Business NXT documentation

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Accounting
The accounting functionality enables real-time visibility into financial health, enhances accuracy in financial reporting, and facilitates regulatory compliance. Relevant transactions for book keeping, such as payments, expenses and vouchers are automatically received from the services in the Visma.net platform.
Supplier ledger
The supplier ledger contains detailed information about purchases, payments made, outstanding balances, and any credits or adjustments related to the supplier.
Matched supplier transaction processings
The following processings are available from the Matched supplier transaction table:

Accounting
The accounting functionality enables real-time visibility into financial health, enhances accuracy in financial reporting, and facilitates regulatory compliance. Relevant transactions for book keeping, such as payments, expenses and vouchers are automatically received from the services in the Visma.net platform.
- Base data
  The tables in this section include base data for accounting.
- Budgeting
  You can create a single budget to be used during many years ahead, but you can also enter an unlimited number of budgets.
- Vouchers
  A voucher is an accounting document that serves as a record of a business transaction and verifies certain activities or expenses.
- Incoming documents and invoices
  Incoming documents and vouchers usually arrive from other systems. They can be, for example, new supplier invoices, expense claims or payroll vouchers.
- Customer ledger
  The customer ledger is a financial record that contains detailed information about transactions between a business and its customers.
- Supplier ledger
  The supplier ledger contains detailed information about purchases, payments made, outstanding balances, and any credits or adjustments related to the supplier.
  - Open supplier entry
    This table contains supplier entries that awaits matching.
  - Open supplier entry processings
    The following processings are available from the Open supplier entry table:
  - Supplier transaction
    This table contains transactions posted on suppliers.
  - Supplier transaction processings
    The following processings are available from the Supplier transaction table:
  - Matched supplier transaction
    This table is used for payment history, and contains one row for each pair of supplier transactions that have been matched.
  - Matched supplier transaction processings
    The following processings are available from the Matched supplier transaction table:
  - Supplier balance
    This table contains one row for each accounting period having some flow, per supplier.
  - Supplier current balance
    This table is defined as a view in the database, and contains a summary for each supplier with open entries in the Open supplier entry table.
- Payment transfer
- General ledger
  The general ledger is the central accounting record of a company.
- Bank reconciliation
  The purpose of bank reconciliation is to match accounting transactions with account statement transactions from the bank.
- Capital assets
  Capital assets are any kind of property for long-term use that belongs to a company.
- Electronic VAT reporting using Business NXT - Norway
  You can use Business NXT for electronic VAT reporting, either manually or automatically using the Visma.net AutoReport integration.
- Electronic VAT reporting - Denmark (new VAT structure)
  You can use Business NXT for electronic VAT reporting automatically using the connected service Visma.net AutoReport.
- Export of SIE files
  SIE files are used to exchange bookkeeping information between different systems, including the basis for financial statements.
- Import of SIE files
  SIE files are used to exchange bookkeeping information between different systems, including the basis for financial statements.

Matched supplier transaction processings

The following processings are available from the Matched supplier transaction table:

Cancel matching

This processing is used to cancel matching for selected transactions, and rematch the entries.

If you have incorrectly matched some entries, you can use this processing to cancel the matching and then re-match the entries correctly.

Note:

You can define which users can run the processing. You do this on the Access management page by selecting the specific access group and the Matched supplier transaction table. On the Processing tab, select Execute.

See also: Access management

Starting the processing

Select the Matched supplier transaction rows you want to process.
In the Processing menu, select Cancel matching.

The processing results in the following in the Supplier transaction table:

The Outstanding amount is reset to the amount entered.
The content in the Paid last and Credited amount fields is cleared.
The Paid status is set to 1 - Fully open entry
The transactions are copied to the table with open entries.
The associated rows in the table with matched transactions are deleted.