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.
Budgeting
You can create a single budget to be used during many years ahead, but you can also enter an unlimited number of budgets.
Budget line processings
The following processings are available from the Budget line 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.
  - Managing a budget
    The budget routine is managed using the Budget and Budget line tables.
  - Budget
    This table contains one row for each budget.
  - Budget processings
    The following processings are available from the Budget table.
  - Budget line
    This table contains one row for each line on a budget.
  - Budget line processings
    The following processings are available from the Budget line table.
- 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.
- 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.

Budget line processings

The following processings are available from the Budget line table.

Distribution

This processing is used to distribute budgeted amounts on organisational units and periods.

Note:

If you specify an organisational unit directly on the Budget line record, it will override any distributions to the same organisational unit class in the Distribution key, while a Budget line record posted directly to a period will be in addition to the records that are distributed by the period keys.

Note:

It's not possible to perform distribution if there are aggregate total or grand total lines in the Budget line table.

Note:

The system can't process negative share values in period lines effectively.

Prerequisites

The following tables need to be defined:

Period key
Distribution key

A join with the Budget table is required.

Starting the processing

Select the Budget line rows you want to process. If you select several Budget line records and the Period, Period key and Distribution key fields are blank, Business NXT will only process one row at a time.
In the Processing menu, select Distribution.
Select Period key and Distribution key to perform the distribution by.

The selected Budget line records are replaced by new Budget line records, divided by the defined number of periods and/or organisational units.