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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 reversible components in the selected reporting entity at once, activate the Reverse all components option. With the option activated, the Contract and Contract component drop-down lists are disabled — skip the next two steps and continue with Perform complete reversal.
  • 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.
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

Click OK to confirm component reversal.

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 Oct 8, 2026

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