Business NXT documentation

Home
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 using Business NXT - Norway
You can use Business NXT for electronic VAT reporting, either manually or automatically using the Visma.net AutoReport integration.
Using Visma.net AutoReport
You can use Visma.net AutoReport to make the VAT reporting more efficient.

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.
  - VAT report parameters
    The following fields need to be entered in Business NXT to be able to send VAT reports to the tax authorities:
  - Using Visma.net AutoReport
    You can use Visma.net AutoReport to make the VAT reporting more efficient.
  - Sending a VAT report using Visma.net AutoReport
    The following steps describe an overview of how to send a VAT report using Visma.net AutoReport.
  - Creating a VAT report
    This topic describes the different steps in detail, needed to create a VAT report.
  - Creating a batch for VAT payment
    You can create a VAT payment batch based on the information received from Altinn using Create VAT payment in the AutoReport archive table.
  - 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.
- 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.

Using Visma.net AutoReport

You can use Visma.net AutoReport to make the VAT reporting more efficient.

When using Visma.net AutoReport, Business NXT generates and sends the VAT report to Visma.net AutoReport, and Visma.net AutoReport then handles the authentication of users, and sends the report to the Norwegian tax authorities (Skatteetaten) for an initial validation. If the validation succeeds, Visma.net AutoReport sends the actual report to Altinn, and you will get an electronic receipt back, first to Visma.net AutoReport, but eventually also stored in Business NXT.

Prerequisites for Visma.net AutoReport

The following prerequisites need to be fulfilled for the Visma.net AutoReport integration:

An agreement between the company and the government for sending electronic tax statements (Altinn, Ilmoitin)
You need to sign in to ID-porten. The sign-in will be valid for 8 hours.
In Visma.net Admin, Business NXT users need to be assigned the AutoReport User role.

Setup in Business NXT

The following preparations need to be done in the Company information table in Business NXT:

Enable Send to AutoReport in the AutoReport processing field. You can also make this setting in the VAT control dialog.

Set Auto. gen. trans. proc. to 2 - Generate continuously (Recommended). This ensures that transactions against inbound or outbound VAT will be generated automatically per general ledger account, instead of a sum per combination of accounts per batch. These transactions will be assigned the same voucher number as the original transaction.