Frequently Asked
Questions

Q: The depreciation chart is showing incorrect amounts. How can I get this fixed?

The depreciation chart shows the depreciation amount based on the rate of depreciation that you have set in the fixed assets masters. If the depreciation amount is incorrect, you should check the rate of depreciation in the fixed assets masters and correct it if needed. Also, when you open the depreciation chart, you should specify the depreciation account as Depreciation A/c.

Q: How do I check the depreciation being calculated is correct in BUSY

Open the depreciation chart report from Display Tab then check the rate of depreciation is correct. In the report there is coloumn of depreciation to be charged. Check that amount and calculate the same fixed assets depreciation against rate on calculator it will always match. If issue with the amount please contact our support Helpline no. i.e., 8282828282 or 011-40694069

Q: Do I need to type out the depreciation chart separately in BUSY or can I print the full chart

Please follow below mention steps for depreciation chart:- Step 1:- Define depreciation rate in Fixed Assets half yearly and yearly then, Step 2:- Display Tab Step 3:- Depreciation Chart Step 4:- Select depreciation ledger all Fixed Assets will show with respective depreciation rate press "F4key to Post Depreciation Voucher. After charge depreciation on fixed assets you can print same Depreciation chart report from BUSY.

Q: Where in BUSY do I specify the depreciation rate

Depreiciation rate in BUSY specify in fixed asset master. Please follow below mention steps for specification of depreciation rate:- Step 1:- Administration Tab Step 2:- Masters Step 3:- Account Step 4:- Add, enter fixed asset name on master group define fixed assets then a window appear define depreciation rate You can check rates of fixed assets go to Display Tab then Depreciation Chart

Q: Where can I find the option to enable company act depreciation in BUSY

Please follow below mention steps to enable Company's Act Depreciation in BUSY:- Step 1:- Administration Tab Step 2:- Configration Step 3:- Feature / option Step 4:- Accounts Step 5:- Click on checkbox on Company's Act Depreciation After enable option go to Display Tab and then Depreciation Chart it show 2 rule Income Tax Act and Company's Act (W.D.V. Method). Select Company's Act

Q: How is the depreciation chart calculated in BUSY Is it based on percentages

Yes, Depreciation chart calculate depreciation as per precentages you had defined in fixed assets master. Please follow below mention steps for checking depreciation chart:- Step 1:- Display Tab Step 2:- Depreciation Chart Select depreciation ledger and then chart will open all Fixed assets will show with their respective rates which is mention in masters. check depreciation to be charged filed

Q: I want to see the depreciation amounts from last year compared to this year Can I find that in BUSY

Yes, you can compare previous year depreciation in current year please follow below mention steps:- Step 1:- Display Tab Step 2:- Final Results Step 3:- Profit & Loss A/c Step 4:- Horizontal Or Vertical (Standard) Step 5:- Enable option show previous year balances also, it reflect previous year data too. Further you can check depreciation ledger by press "Alt+Land put previous year date.

Q: I need a copy of the depreciation chart Can you help me with that

Please follow below mention steps for checking depreciation chart:- Step 1:- Display Tab Step 2:- Depreciation Chart Step 3:- Select ledger of depreciation all fixed assets will reflect with their respective depreciation rate then on the top of report click on export option or press "Alt+Eselect format and then save report. Saved report is a copy of depreciation chart

Q: I want to take a printout of the depreciation chart What should I do

Please follow below mention steps for print the depreciation chart for a specific asset account:- Step 1:- Display Tab Step 2:- Depreciation Chart Step 3:- Select depreciation Ledger, All fixed assets will reflect with respective depreciation rate. Select asset account enter select account ledger and then press "Alt+Por on the top of report option click on print.

Q: I want to print the depreciation chart for a specific asset account How can I do that

Please follow below mention steps for print the depreciation chart for a specific asset account:- Step 1:- Display Tab Step 2:- Depreciation Chart Step 3:- Select depreciation Ledger, All fixed assets will reflect with respective depreciation rate. Select asset account enter select account ledger and then press "Alt+Por on the top of report option click on print.

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The depreciation chart is showing incorrect amounts. How can I get this fixed?

The depreciation chart shows the depreciation amount based on the rate of depreciation that you have set in the fixed assets masters. If the depreciation amount is incorrect, you should check the rate of depreciation in the fixed assets masters and correct it if needed. Also, when you open the depreciation chart, you should specify the depreciation account as Depreciation A/c.

How do I check the depreciation being calculated is correct in BUSY

Open the depreciation chart report from Display Tab then check the rate of depreciation is correct. In the report there is coloumn of depreciation to be charged. Check that amount and calculate the same fixed assets depreciation against rate on calculator it will always match.
If issue with the amount please contact our support Helpline no. i.e., 8282828282 or 011-40694069

Do I need to type out the depreciation chart separately in BUSY or can I print the full chart

Please follow below mention steps for depreciation chart:-
Step 1:- Define depreciation rate in Fixed Assets half yearly and yearly then,
Step 2:- Display Tab
Step 3:- Depreciation Chart
Step 4:- Select depreciation ledger all Fixed Assets will show with respective depreciation rate press "F4key to Post Depreciation Voucher.
After charge depreciation on fixed assets you can print same Depreciation chart report from BUSY.

Where in BUSY do I specify the depreciation rate

Depreiciation rate in BUSY specify in fixed asset master. Please follow below mention steps for specification of depreciation rate:-
Step 1:- Administration Tab
Step 2:- Masters
Step 3:- Account
Step 4:- Add, enter fixed asset name on master group define fixed assets then a window appear define depreciation rate 
You can check rates of fixed assets go to Display Tab then Depreciation Chart

Where can I find the option to enable company act depreciation in BUSY

Please follow below mention steps to enable Company's Act Depreciation in BUSY:-
Step 1:- Administration Tab
Step 2:- Configration
Step 3:- Feature / option
Step 4:- Accounts
Step 5:- Click on checkbox on Company's Act Depreciation 
After enable option go to Display Tab and then Depreciation Chart it show 2 rule Income Tax Act and Company's Act (W.D.V. Method). Select Company's Act

How is the depreciation chart calculated in BUSY Is it based on percentages

Yes, Depreciation chart calculate depreciation as per precentages you had defined in fixed assets master. Please follow below mention steps for checking depreciation chart:-
Step 1:- Display Tab
Step 2:- Depreciation Chart
Select depreciation ledger and then chart will open all Fixed assets will show with their respective rates which is mention in masters. check depreciation to be charged filed

I want to see the depreciation amounts from last year compared to this year Can I find that in BUSY

Yes, you can compare previous year depreciation in current year please follow below mention steps:-
Step 1:- Display Tab
Step 2:- Final Results
Step 3:- Profit & Loss A/c
Step 4:- Horizontal Or Vertical (Standard)
Step 5:- Enable option show previous year balances also, it reflect previous year data too.
Further you can check depreciation ledger by press "Alt+Land put previous year date.

I need a copy of the depreciation chart Can you help me with that

Please follow below mention steps for checking depreciation chart:-
Step 1:- Display Tab
Step 2:- Depreciation Chart
Step 3:- Select ledger of depreciation all fixed assets will reflect with their respective depreciation rate then on the top of report click on export option or press "Alt+Eselect format and then save report.
Saved report is a copy of depreciation chart

I want to take a printout of the depreciation chart What should I do

Please follow below mention steps for print the depreciation chart for a specific asset account:-
Step 1:- Display Tab
Step 2:- Depreciation Chart
Step 3:- Select depreciation Ledger, All fixed assets will reflect with respective depreciation rate. Select asset account enter select account ledger and then press "Alt+Por on the top of report option click on print.

I want to print the depreciation chart for a specific asset account How can I do that

Please follow below mention steps for print the depreciation chart for a specific asset account:-
Step 1:- Display Tab
Step 2:- Depreciation Chart
Step 3:- Select depreciation Ledger, All fixed assets will reflect with respective depreciation rate. Select asset account enter select account ledger and then press "Alt+Por on the top of report option click on print.

Frequently AskedQuestions