What's New in Lucanet Lease Accounting

If you use a standalone license for Lucanet Lease Accounting, you can now export postings for more than one reporting entity in a single export. In the Reporting entities drop-down list, select one, several, or all reporting entities. Under File preferences, choose whether to generate One file for all reporting entities or Individual files per each reporting entity.

You can now create the Account balance report for more than one reporting entity at a time. Multiple reporting-entity selection is now available for all report types except Asset register, which is planned for a future release.

When modifying a calculated contract component, the Underlying asset section now offers a Change asset class modification — for example, to correct a wrongly selected asset class. You can modify the Current asset class by selecting a New asset class and an Effective date to re-classify the component. The change is statistical only: it updates the asset class for classification, grouping, and reporting, and does not trigger a recalculation or affect the interest rate or depreciation.

You can now create the Contract overview report for more than one reporting entity at a time, in addition to the Disclosures and Balance values for reference date reports. In the Reporting entities drop-down list, select one, several, or all reporting entities; the data for all selected entities is compiled into a single file, and each entity's data is identified by its name or code.

When you click Generate report, the Report Generation confirmation dialog now appears so you can check your selection before the report is created.

When you open Lease Accounting for the first time, a warning icon now appears next to Reporting entities, Asset classes, and General configurations in the Settings menu until each section is set up. The icon disappears automatically once the section contains data — for example, after you import or create a reporting entity, create an asset class, or save the general configurations.

A new Migration workspace under Settings lets you move an existing lease portfolio from the IFRS 16 script into Lucanet Lease Accounting. Upload the H2 database file together with the lookup file (XLS or XLSX format), specify the migration date, and start the migration. After processing, the Migration report and the Component validation report are available as Excel downloads and identify placeholder values, missing mandatory information, and zero amounts.

Migrated lessors, contracts, and contract components are available under Data collection for review and correction. Calculations, postings, and exports remain hidden until you select Approve migration.

The Component reversal workspace now includes a Reverse all components option. When the option is activated, the Contract and Contract component drop-down lists are disabled, and the reversal applies to all reversible components in the selected reporting entity. After confirmation, Lucanet Lease Accounting processes the components and displays an outcome summary 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.

You can now configure the exchange rates that Lucanet Lease Accounting uses to convert between currencies. The new Exchange rate management functional area is available under Administration in the menu of the Lucanet CFO Solution Platform and contains two workspaces:

For each currency combination, you choose whether exchange rates are derived automatically from the European Central Bank or from an Excel file you upload yourself in the Custom upload of exchange rates workspace. Each combination is bidirectional and is shown as a single row in the Existing combinations table. The detail view of a combination lists every stored exchange rate, including date, value, rate type, and source.