After Setup, you can configure what should be synchronized from Fortnox to Younium.
This is under Settings - Integrations - Fortnox.
Fill this checkbox to collect currencies from Fortnox to Younium.
We can choose to collect exchange rates from Fortnox - this can be set up to synchronize automatically with a chosen time period.
We can synchronize payment terms from Fortnox into Younium by filling this checkbox.
If we have all the Charts of accounts in Fortnox which we want to use for the accounting in Younium we can synchronize these in this step.
In this step, we can synchronize Fortnox products into Younium products.
Important to be aware of, is that all the products from Fortnox will transfer into Younium as simple products and not as tiered or volume, etc.
In a similar way as with the products, we can synchronize the customers from Fortnox into accounts in Younium.
Project dimensions are used when projects in Fortnox should be added to Younium. This will show as a custom field on an Invoice/Invoice line level. To do this you will have to create an empty custom field list in Younium and then synchronize the projects from Fortnox.
The cost center dimension function is used when wanting to add cost centers from Fortnox to a custom field in Younium. This works similar to the Project dimension function, you will have to create an empty custom field in Younium and then synchronize the cost centers from Fortnox into Younium.
Under Events and actions, we can choose if the invoice should be posted in Fortnox or not when sent from Younium.
Important to be aware of in Fortnox when it comes to accrual is that:
Fortnox have very limited accrual options and only allows for one accrual per invoice. When using this feature you must be aware of the following
- All invoice lines with revenue recognition method set to Recognize monthly overtime will be accrued
- All invoice lines must use the same revenue and deferred revenue accounts
- Accrual amount = Sum of the subtotal for all accrued invoice lines
- Accrual start date = Minimum Service Period Start Date for the accrued invoice lines
- Accrual end date = Maximum Service Period End Date for the accrued invoice lines
- The accrued amount will be evenly distributed for all months, no prorating is performed
Therefore, when using the Fortnox connector, we recommend using Younium to automate the revenue recognition and post the revenue recognition journal to Fortnox for reconciliation at period closing.
All of the synchronizations can be done manually by pressing the Synchronize now button, or you can set up scheduled synchronizations (See https://younium.zendesk.com/hc/en-us/articles/360039234531-Schedule-jobs) so that all the information above is updated continuously.