General ledger account

There is no restriction on the number of general ledger Account group. These are entered in the Account group table. You can edit out each Account group on the Profit and loss account and balance sheet as a totals line.

If you imported the standard table structure during setup, Account group will have been set up in accordance with Norwegian Standard 4102 for private companies and public limited companies. The system also suggests a Profit and loss account and balance sheet report that uses these Account group.

The Account no. is used as a reference in all tables that refer to the General ledger account. It also applies for voucher entries and budgeting, to ensure the relevant General ledger account is used. The Norwegian Standard uses four-digit account numbers.

If you want the Account no. to be made up of a minimum number of digits, enter the number in the Digits in account no. w/0 field in the Company information table. If you enter a new General ledger account with fewer digits than the number you specified in this field, Visma Business adds the relevant number of zeros in front of the digit to meet the criterion. You can still enter Account no. with more digits than the number you specified in the Digits in account no. w/0 field.

If you define a number series for General ledger account numbers in the Account no. series tables, the Account no. will be suggested accordingly. If you follow the number series, the Account no. will be a unique account reference, and you can hide the Account type field in the Voucher entry window.

External processing

If you have selected the "You are not authorised to delete data" field, you will not be able to delete the row in Visma Business, even if there are no transactions linked to the row. This field is intended for use when another program has imported the data and you want to prevent the row being deleted by mistake.

Specify transactions from external system

Do not show in accrual accounting dialog

No access to delete

1 - Asset

2 - Cost

3 - Debt

4 - Income

5 - Unknown

6 - Internal

If you want to create a new General ledger account with the same properties as one you know from before, you can enter the new account number, account name and then the value of the one you want to use as a template. All the values from this General ledger account will then be entered, apart from the fields that you filled in yourself.

1 - Expand on voucher lines

If you want the system to display automatic entries defined for the account concerned during voucher entry. The automatic entries are expanded when you complete the amount field on the voucher line. You can also use the processing Expand automatic entries in the voucher table to expand automatic entries.

2 - Calculate from period flows

The automatic entries will be calculated on the basis of the account movements within specified periods.

Note:

Automatic entries routine only works if Auto.entry processing2 - Calculate from period flows is set from General ledger account table, and not from Automatic entry table.

It is possible to verify that Auto.entry processing has been performed on General ledger account level for a certain period. For Auto.entry processing2 - Calculate from period flows, General ledger balance table : Sum debit aut. flow and Sum credit aut. flow columns have to be verified. If the columns are empty, the Auto.entry processing2 - Calculate from period flows has been run. If they contain amounts, it means that Auto.entry processing 2 has to be performed on General ledger account again.

3 - Calc. from period flows on org. units also

The automatic entries will be calculated on the basis of the account movements within specified periods and on individual org. units.

Note:

Automatic entries routine only works if Auto.entry processing3 - Calc. from period flows on org. units also is set from General ledger account table, and not from Automatic entry table.

It is possible to verify that Auto.entry processing has been performed on General ledger account level for a certain period. If the Auto.entry processing3 - Calc. from period flows on org. units also has been run, it will update Trans. status field: Period flow processed in General ledger transaction table.

When the option Create all balance periods is ticked and the processing Regenerate general ledger account balances is executed, records for each Accounting period in Year containing General ledger transaction will be created in the General ledger balance

Create all balance periods

One record per month is generated in the General ledger balance table when you are running the Create acc balances for all periods processing in the Accounting period table.

If the check box is not selected then only one record is created for the whole year.

Note:

You need to select the Create all balance periods check box in the Balance processing field in the General ledger account table as well. Otherwise the settings in the organisational unit table will not be taken into consideration when balances are created.

The Currency no. and rate are suggested during each Voucher entry for the account concerned. If a voucher is posted to two accounts with different currency numbers, the account entered first determines the Currency no. This applies whether the Voucher relates to customers, suppliers or the General ledger account. The Currency no. field is particularly relevant to foreign balance sheet accounts, e.g. deposits in foreign banks. There must be a separate account for each currency to obtain the correct balance in the currency.

If you imported the standard table structure during the setup, the most common currencies will exist in the Currency table. If you want to change an existing Currency no. or create a new one, you can do so in the help window as in a normal Currencies window.

The currency number will be suggested in the voucher lines if the field is not already completed.

If a voucher is entered for two General ledger account with different Distribution key, the Distribution key is determined by the General ledger account entered first. A Distribution key does not need to add up to 100 %.

If you leave Enter VAT code unselected, you still have the option of changing the VAT code during Voucher entry.

The value will be suggested in the Voucher lines when you register the Debit account or Credit account number.

The value will be suggested in the Voucher lines when you register the Debit account or Credit account number.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

Groups are used for selections or sorting General ledger account. We recommend that you change the names of the group fields you want to use to more descriptive names, and keep the rest of the fields hidden.

For those who use Visma Portal, Gr. 12 is used to define which accounts Visma Business is to display for Sales, Purchases, Receipts and Payments.

All entries posted to accounts with this field selected will be considered as 100 % turnover. You can print out on the PL report the percentage share of the turnover relating to each expenditure and revenue account.

On the Editing menu, click Memo to create a new memo or to view the existing memo. The memo file name is saved in this text box.

Double-click or press * to open the Select file dialog box to manually select a memo file.

The actual memo is stored in the Memo table.

The account name is displayed in the status bar when references to the account are made during voucher entry and budgeting to help you check that you are referring to the right account. The account name is also displayed when you include a reference to the Account no. in the Company information, Currency, Voucher type, VAT rate, Automatic entry and Associate tables.

The account name can be included in lists and reports such as account listings and balance lists, as well as specific Profit and loss account and balance sheet reports.

If you select "Use name 2" in the "PL/Balance" print dialog box, the "Name 2" field is printed on the Profit and loss account and balance sheet reports with account specification.

The new account no is used in combination with the processing Change account no.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

Organisational units fields can be used freely according to company needs to split accounting, sales and purchases into organisational units. The most common types are department, project and campaign. It is also possible to limit the organisational units a user should see by limiting the organisational units in the Limitation groups, User limitation groups and Limitations. The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

The organisational unit will be suggested whenever a Voucher is entered for this general ledger account. If a Voucher is entered for two general ledger accounts with different organisational units, the account entered first determines the organisational unit to be used. The suggested value can be overridden in the Voucher table.

There is one field for each organisational unit class defined, allowing the same Voucher to be posted to more than only one organisational unit.

The field appear with the name assigned to it in the Company information table.

0 - Not allowed - blocked

1 - In use

Business NXT copies information about the organisational units from the general ledger account, if a value has been entered here.

2 - Stop

The cursor pauses in the organisational unit field when posting to the general ledger account concerned.

3 - Mandatory

The cursor pauses in the organisational unit field when posting to the general ledger account concerned. Business NXT will display a red question mark in compulsory organisational unit fields which have not yet been filled in for the voucher line.

A product no is required on a voucher line if you want to create an order from the voucher.

Visma Business checks this field during each voucher update for the account, and updates the balance differently depending on whether the voucher is posted to a Profit and loss account and balance sheet account. Changes to the field do not have any retroactive effect, and can result in errors in the balance tables. The balance of PL accounts is set to zero in the first Accounting period of a new financial year, unless the Voucher is posted for a organisational unit defined to produce an accumulated result. In the case of balance sheet accounts, the balance is carried forward to the new financial year.

If you choose to use the Short name field, you should complete it for all general ledger accounts otherwise the sorting won't be consistent.

1 - Exact match

2 - Group match

3 - Confirmed

We recommend that you suspend all account that you post via ledger. This makes sure that the ledger entries in the general ledger are posted via ledgers, thereby also reducing the risk of differences between the ledger and the general ledger. In the General ledger account table supplied with the standard table structure, this option is selected in the General ledger account for customers and suppliers (account numbers 1500 and 2410). These are only posted in the context of automated transactions.

You use turnover class 4, taxable purchases, for accounts for taxable purchases and taxable acquisitions that can be capitalised (i.e. most capital asset accounts). This also applies for General ledger account that you use for both taxable and non-taxable cost allocation. If you do not use a VAT code, no VAT amount will be calculated, even if turnover class 4 is defined for the account.

Incomplete or incorrect entries may lead to differences in the VAT statement. If the field is changed once vouchers have been updated, Visma Business applies no retroactive effect to the change. Vouchers updated for General ledger account with an incorrect turnover class must be corrected manually using correction vouchers. Unless all the accounts relating to statement purchases/sales have been defined with the correct VAT class, the summary of taxable sales and purchases for the period in the VAT statement will not be the same as the taxes automatically posted to the VAT accounts.

On vouchers with general ledger entries for sales and purchases that are generated on the basis of orders, the turnover class is defined on the basis of the Transaction type, Trade area and Service type fields.

1 - Taxable sales

Is used for sales of taxable products. I.e. when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 0 - Taxable domestic according to VAT- and accounting inf./VAT code

2 - Non-taxable domestic sales

Is used for sales of non-taxable products. I.e. when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 1 - Non-taxable domestic

10 - Transfer of goods to EU countries

Used when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 4 - Subsidiary in another EU country
• Service type1 - Services is not selected

5 - Sale of goods to EU countries

Used when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 2 - Within other EU country
• Service type1 - Services is not selected

3 - Sale of goods outside EU/Abroad

Used when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 3 - Outside EU/Abroad
• Service type1 - Services is not selected

9 - Sale of services abroad

Used when

• the Transaction type is 1 - Sales or 2 - Hire
• the Trade area is 2 - Within other EU country, 3 - Outside EU/Abroad or 4 - Subsidiary in another EU country
• Service type1 - Services is selected

13 - Non-taxable sales

16 - Sales outside tax area

18 - Sales, taxable for purchaser

20 - Agent sales to third party

22 - Sales of services to EU countries

26 - Rent income voluntary

27 - OSS union scheme services

28 - OSS union scheme goods

29 - OSS import scheme

4 - Taxable purchases

Is used for purchases of taxable products. I.e. when

• the Transaction type is 6 - Purchase
• the Trade area is 0 - Taxable domestic according to VAT- and accounting inf./VAT code

7 - Non-taxable domestic purchases

Is used for purchases of non-taxable products. I.e. when

• the Transaction type is 6 - Purchase
• the Trade area is 1 - Non-taxable domestic

15 - Domestic purchases with reversed VAT deduction

11 - Transfer of goods between other EU countries

Used when

• the Transaction type is 6 - Purchase
• the Trade area is 5 - Transfer between other EU countries
• Service type1 - Services is not selected

6 - Purchase of goods from EU countries

Used when

• the Transaction type is 6 - Purchase
• the Trade area is 2 - Within other EU country
• Service type1 - Services is not selected

8 - Purchase of goods outside EU/Abroad

Used when

• the Transaction type is 6 - Purchase
• the Trade area is 3 - Outside EU/Abroad
• Service type1 - Services is not selected

12 - Purchase of services abroad

Used when

• the Transaction type is 6 - Purchase
• the Trade area is 2 - Within other EU country or 5 - Transfer between other EU countries
• Service type1 - Services is selected

14 - Non-taxable purchases

17 - Purchase outside tax area

19 - Purchase, taxable by purchaser

21 - Purchase of services from EU countries

23 - Domestic purchase of services

24 - Taxable product consumption

25 - Domestic purchases with reversed VAT liability

This VAT code is suggested whenever a Voucher is entered for this general ledger account. The VAT code determines the type of VAT and the VAT rate to apply to the voucher.

If you imported the standard table structure during setup, the most common VAT code will have been entered in this table.

A General ledger account which is taxable (i.e. turnover class 1 or 4), MUST have a VAT code which calculates received or paid VAT respectively. The VAT class determines which accounts are added up in the total taxable purchases and sales for the VAT statement. These figures will not agree with the automatically posted taxes if vouchers have been posted with a VAT code that does NOT correspond to the VAT class.

The VAT control in the General ledger account table is performed when you complete the Turnover class or VAT control fields. You must enter values in both fields. It does not matter which field you complete first.

The VAT control in the voucher line table is performed when you complete the Debit account, Credit account and their associated Turnover class fields. When you update vouchers, an error status will be assigned to transactions that have turnover classes that are incompatible with the value in the VAT control field in the General ledger account table.

If you have not filled in the VAT control you can use all the turnover classes.

1 - No VAT

You use the value (1) for accounts that are not subject to VAT, for example salaries and wages (account number 5010 in the standard account plan). Business NXT rejects attempts to enter turnover classes 1 or 4.

2 - Sale only

Value (2) is allocated to accounts that only apply to sales. Business NXT rejects attempts to enter turnover classes 4, 7, 11, 6, 8 or 12.

3 - Purchase only

Value (3) is allocated to accounts that only apply to purchases. Business NXT rejects attempts to enter turnover classes 1, 2, 10, 5, 3 or 9.

1 - Adjustments

2 - Losses on claims

3 - Reversal of input value added tax

4 - Withdrawals

Double-click or press * to open the web page in your web browser.

Alternatively the field can be used to refer to documents or other files. Double-click or press * in the empty field to open the Select file dialog box.

On the Design tab, in the Insert group, you can click on Web page to visualise the document or web page on the screen.