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.
Electronic VAT reporting - Denmark (new VAT structure)
You can use Business NXT for electronic VAT reporting automatically using the connected service Visma.net AutoReport.
Troubleshooting
The following tables, fields, processings and flags are relevant when troubleshooting the Visma.net AutoReport integration.

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.
- 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.
  - Important information before you start
    Before starting to work with the Danish VAT reporting, there are some important concepts that you need to grasp.
  - Setup in Business NXT
    This section describes the settings to be made in Business NXT for the VAT reporting.
  - Setup in Visma.net AutoReport
    The following settings are made for connection to Visma.net AutoReport.
  - Setup in Skat.dk
    A signature need to be registered in Skat.dk for uploading the VAT report for a VAT period to Skat.dk electronically via Visma.net AutoReport.
  - VAT codes
    The standard Danish VAT codes are mapped to the Business NXT VAT codes.
  - Important fields in the VAT code table
    The following fields in the VAT code table are most important.
  - Danish VAT rates in the Standard VAT code table
    The Danish default data has been prepared with VAT rates according to the Danish standard.
  - Reporting VAT
    This section describes the steps for reporting VAT to the Danish tax authorities.
  - Statuses in the Visma.net AutoReport archive
    Reports can assume the following statuses in the Visma.net AutoReport archive:
  - Troubleshooting
    The following tables, fields, processings and flags are relevant when troubleshooting the Visma.net AutoReport integration.
- 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.

Troubleshooting

The following tables, fields, processings and flags are relevant when troubleshooting the Visma.net AutoReport integration.

You find most of the information and settings for Visma.net AutoReport in the AutoReport archive table:

Parameter	Identifier	SQL name	Description
Description	Description	Descr	Descriptions and instructions
Line no	LineNo	LnNo	Unique line number for tax statement
Reference ID	ReferenceId	RefId	Reference ID for Visma.net AutoReport
Reply message	ReplyMessage	RemMsg	Status message received from Visma.net AutoReport (includes also gov.portal messages)
Report data	ReportData	RepData	Stores the sent XML. Blob field must be the last field in the table.
Status	Status	St	Gov. id. ID of the report that is generated by Visma.net AutoReport and used in relation with the government.
Service reference	ServiceReference	SrvRef	Statuses for Business NXT and Visma.net AutoReport
Tax Term	TermNo	TrmNo	Term of tax statement
VAT report no.	VatReportNo	VatRepNo	Run VAT report no. from VAT period table
Year	Year	Yr	Year of tax statement

The following other tables, fields, processings and flags are also relevant for the Visma.net AutoReport integration:

Table	Parameter
Form element	Field: AutoReport tag
Company information	Processing: AutoReport Flags: Send to AutoReport Process VAT payment messages automatically Automatic batch update of VAT payment messages
Company	Processing: Company processing Flag Do not open Visma.net AutoReport in new window after reporting
VAT period	Processing: Send to AutoReport Field: Explanation
Tax statement log	Field: Explanation
AutoReport archive	Processings: Resend to AutoReport Create VAT payment
Supplier transaction	Processing: Send self-employed supplier report