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Selecting a Lessee
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Glossary

Selecting a Lessee

Overview

A lessee is the party who receives the right to use an asset under the conditions of a lease contract.

In Lucanet Lease Accounting, leases are recorded separately for each lessee.

Before you start recording the lease information, you must first select the reporting entity for which you want to enter or edit leases as the lessee.

Selecting a Lessee

To select a lessee, open the Get started workspace and use the drop-down list to select the Reporting entity for which you want to record leases:

Displays the 'Get started' workspace
The 'Get started' workspace

Notes

  • To record data in Lease Accounting, a user must be granted access rights to Lease Accounting in the Administration | User Management area of the Lucanet CFO Solution Platform (see Creating and Editing Users for the CFO Solution Platform).
  • During a user’s first login, all the solution’s workspaces – except for Settings – will remain hidden until a reporting entity is selected.
  • If a user needs to enter or edit data for several reporting entities, they must take care to select the correct reporting entity under Get started.
  • Users can select any reporting entity from the Lucanet.Financial Client that has already been imported into Lease Accounting using the Reporting entities workspace (see Creating and Configuring Reporting Entities).
  • The reporting entities can only be used correctly to calculate lease component if all the mandatory fields have been configured (see Creating and Configuring Reporting Entities).

Last updated on Aug 16, 2023

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