or several components of the selected reporting entity at once, activate the Reverse all components option. The Contract number, Cost center, and Asset class drop-down lists are then displayed instead of the Contract and Contract component drop-down lists. To narrow down the reversal, activate the check boxes of the values you want to reverse in one or several of these drop-down lists. Lease Accounting reverses only the components that match the selected values. If you select values in several drop-down lists, a component must match one selected value in each of these lists. If you do not select any value, the reversal applies to all reversible components of the reporting entity.
  • If you want to reverse individual components, select the contract to which the component is assigned and the contract component you want to reverse from the respective drop-down lists.
Shows the 'Component reversal' workspace in Lucanet Lease Accounting with the 'Reverse all components' option activated, the contract Demo_Contract_1 selected in the 'Contract number' drop-down list, the disabled 'Cost center' drop-down list, the asset class Car Fleet selected in the 'Asset class' drop-down list, the 'Perform complete reversal' option, the 'Reverse periods starting from' and 'Reversal posting date' fields, and the 'Perform reversal' button.
The drop-down lists for the Reverse all components option

Notes on the 'Reverse all components' option:

  • The Contract number, Cost center, and Asset class drop-down lists offer only the values of the reversible components of the reporting entity.
  • If none of these components is assigned to a cost center, the Cost center drop-down list is disabled. The Cost center drop-down list is only displayed if the cost center master data dimension is available in your Lease Accounting.
2

Choose the periods the reversal is to be performed for. Do one of the following:

  • If you want to reverse all periods, activate the option Perform complete reversal and select the reversal posting date.
  • If you want to reverse only from a specific period onwards, leave the option Perform complete reversal deactivated and select the starting month from the Reverse periods starting from drop-down list, then select the reversal posting date.
3

Click Perform reversal. A confirmation dialog is displayed as follows, for example:

Shows the 'Component Reversal' dialog in Lucanet Lease Accounting with the question 'Are you sure you want to reverse Eur001_contract-Eur001_contract_component_eur starting from 2026-03 and posting date 2026-04?' and the 'Cancel' and 'OK' buttons.
'Component Reversal' dialog
4

If you activated the Reverse all components option, the confirmation dialog checks every matching component against the selected reversal settings. The tiles Matching, Will be reversed, and Skipped display the number of components, and the table lists each component with its Status. For a skipped component, the Status column displays the reason why the component cannot be reversed with the current settings.

Shows the 'Component Reversal' dialog in Lucanet Lease Accounting with the question 'Are you sure you want to reverse all reversible components in Action_Buttons_Demo - Action Buttons Demo starting from 2026-01 with posting date 2026-10?', the text 'Components to be reversed: 2', the tiles 'Matching' with 2, 'Will be reversed' with 2, and 'Skipped' with 0, the table with the 'Contract component' and 'Status' columns listing Demo_Contract_1 / Demo_Component_1 and Demo_Contract_1 / Demo_Component_2 with the status 'Will be reversed', and the 'Cancel' and 'OK' buttons.
The 'Component Reversal' dialog for the Reverse all components option

If none of the matching components can be reversed, you cannot confirm the dialog. Change the selection or the reversal settings and click Perform reversal again.

5

Click OK to confirm component reversal. If you activated the Reverse all components option, Lease Accounting reverses only the components with the status Will be reversed.

Note the following about reversing components in Lease Accounting:

  • If you activated the Reverse all components option in the first step, Lease Accounting displays an outcome summary after processing with the total number of processed components and how many succeeded or failed. If any components fail, the summary lists the reason so you can take corrective action.
  • If you switch to another workspace during configuration, any unsaved changes made to your configuration will be lost.

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

Page IDKB6108237

Last updated on Nov 4, 2026

Table of Contents
OverviewThe ‘Component Reversal’ workspace in Lease AccountingReversing Components in Lease Accounting
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