Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - cost centre reports
How do I view the cost-center-wise breakdown for a specific account or party in BUSY?
To view a cost center-wise breakdown for a specific account or party in BUSY:
1. Navigate to the report "Displaysection.
2. Choose "Cost Centre Reports."
3. Select "Cost Centre Ledger."
4. Pick the desired Cost Centre Name.
5. Specify the Account Range (e.g., All, One Account, Group of Accounts, etc.).
6. Examine the account breakdown in the report.
7. Define the Date range for the data you want to view.
8. The report is now available for your review. You can check information such as Date, type, and Voucher number details, along with Account, Debit, and Credit balances, etc.
How do I allocate expenses/payments to a specific cost center when entering transactions in BUSY?
To allocate expenses/payments to a specific cost center when entering transactions in BUSY, you can follow these steps:
1. Go to Administration.
2. Click on Configuration.
3. Select 'Features and Options.'
4. Choose 'Accounts.'
5. Click on 'Cost Centers.'
6. Configure the settings as per your needs.
7. Create a Cost Center group. Afer this,
8. Enter transactions and allocate income/expense.
9. To allocate this amount Cost centre window can appear. Here you can specify the amount
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How can I include non-accounting vouchers like material issues in my cost center reporting in BUSY?
In BUSY, you can include non-accounting vouchers like material issues in your cost center reporting by following these steps:
1. Specify the Sales and Purchase A/c for the respective account heads for the items.
2. Enable the Cost Centre for the particular Account heads.
3. After making some material issues or any other type of vouchers in BUSY, cost center reports can be generated automatically.
How do I set up a cost center in BUSY?
To set up a cost center in BUSY, follow these steps:
1. Go to Administration.
2. Click on Configuration.
3. Select 'Features and Options.'
4. Choose 'Accounts.'
5. Click on 'Cost Centers.'
6. Configure the settings as per your needs.
7. Create a Cost Center group.
8. Enter transactions and allocate income/expense.
9. View the Cost Center report under the 'Display' menu.
How do I view the cumulative ledger for a specific cost center in BUSY?
To view the cumulative ledger for a specific cost center in BUSY, you can follow these steps:
1. Display
2. Cost Centre reports
3. Cost Centre Ledger
4. Select the Cost centre name
5. Then select the Account group name, Account name, Date etc.
6. Then you can view the report
I want to see a profit and loss report for a specific cost center in BUSY. How can I generate this?
Cost center-wise Profit & Loss view is not available. To access Cost Center-related reports such as the trial, ledger, summary, etc., you can follow the reports available under the 'Display' menu. [ Display - Cost centre reports]
What options are there for tracking projects and jobs?
In BUSY, there is an option to enable job work and track expenses by project. Additionally, there is an option to maintain job ID and track billable hours for projects.
Why are some entries showing up twice in my cost center reports in BUSY?
Entries may be showing up twice in your cost center reports in BUSY due to duplicate entries or incorrect data entry.
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