Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
How can I track due days of bill and expenses ledger ?
To track due days of bills you can follow some steps:
Step 1: Go to Display and click on Outstanding Analysis.
Step 2: Now click on Bills Receivable report or can click on Bills Receivable FIFO Basis.
Step 3: Now select the party for which you want to generate report and then select one option from the two option which are summmary only or bill wise.
Step 4: Now enter the period and enable options there as per your reqirement and click on OK Option. there you can check the due days of your bills.
To see the expense ledger you can follow some steps:
Step 1: Go to Display and then click on Accounts Books.
Step 2: Now click on Accouns Ledger and select account wise
Step 3: Now click on Standard and select the Account name or group of expense for which you want to se ledger
Step 4: Mention the time period and enable the options there as per your reqirement and click on OK Option.
I want to track my accounts receivable aging in BUSY but I don't see aging reports. Are aging reports available and if so, where can I find them?
To track your accounts receivable ageing in BUSY, you can access ageing reports through the following steps:
Steps 1: Go to Display, then select Outstanding Analysis, and choose Ageing Receivables.
Steps 2: Select the option for ageing analysis, which can be done for one account, a group of accounts, all accounts, selected accounts, or selected groups.
Steps 3: Specify the date range and relevant information, then press OK or F2 to generate the ageing analysis report.
Another report option is:
Steps 1: Navigate to Display, then select Outstanding Analysis.
Steps 2: Choose Ageing Receivables (FIFO Basis).
Steps 3: Select whether you want to view the report party-wise or party-group-wise.
Steps 4: Choose the option to generate an ageing receivables report (FIFO basis) for one party, a group of parties, all parties, or selected parties.
Steps 5: Specify the date and other relevant information and press OK or F2 to load the ageing analysis (FIFO basis) report.
These reports will help you manage and analyze your accounts receivable ageing in BUSY.
Im trying to apply a partial payment to an invoice in BUSY but its not working right What are the steps
Applying a partial payment to an invoice in BUSY should be straightforward, but if you're encountering issues, here are the steps to correctly apply a partial payment:
Step 1 :Open the BUSY software and log in with your credentials.
Step 2 :Navigate to the area of the software where you can access invoices.
Step 3 :Find the invoice for which you want to record a partial payment.
Step 4 :Open the invoice by clicking on it or selecting it from the list.
Step 5 :Look for a Paymentor Receive Paymentbutton or option.
Step 6:In the payment section, you should be able to specify the amount of the partial payment you are receiving.
Step 7 :Often, you will see a field where you can allocate or apply the payment to specific invoice items.
Step 8 :Ensure that the payment date is accurate and matches the date when you received the partial payment.
Step 9:Once you've entered the partial payment amount and allocated it to the invoice, save the changes.
The amount is showing twice in the Bill Receivable report How can I show it only once
Applying a partial payment to an invoice in BUSY should be straightforward, but if you're encountering issues, here are the steps to correctly apply a partial payment:
Step 1 :Open the BUSY software and log in with your credentials.
Step 2 :Navigate to the area of the software where you can access invoices.
Step 3 :Find the invoice for which you want to record a partial payment.
Step 4 :Open the invoice by clicking on it or selecting it from the list.
Step 5 :Look for a Paymentor Receive Paymentbutton or option.
Step 6:In the payment section, you should be able to specify the amount of the partial payment you are receiving.
Step 7 :Often, you will see a field where you can allocate or apply the payment to specific invoice items.
Step 8 :Ensure that the payment date is accurate and matches the date when you received the partial payment.
Step 9:Once you've entered the partial payment amount and allocated it to the invoice, save the changes.
How can I generate reports to see payments received against bills in BUSY
To generate statements or reports on accounts receivable in BUSY, you can use the Accounts Receivable Agingreport. This report provides a summary of outstanding balances owed by customers. You can customize the report by selecting the date range and specific customers. Additionally, you can export the report to Excel for further analysis or printing.
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 extract outstanding payment data for a specific vendor in BUSY
To extract outstanding payment data for a specific vendor in BUSY, you can follow these steps:
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 generate statements or reports on accounts receivable in BUSY
To generate statements or reports on accounts receivable in BUSY, you can use the Accounts Receivable Agingreport. This report provides a summary of outstanding balances owed by customers. You can customize the report by selecting the date range and specific customers. Additionally, you can export the report to Excel for further analysis or printing.
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 run an outstanding analysis report in BUSY
To generate statements or reports on accounts receivable in BUSY, you can use the Accounts Receivable Agingreport. This report provides a summary of outstanding balances owed by customers. You can customize the report by selecting the date range and specific customers. Additionally, you can export the report to Excel for further analysis or printing.
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 a GST tax coderate in BUSY
To set up and manage taxes like GST and VAT in BUSY, you can follow these steps: 1. Go to the Masters menu and select Tax Category to create tax categories for GST and VAT. 2. Under the Masters menu, select Tax to create tax rates for different GST and VAT slabs. 3. Assign the tax rates to the respective tax categories. 4. In the Ledger menu, create separate ledgers for GST and VAT. 5. Set the tax category and tax rate for each ledger. 6. While creating invoices or recording transactions, select the appropriate tax ledger and the software will automatically calculate the tax amount based on the tax rate. 7. Generate tax reports such as GST reports, VAT reports, and tax computation reports to monitor and manage your tax liabilities. By following these steps, you can easily set up and manage taxes like GST and VAT in BUSY, ensuring compliance with tax regulations and accurate tax calculations.
How do I set up and configure taxes in BUSY
To set up and manage taxes like GST and VAT in BUSY, you can follow these steps: 1. Go to the Masters menu and select Tax Category to create tax categories for GST and VAT. 2. Under the Masters menu, select Tax to create tax rates for different GST and VAT slabs. 3. Assign the tax rates to the respective tax categories. 4. In the Ledger menu, create separate ledgers for GST and VAT. 5. Set the tax category and tax rate for each ledger. 6. While creating invoices or recording transactions, select the appropriate tax ledger and the software will automatically calculate the tax amount based on the tax rate. 7. Generate tax reports such as GST reports, VAT reports, and tax computation reports to monitor and manage your tax liabilities. By following these steps, you can easily set up and manage taxes like GST and VAT in BUSY, ensuring compliance with tax regulations and accurate tax calculations.
