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.
Budgeting
You can create a single budget to be used during many years ahead, but you can also enter an unlimited number of budgets.

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.

Budgeting

You can create a single budget to be used during many years ahead, but you can also enter an unlimited number of budgets.

You can manage budgets continuously as circumstances change. You can budget per period per general ledger account and/or per organisational unit. The order module uses the same tables for budgeting goods consumption and turnover. This means that you can also have budgets that relate to units instead of or in addition to amounts.

In the Profit and loss account and balance sheet reports, comparisons can be made between up to two stored budgets (for example between a realistic budget and an optimistic budget). You can also combine actual figures for the current financial year with budgeted figures for periods for which you have not yet posted vouchers. Only budgeted figures in general ledger accounts, possibly distributed across organisational units, are accumulated in the Profit and loss account and balance sheet reports.

A budget may be divided along customer, supplier and/or employee lines. These budget figures cannot initially be used for direct comparisons in reports, but budget lists can be generated in respect of one or more associates or groups of associates. You can also copy the budgets for use in spreadsheets or other external tools.