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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.
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.
Handling of incoming invoices
Business NXT handles incoming invoices, received from Visma.net AutoInvoice. The invoices are processed in Business NXT, and then sent to managers for approval using Visma.net Approval. After the invoices are approved, they are booked into accounting.
Processing invoices
After downloading the documents, you can review them and perform accounting in Business NXT.

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.
  - Handling of incoming invoices
    Business NXT handles incoming invoices, received from Visma.net AutoInvoice. The invoices are processed in Business NXT, and then sent to managers for approval using Visma.net Approval. After the invoices are approved, they are booked into accounting.
    - Prerequisites for invoice handling
      The settings below in Business NXT are needed for receiving invoices from Visma.net AutoInvoice.
    - Incoming documents layout
      The Incoming documents default layout aligns the user interface with the actual work process from start to finish.
    - Receiving invoices
      To be able to receive and process invoices from Visma.net AutoInvoice, to process them in Business NXT, and then send them to Visma.net Approval, the following prerequisites are required.
    - Processing invoices
      After downloading the documents, you can review them and perform accounting in Business NXT.
      - Creating vouchers from an incoming invoice
        You can create a batch of vouchers from an invoice delivered through Visma.net AutoInvoice.
      - Handling rounding differences on supplier invoices
        Creating voucher lines for supplier invoices from AutoInvoice using the Process document processing in the Accounting document table may result in rounding errors and smaller VAT calculation discrepancies.
      - Pre-registration of supplier invoices for Swedish companies
        For Swedish companies, reporting input VAT occurs in the return period when purchases are recorded in the books or should have been recorded. This means that VAT must be reported upon the receipt of an invoice, which makes it necessary to post it even if the invoice processing is still preliminary.
    - Approving invoices
      Invoices that have been processed in Business NXT can be sent to managers for approval using Visma.net Approval, either automatically or manually.
    - Deleting a batch or accounting document under approval
      A batch or an accounting document can't be deleted if it's part of an active approval process.
  - Handling of Visma.net Expense claims
    This section describes the overall process flow for incoming expense claims to Business NXT.
  - Storage of accounting documents
    File Service is a Business NXT service that stores accounting documents, logos for invoices and SAF-T files in Azure blob storage.
- 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.

Processing invoices

After downloading the documents, you can review them and perform accounting in Business NXT.

Depending settings in the Workflow processing field in the Company information table, you can create a tentative batch (a batch without a voucher number), by running the Process document processing in the Accounting document table. This step is typically automated for all downloaded invoices.

Updating batches and assigning voucher numbers

Once accounting is complete and correct, assign voucher numbers by running the Assign voucher numbers in the Batch table. Voucher numbers can also be assigned in the Workflow processing field in the Company information table. The batch can then be updated to generate postings into accounting.

Voucher numbers can also be automatically assigned when creating the batch and voucher or after the voucher is approved. The same process applies to updates for supplier transactions.

Sending to approval and accounting

You can send invoices directly to Visma.net Approval using the automated flow. Alternatively, manually perform any necessary accounting first.

See also: Sending on flow