Older Versions

In the Create reports workspace, you can now create the Disclosures report and the Balance values for reference date report for more than one reporting entity at a time. In the Reporting entity drop-down list (default: the entity you are signed into) select one, several, or all reporting entities. After you confirm in the dialog, the report is created for the selected date and data is compiled into one file.

The overview table for Reporting entities is now editable, allowing you to edit the Country or region and the Functional currency fields. This supports bulk updates when many reporting entities are imported from Consolidation & Financial Planning and is especially useful for migrations (e.g. from the IFRS 16 app to the CFO Solution Platform).

Please note that the functional currency can only be changed as long as no components have been calculated for a reporting entity.

In the Create postings section, you can now create postings for more than one reporting entity at the same time. This reduces repeated runs when postings are needed for many reporting entities.

You can now attach PDF files directly to lease contracts, making it easier to keep all contract documentation in one place. This feature allows you to:

This enhancement streamlines document management by keeping contract files directly associated with their respective lease contracts within the Lease Accounting solution.

Two new modification parameters have been added to provide more comprehensive lease accounting capabilities:

Both modification parameters are available under Asset information when modifying calculated components:

Import templates are now available in Excel format in addition to CSV, making automatic data import easier. The templates include new fields to streamline bulk data imports:

For more information on using import templates, see Importing Data Automatically.

Lease Accounting now supports automatic translation of components in different currencies, allowing you to manage multi-currency leases seamlessly. This comprehensive feature includes two key capabilities:

Component Currency Selection

When creating or editing lease components, you can now select the currency in which the component should be calculated. The Component currency field provides a dropdown menu with multiple currencies, allowing you to specify the original currency for each component.

Currency Display Options in Reports

Reports now offer flexible currency display options, allowing you to view lease data in your preferred currency. When generating reports, you can:

By default, the currency of the contract component is applied.

The Functional currency field in the Reporting Entity workspace can now be edited as long as no calculations have been performed for that reporting entity, regardless of whether active components exist. Once calculations are performed, the functional currency becomes locked and cannot be changed.

This change provides greater flexibility during the initial setup phase while maintaining data integrity after calculations begin.

The role-based permission system in Lease Accounting enables administrators to control access to specific functions and data within the solution with the following six predefined roles:

By assigning appropriate roles to users, you can optimize workflows, increase data security, and provide tailored user experiences that align with operational requirements.

Use the Administration section of the Lucanet CFO Solution Platform to assign user roles (see User Management).

The General configurations workspace provides essential system-wide settings that establish the foundational parameters for your lease accounting processes. The general configurations must be completed before you can create your first contract components, as they define critical operational parameters that cannot be modified once lease data collection process begins.

The General configurations workspace allows you to enter the start of fiscal year and transition date for your lease accounting setup:

The CSV import template now includes an additional field for cost centers, ensuring that cost centers can be assigned to components when contract components are imported via the CSV interface.

Users with a standalone license for Lucanet Lease Accounting can now create cost centers directly within Lease Accounting. Cost centers can be created under Settings | Cost centers.

This functionality has been added to the table in Contract components, allowing users to duplicate existing components for improved efficiency. You can copy data from any non-calculated component to create a new one, then edit the copied component as needed, including updating the component number and cost center. This feature streamlines data entry when creating similar components.

You can now export the calculated values from the calculation preview table as a CSV or Excel file by right-clicking any row and selecting Export | CSV export or Excel export. This enhancement provides greater flexibility for data analysis and reporting workflows.

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.

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.

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.

As of now, the following reports can be created and downloaded in the Export workspace:

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.

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.