Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
How can I set up automatic salary payment to employees using the payroll software? I want to streamline the process.
To set up automatic salary payment to employees using payroll software, you will need to follow these steps:
Step 1. Configure the payment mode: Set up the payment mode as Bank Transfer or Direct Deposit in the payroll software.
Step 2. Link employee bank accounts: Enter the bank account details of each employee in the software. This will allow the software to automatically transfer the salary to their respective bank accounts.
Step 3. Set up salary processing: Configure the salary structure and components for each employee, including basic salary, allowances, deductions, and taxes.
Step 4. Schedule salary processing: Set a specific date for salary processing, such as the last working day of the month. This will ensure that salaries are processed automatically on the scheduled date.
Step 5. Generate salary vouchers: The payroll software will automatically generate salary vouchers based on the configured salary structure and employee details.
Step 6. Initiate automatic payment: Once the salary vouchers are generated, the payroll software can be set to automatically initiate the payment to the employees' bank accounts.
How do I search for a specific customers outstanding amount in BUSY
In BUSY, you can generate various reports to consolidate party-wise transactions and view accounts receivable for selected parties or all parties. Here's how you can do it:
Step 1 :Select Ledgeror Account Ledger.
step 2 :Choose the specific party or ledger account for which you want to view transactions. You can do this by selecting the party from the list.
Step 3 :This report will consolidate all transactions for that party, including invoices, payments, and adjustments.
Step 4 :Look for a report titled Bills Receivableor Outstanding Bills.
Step 5 :Generate the report, and it will show you the outstanding bills receivable for the selected parties or all parties, including details like invoice numbers, due dates, and amounts
Step 6 :Remember that the specific steps and names of options in BUSY may vary depending on the version and configuration of the software. If you have trouble finding these reports or need further assistance, it's a good idea to refer to BUSY's user documentation or contact their customer support for guidance tailored to your specific version of the software.
How do I see my outstanding bills receivable in BUSY
In BUSY, you can generate various reports to consolidate party-wise transactions and view accounts receivable for selected parties or all parties. Here's how you can do it:
Step 1 :Select Ledgeror Account Ledger.
step 2 :Choose the specific party or ledger account for which you want to view transactions. You can do this by selecting the party from the list.
Step 3 :This report will consolidate all transactions for that party, including invoices, payments, and adjustments.
Step 4 :Look for a report titled Bills Receivableor Outstanding Bills.
Step 5 :Generate the report, and it will show you the outstanding bills receivable for the selected parties or all parties, including details like invoice numbers, due dates, and amounts
Step 6 :Remember that the specific steps and names of options in BUSY may vary depending on the version and configuration of the software. If you have trouble finding these reports or need further assistance, it's a good idea to refer to BUSY's user documentation or contact their customer support for guidance tailored to your specific version of the software.
What reports show consolidated partywise transactions in BUSY
In BUSY, you can generate various reports to consolidate party-wise transactions and view accounts receivable for selected parties or all parties. Here's how you can do it:
Step 1 :Select Ledgeror Account Ledger.
step 2 :Choose the specific party or ledger account for which you want to view transactions. You can do this by selecting the party from the list.
Step 3 :This report will consolidate all transactions for that party, including invoices, payments, and adjustments.
Step 4 :Look for a report titled Bills Receivableor Outstanding Bills.
Step 5 :Generate the report, and it will show you the outstanding bills receivable for the selected parties or all parties, including details like invoice numbers, due dates, and amounts
Step 6 :Remember that the specific steps and names of options in BUSY may vary depending on the version and configuration of the software. If you have trouble finding these reports or need further assistance, it's a good idea to refer to BUSY's user documentation or contact their customer support for guidance tailored to your specific version of the software.
How do I check how much I have collected so far against the total billed amount for a specific product group across all parties in BUSY
To generate various reports, including audit logs, in BUSY, you can go to the Reports section in the software. From there, you can select the specific report you want to generate, such as the Audit Trail report. The software will then generate the report based on the selected parameters and display it for you to view or export. Please follow the steps :
Step 1 : Within the Display or Reports section, find the option that allows you to generate a report on Amounts Receivable - Payableor Bills Receivable and Payable ,Aging Analysis.
Step 2 :After selecting the report option, you will likely be prompted to specify the date range for the report.
Step 3 : You can select party group , one selected parrty or all accounts report view.
Step 3 :After selecting the report option, you will likely be prompted to specify the report view like due , pending , or All including .
Step 4 : Select as per you requirement and save the changes and generate the report.
How do I apply payments in BUSY if I received them into my bank account rather than cash
If BUSY is showing the full amount as still due after receiving a partial payment, there may be a specific issue or mistake that needs to be addressed. Here are some common reasons why this might occur and steps to help you identify and rectify the problem:
Step 1:Ensure that you've allocated the partial payment to the specific invoice you want to pay.
Step 2 :Review the payment entry and confirm that the payment amount accurately reflects the partial payment received.
Step 3 :Check if the partial payment was accidentally applied to another invoice. If so, reallocate the payment to the correct invoice.
Step 4 :Correct the payment date to match the actual date of payment.
Step 5 : If none of the above solutions resolve the problem, consider contacting BUSY's customer support for assistance.
Step 6 :If you didn't save the payment entry, re-enter the payment with the correct details and be sure to save it.
Step 7 ;Find the option in BUSY to mark the invoice as Paidor Closedonce the partial payment is applied.
I received a partial payment but BUSY is showing the full amount still due What did I miss
If BUSY is showing the full amount as still due after receiving a partial payment, there may be a specific issue or mistake that needs to be addressed. Here are some common reasons why this might occur and steps to help you identify and rectify the problem:
Step 1:Ensure that you've allocated the partial payment to the specific invoice you want to pay.
Step 2 :Review the payment entry and confirm that the payment amount accurately reflects the partial payment received.
Step 3 :Check if the partial payment was accidentally applied to another invoice. If so, reallocate the payment to the correct invoice.
Step 4 :Correct the payment date to match the actual date of payment.
Step 5 : If none of the above solutions resolve the problem, consider contacting BUSY's customer support for assistance.
Step 6 :If you didn't save the payment entry, re-enter the payment with the correct details and be sure to save it.
Step 7 ;Find the option in BUSY to mark the invoice as Paidor Closedonce the partial payment is applied.
How do I view pending or outstanding balances for customers in BUSY
To generate various reports, including audit logs, in BUSY, you can go to the Reports section in the software. From there, you can select the specific report you want to generate, such as the Audit Trail report. The software will then generate the report based on the selected parameters and display it for you to view or export. Please follow the steps :
Step 1 : Within the Display or Reports section, find the option that allows you to generate a report on Amounts Receivable - Payableor Bills Receivable and Payable ,Aging Analysis.
Step 2 :After selecting the report option, you will likely be prompted to specify the date range for the report.
Step 3 : You can select party group , one selected parrty or all accounts report view.
Step 3 :After selecting the report option, you will likely be prompted to specify the report view like due , pending , or All including .
Step 4 : Select as per you requirement and save the changes and generate the report.
I made a payment but the other party says it hasnt been received How do I confirm the payment went through in BUSY
To confirm that a payment you made has gone through in BUSY, you can follow these steps:
Step 1 ;Verify that you used the correct payment method and account details when making the payment.
Steo 2; Look for a confirmation or transaction receipt from your bank or payment service provider.
Step 3; Review your bank statement or online banking transactions to see if the payment has been deducted from your account.
Step :4 Contact BUSY or the recipient of the payment and inquire about the status of the payment.
Step 5 :Some payment methods and online banking services offer tracking features.
STep 6 :If you cannot find any confirmation or if there is any doubt about the payment, contact BUSY's customer support or the recipient's customer support for assistance.
Step 7 :If it turns out that the payment did not go through, and you have a confirmation that you made the payment, you may need to initiate a payment investigation or reversal through your bank or payment service provider to resolve the issue.
Manage accounts receivable aging in BUSY.
To track the accounts receivable aging in BUSY, you can use the Outstanding Analysis feature to generate a report that shows how much money customers owe you and how long they have been overdue. To do this, follow these steps:
Step 1: Go to Display menu and click on Outstanding Analysis.
Step 2: If you are using the Bill by Bill feature, select Ageing Receivables / Payables. This option will show you the outstanding amounts based on the bill reference number. You can filter the report by One Account, Group of Accounts, All Accounts, Selected Accounts, or Selected Groups.
Step 3: If you are not using the Bill by Bill feature, select Ageing Receivables (FIFO Basic) / Payables (FIFO Basic). This option will show you the outstanding amounts based on the bill date.
Step 4: Enter the date range for the report and click on Open. The report will display the outstanding amounts in different age brackets, such as 0-30 days, 31-60 days, 61-90 days, and so on.
