Frequently Asked
Questions

Q: What is the process to do manual reconciliation in BUSY between my bank statement and the software

Process of Bank reconciliation in BUSY:- Step 1:- Enable bank reconciliation from Administration Step 2:- Configuration Step 3:- Features & Options Step 4:- Accounts. Step 5:- Enable bank reconciliation Step 6:- After that do bank entries(Payment/Receipt Etc.) Now can reconcile entries from Step 1:- Display Step 2:- Bank Reconciliation Step 3:- Show uncleared entries Step 4:- Select entries and press F4 for clearing entries.

Q: How can I get historical bank reconciliation reports from BUSY

To check the bank Reconcile statement in BUSY, you can follow these steps: 1. Open the BUSY software on your computer. 2. Go to the Display and then Bank Reconciliationsection. 3. Select the "Reconciliation Statementand select the Bank which you want to check the statement. 4. You should be able to view the statement and expot in excel/PDF.

Q: What other features does the software have for managing my books?

BUSY has many features that can help you to manage your books. Some of the key features are: Bank Reconciliation, Ledger Reconciliation, GST Reconciliation, Depreciation, Bills Receivable / Payable, Inventory Reports, etc. There are more features that can be activated depending on the need and which edition of BUSY you are using.

Q: I posted an entry on a certain date but it is not showing in the bank reconciliation screen until I regularize it. Why is that?

When you do the PDC entry in that case it will not visible in bank reconciliation report until you regularize it it is not shows in your bank reconciliation because that entry is not part of your bank statement so after that your cheque is cleared you need to regularize it

Q: How do I ensure that all my transactions are accurately reflected in the reconciliation process?

To ensure that all your transactions are accurately reflected in the reconciliation process in BUSY, you need to regularly update and reconcile your bank transactions, provide all necessary details while adding or modifying transactions, and ensure that credit notes and debit notes are properly linked to relevant invoices.

Q: Which payments and receipts need to be cleared in my account

To determine which payments and receipts need to be cleared in your account, you should review your account statement or contact your bank or financial institution. They will be able to provide you with the most accurate and up-to-date information regarding the status of your payments and receipts.

Q: I'm having trouble saving/modifying a voucher. It says the voucher date cannot be greater than the reconciliation date. How can I fix this?

If you have already clear that voucher from bank reconciliation report then you cant specify the voucher date more then the clearance date for that voucher If you want to specify the voucher date more than its clearance date kindly unclear that voucher and change the voucher date

Q: I need to see uncleared cheques. Is there a report for this?

BUSY has a report which shows uncleared bank entries, to check that report follow these steps: Step 1: Go to Display menu and click on Bank Reconciliation. Step 2: Select Show Uncleared Entries and choose your Bank. Step 3: Enter the date range the open the report and can view.

Q: Can I import my bank statement directly into BUSY for reconciliation

No, you can import your bank statement directly into BUSY for reconciliation.BUSY provides customer support through both phone and email. You can reach their customer support team by calling on 8282828282 number or by sending an email on support@busy.in with your issues/Query and your BUSY Sr. Number..

Q: How do I link transactions in BUSY to my bank statement

If BUSY does not have an option to add or import bank statements directly, you may need to manually enter the bank transactions into the software. While this process may be less automated than importing statements, it can still be effective in maintaining accurate financial records.

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What is the process to do manual reconciliation in BUSY between my bank statement and the software

Process of Bank reconciliation in BUSY:-
Step 1:- Enable bank reconciliation from Administration
Step 2:- Configuration
Step 3:- Features & Options
Step 4:- Accounts.
Step 5:- Enable bank reconciliation
Step 6:- After that do bank entries(Payment/Receipt Etc.)
Now can reconcile entries from 
Step 1:- Display
Step 2:- Bank Reconciliation
Step 3:- Show uncleared entries
Step 4:- Select entries and press F4 for clearing entries.

How can I get historical bank reconciliation reports from BUSY

To check the bank Reconcile statement in BUSY, you can follow these steps:
1. Open the BUSY software on your computer.
2. Go to the Display and then Bank Reconciliationsection.
3. Select the "Reconciliation Statementand select the Bank which you want to check the statement.
4. You should be able to view the statement and expot in excel/PDF.

What other features does the software have for managing my books?

BUSY has many features that can help you to manage your books. Some of the key features are: Bank Reconciliation, Ledger Reconciliation, GST Reconciliation, Depreciation, Bills Receivable / Payable, Inventory Reports, etc. There are more features that can be activated depending on the need and which edition of BUSY you are using.

I posted an entry on a certain date but it is not showing in the bank reconciliation screen until I regularize it. Why is that?

When you do the PDC entry in that case it will not visible in bank reconciliation report until you regularize it
it is not shows in your bank reconciliation because that entry is not part of your bank statement so after that your cheque is cleared you need to regularize it

How do I ensure that all my transactions are accurately reflected in the reconciliation process?

To ensure that all your transactions are accurately reflected in the reconciliation process in BUSY, you need to regularly update and reconcile your bank transactions, provide all necessary details while adding or modifying transactions, and ensure that credit notes and debit notes are properly linked to relevant invoices.

Which payments and receipts need to be cleared in my account

To determine which payments and receipts need to be cleared in your account, you should review your account statement or contact your bank or financial institution. They will be able to provide you with the most accurate and up-to-date information regarding the status of your payments and receipts.

I'm having trouble saving/modifying a voucher. It says the voucher date cannot be greater than the reconciliation date. How can I fix this?

If you have already clear that voucher from bank reconciliation report then you cant specify the voucher date more then the clearance date for that voucher
If you want to specify the voucher date more than its clearance date kindly unclear that voucher and change the voucher date

I need to see uncleared cheques. Is there a report for this?

BUSY has a report which shows uncleared bank entries, to check that report follow these steps:
Step 1: Go to Display menu and click on Bank Reconciliation.
Step 2: Select Show Uncleared Entries and choose your Bank.
Step 3: Enter the date range the open the report and can view.

Can I import my bank statement directly into BUSY for reconciliation

No, you can import your bank statement directly into BUSY for reconciliation.BUSY provides customer support through both phone and email. You can reach their customer support team by calling on 8282828282 number or by sending an email on support@busy.in with your issues/Query and your BUSY Sr. Number..

How do I link transactions in BUSY to my bank statement

If BUSY does not have an option to add or import bank statements directly, you may need to manually enter the bank transactions into the software. While this process may be less automated than importing statements, it can still be effective in maintaining accurate financial records.

Frequently AskedQuestions