What's New in Lucanet Lease Accounting
Come and explore the exciting new features of our solution Lease Accounting! We update our CFO Solution Platform on a regular basis to offer you the latest features and improvements.
The versions of all solutions that you are currently using and those of the CFO Solution Platform are displayed when you select About Lucanet from the ? menu in the CFO Solution Platform.
Release Notes
Import of Cost Centers from Lucanet Consolidation & Financial Planning
It is now possible to import cost centers that have been created for reporting entities in the Consolidation & Financial Planning directly into Lucanet Lease Accounting. This feature ensures that your financial and lease data are interconnected, allowing for more comprehensive reporting and analysis. The import is performed in the Cost Centers area in the Settings workspace.
Import of cost centers
Manual Entry of Reporting Entities
As of now, users who solely operate our Lease Accounting solution can manually enter reporting entities as lessees. The feature is designed to effortlessly create and manage reporting entities, offering a streamlined experience even without the integration with Lucanet Consolidation & Financial Planning.
Import of Postings into Lucanet Consolidation & Financial Planning
We are introducing a new feature that enables direct import of postings created in Lease Accounting into Lucanet Consolidation & Financial Planning. Designed to enhance integration within the CFO Solution Platform, this tool ensures a smooth connection between your lease data and Consolidation & Financial Planning.
The import is performed via a script in the Importing data into reporting entities workspace. For more information, please contact our support or your Professional Service contact.
New Reports Available
As of now, the following reports can be created and downloaded in the Export workspace:
- Asset register report summarizing all the assets and asset-related information that have been created in Lease Accounting.
- Account balances report showing the balances for each account, aggregated by transaction type, cost center and/or assets class. This report allows a reconciliation of the balance in the Lease Accounting database with the balance of the accounts in the balance sheet to make sure that both are in line and postings are complete.
Account Balances report
Apart from bug fixes and usability enhancements, the release contains the following new features:
Manual Entry of Interest Rates
We are introducing a new feature that provides greater flexibility and control by allowing users to manually enter interest rates during the creation or modification of contract components. This manual entry will override any pre-configured interest rates, if any were set.
Manual entry of interest rates
Disclosures Report
The Disclosures report is designed to help users meet IFRS 16 requirements efficiently. It offers a detailed breakdown of lease liabilities and assets for individual reporting entities, enhancing transparency and compliance.
Creating a Disclosures report