Visma.net Financials. The most efficient way to run your business

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1 Visma.net Financials The most efficient way to run your business

2 Seize full control of your business Visma.net Financials is the Cloud based financial management solution that will streamline your entire enterprise. Give your professionals the power tool they need to perform at the top of their game. And empower your managers and executives with accurate, up-to-date information anywhere, anytime, on any device. State of the art performance on par with top of the range installed software. Role based tailored tables and menus to suit your main tasks. Flexible perfectly adaptable to mirror your unique business processes. Efficient automates repetitive tasks and accessible on any device. Scalable easily modified to suit your size, and changing needs. See how it works on Visma.net/Financials

3 A complete set of modules Visma.net Financials is designed specifically for the Nordic and Dutch markets and contains all the modules you would expect from a robust financial management solution. General Ledger Core to Visma.net Financials is the general ledger module where transactions can be entered or uploaded. Create dashboards to present data graphically, or use one of the many available inquiry screens. Visma.net delivers localized features such as standard chart of accounts, reports and voucher entry specifically designed for the Finnish, Swedish, Norwegian, Danish and Dutch markets. Localized chart of accounts Budgets Allocations Advanced financial reporting Recurring transactions Deferred revenue recognition Deferred expense recognition Accounts Receivable Accounts receivable integrates and shares information with the general ledger module. The accounts receivable module allows you to manage receivables and automate the task of invoicing customers and collecting payments. Rich reporting and inquiry facilities provide easy access to customer balances, aging monitoring and other customer related information. Invoicing and credit notes Cash sale Electronic invoicing Small balance write-off Statement delivery via Collect payments electronically from the bank Overdue charges calculation Customer balance and credit limit verification Automated tax reporting Reminders and dunning letters

4 Accounts Payable Accounts payable integrates and shares information with the general ledger module. The accounts payable module allows you to maintain complete, structured information about an unlimited number of vendors. You can enter vendor documents, bills, and adjustments, as well as track earlier payment discounts, as well as apply payments to bills. Visma.net Financials comes with Visma.net AutoPay, which lets you make electronic payments to your vendor through your local bank. Vendor management Electronic invoicing Localized invoices Prepayments Make electronic payments Automated tax reporting Recurring transactions Cash Management Cash management provides functionality that helps you manage cash flows and forecast your cash position at any time and in multiple currencies. The cash management module allows you to track a wide range of cash transactions, and to perform bank reconciliations quickly and easily. Using just one illuminating form, you can gain instant access to cash account balances and streamline processing of cash transactions originating in the accounts payable and accounts receivable modules. Cash account transactions Extensive drill-down capabilities Reconciliation of bank statements Reclassification of payments User-defined transaction types Fixed Asset Management Fixed assets provides the functionality required to efficiently manage fixed assets from acquisition through depreciation to disposal. The fixed asset module allows you to configure multiple depreciation books with different depreciation methods assigned to meet various tax reporting and financial management needs. Multiple depreciation methods Multiple averaging conventions Fixed asset tools Fixed asset classes Fixed asset hierarchies Multiple asset types management

5 Currency Management Currency Management provides the functionality required for using multiple currencies. It supports foreign currency transactions throughout the general ledger, accounts payable, accounts receivable, and cash management modules. Users can maintain the list of currencies and track exchange rate fluctuations, as well as performing periodical revaluations for currency-denominated accounts and documents in foreign currencies with automatic calculation of gains and losses resulting from currency exchange rate fluctuations. Flexible translation options allow you to configure reporting in a foreign currency if needed. Multiple rates per currency Historical and audit reports GL, AP, and AR revaluations Realized gain and loss calculation rules Unrealized gain and loss calculation rules Tax Management Tax management stores definitions of taxes, tax categories, and tax zones that are used across the system for automatic tax calculation for every document and transaction. The tax management module provides tax reporting functionality flexible enough for setting up GST, VAT, and sales. It uses taxes in any configuration for accurate and consistent collection of information for tax reports. In Visma.net you can create tax zones associated with the business locations of your customers and vendors, as well as tax categories associated with products or services. VAT reporting Tax zones and categories Configurable tax calculation options Configurable tax reports Deferred Revenue Management Deferred revenue management provides functionality to help your company manage deferrals for both revenues and expenses. You can define any number of deferral codes for setting up various scenarios of revenue and expense recognition. Because the deferred revenue module is integrated with both accounts payable and accounts receivable, the system generates deferral transactions automatically in accordance with the deferral code assigned. Deferral processing Custom deferral schedules Revenue recognition Rich reporting