Visma.net Financials
The most efficient way to run your business
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.
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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
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.
Features include:
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Localized chart of accounts
Budgets
Allocations
Advanced financial reporting
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Multiple currencies support
Recurring transactions
Deferred revenue recognition
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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.
Features include:
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Invoicing and credit notes
Cash sale
Electronic invoicing
Multiple currencies support
Small balance write-off
Statement delivery via e-mail
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Collect payments electronically from the bank
Overdue charges calculation
Customer balance and credit limit verification
Automated tax reporting
Reminders and dunning letters
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.
Features include:
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Vendor management
Electronic invoicing
Localized invoices
Prepayments
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Make electronic payments
Multiple currencies support
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.
Features include:
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Cash account transactions
Multiple currencies support
Extensive drill-down capabilities
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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.
Features include:
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Multiple depreciation methods
Multiple averaging conventions
Fixed asset tools
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Fixed asset classes
Fixed asset hierarchies
Multiple asset types management
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.
Features include:
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Multiple rates per currency
Historical and audit reports
GL, AP, and AR revaluations
Tax
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Realized gain and loss calculation rules
Unrealized gain and loss calculation rules
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.
Features include:
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VAT reporting
Tax zones and categories
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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.
Features include:
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Deferral processing
Custom deferral schedules
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Revenue recognition
Rich reporting