---
title: "All Steps at a Glance"
description: "In this chapter, you will find the individual steps required to account for your lease relationships. The steps must be carried out in the order provided, and performed separately for each lessee (reporting entity)."
source_url: https://support.lucanet.cloud/en/documentation/lease-accounting/process-description-lease-accounting
language: en
last_updated: 2023-08-16
---
# All Steps at a Glance

## Overview

In this chapter, you will find the **individual steps** required to account for your leases. The steps must be carried out **in the order provided**, and performed separately for **each** lessee (reporting entity).

The step descriptions also contain links to more detailed descriptions.

{% process-steps %}
{% process-step title="Configuring the Basic Settings" %}
In the [Settings](https://support.lucanet.cloud/en/documentation/lease-accounting/basic-configuration-lease-accounting.md) area, complete the [general configurations](https://support.lucanet.cloud/en/documentation/lease-accounting/basic-configuration-lease-accounting/general-configurations-la.md),by selecting the **start of fiscal year** and the **transition date.**

Then create the **lessees**, **asset classes**, and **interest rates** to form the foundation for your data collection and posting.
{% /process-step %}
{% process-step title="Selecting Lessees" %}
In the [Get started](https://support.lucanet.cloud/en/documentation/lease-accounting/select-lessee.md) area, select the lessee for whom you want to enter the lease relationships.
{% /process-step %}
{% process-step title="Collecting Data" %}
In the [Data collection](https://support.lucanet.cloud/en/documentation/lease-accounting/data-collection.md) area, create the leases for each lessee by adding the corresponding **lessors**, **lease contracts**,and **components** required for calculations in accordance with IFRS 16.
{% /process-step %}
{% process-step title="Categorizing Components" %}
The [Categorization](https://support.lucanet.cloud/en/documentation/lease-accounting/categorization.md) area automatically categorizes the created **lease components** and identifies the leases that are classified as ‘regular’ in accordance with IFRS 16.
{% /process-step %}
{% process-step title="Measuring Data" %}
In the [Measurement](https://support.lucanet.cloud/en/documentation/lease-accounting/measurement.md) area, **preview** the calculations **Lease Accounting** carries out based on the information you have provided and **check** the data. If the data are correct, you can **save** them straight to the Lease Accounting database here.
{% /process-step %}
{% process-step title="Creating Postings" %}
View the calculated components in the [Postings](https://support.lucanet.cloud/en/documentation/lease-accounting/create-postings.md) area and create the **Postings** for the components. The postings are automatically saved in the corresponding database in Lease Accounting.

If necessary, you can **reverse** the postings created in this area.
{% /process-step %}
{% process-step title="Exporting Data" %}
Use the [Export](https://support.lucanet.cloud/en/documentation/lease-accounting/export-data.md) area to export the **postings** you have created, so they can be imported into Lucanet.Financial OLAP Server or another system.

You can also use this area to create and export various types of **reports,** providing you with a summary of different lease accounting data.
{% /process-step %}
{% /process-steps %}