Nexus Description

Your trade is digital. Your customers are global. Your sales are multichannel. And your accounting?

There is usually more demand for business in e-commerce than in stationary retailers, whether it’s on Amazon or on your own online shop, and the number of receipts on record can quickly reach the thousands. This is why your accounting processes — whether you’re an online merchant or a tax office — should maintain a balance between online retail channels and tax authorities.

To do this in an efficient way, you need a software that can keep up with the pace of digital trading, and do so automatically.
 

This involves:

• Providing automated data from a wide range of merchandise management and payment systems
• Recording outgoing invoices in the form of revenue bookings
• Correctly assigning payments from connected payment systems to captured invoices
• Automated transfers to financial accounting, e.g. Datev, Schleupen, Addison, etc.
• Automated submissions of VAT declarations in all 28 EU countries

The aim is to create a self-contained accounting process for outstanding balances that meets GoBD and German Fiscal Code requirements.

As an online merchant or tax office that manages your own accounting, Nexus is a real “value-adding machine” rather than just an “accounting machine.” This is a very powerful business management software tool that automates processes, frees up valuable time, reduces costs and brings to life the digital future of commercial accounting.

Shop Interfaces

• Plentymarkets
• JTL
• Shopware
• Afterbuy
• dekodi - Standard
• PIXI
• Datev outstanding balance list

Payment Platforms

• Amazon 
• Amazon Pay
• Klarna
• Real.de
• PayPal
• eBayPayments
• Bank accounts
• Stripe

Our software solution also offers traceability, which is required by German tax law (keyword: GoBD) for each individual business transaction.

One Nexus platform for all your needs — no need for stand-alone solutions

• Variety of shop and payment systems
• Comprehensive accounting of business transactions in eCommerce
• Avoid VAT errors
• Plausibility checks and data sampling
• EU-wide VAT & Intrastat delivery through our partner amavat in all 28 EU countries
• Multi-client capability

Nexus Features

• Automated booking of all transactions in online business, including currency exchange and fees 
• Easy connection to ERP/shop systems, marketplaces and payment systems 
• Assignment of payments to outgoing invoices/credit memos by the online business system 
• Support for most European Amazon platforms and full foreign currency support 
• Can also be used if delivery thresholds are exceeded (delivery threshold monitoring, analysis of postings from DATEV accounting) and can generate pro forma invoices 
• VAT and Intrastat notification to all 28 EU countries from Nexus via the partner amavat, or manual reporting can also be set up by the merchant 

Nexus Functionality

Nexus Pricing

Who should use Nexus

Our software solutions are aimed at businesses, tax consultancy firms, accountants and balance sheet accountants.