Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
What should I do if the report is not showing the actual information even after changing the due date and conditions?
if the report is not showing the actual information even after changing the due date and conditions in BUSY,please follow below steps:
Step 1: Check the data entry again.
Step 2: modify the bill reference in the same voucher.
Step 3 : Resave the voucher
Step 4: Recheck the report again.
How can I select a specific account to view outstanding bill receivable report in the BUSY software?
To view bill receivable outstanding report for a specific account in BUSY, you need to follow these steps:
Step 1: Go to display then outstanding analysis
Step 2: Select bill receivable report and select one account and select specific one account define date range and click on ok to see report.
What is the FIFO (First In First Out) basis under bill received? How does it work?
FIFO (First In First Out) basis under bill received means that the bills are adjusted based on the order in which they were received. The first bill received will be the first one to be adjusted. It is a method of stock valuation and the report is shown accordingly.
I want to group my aging report by account group name. How can I do this?
To group your ageing report by account group name you have to follow the steps
1 go to display menu and click on outstanding analysis
2 click on Ageing receivable or payable
3 select group of accounts and select the account group name
4 then select date range and ok
What is the procedure to generate a sales report by party and date range in BUSY
To generate sales report party wise date range wise in BUSY, we have to go to:
Step 1 : Click on display
Step 2 : Sales analysis
Step 3 : Standard - date/voucher - wise
Step 4 : All parties
Step 5 : Select date range
Step 6 : Check sales report party wise
How can I track my outstanding payments to customers and vendors in the software?
To see report for outstanding payment to customer , follow the steps below:
Step 1: Go to display then outstandaing analysis
Step 2: Select bills payable
Step 3: Now select between one account , group of account or all account as per requirement
Step 4: Mention date range then open report
How do I void or delete a transaction that was recorded incorrectly
To void or delete an incorrect invoice in BUSY, you can open the invoice and select the particular row to void or delete it. Or press the F9 key will hide the details and remove it from the invoice . Press F8 to delete all over invoice entry .
How can I track outstanding dues from customers?
You can track outstanding dues from customers in BUSY by using the Outstanding Analysis report. This report shows the pending amount, due date, due amount, and clearance status for each customer. go to:
Step 1 : Click on display
Step 2 :Outstanding analysis
Step 3 : Track amount payable and amount receivable
What do the negative and positive days mean in the bill reports?
When you check the Bill receivables and Payables report in BUSY with day basis on due date, the days will show in positive or negative:
Positive: It means that the due date has passed.
Negative: It means that the due date is still ahead and shows the remaining days.
How can I correct the on account entries without a reference?
If any entry is showing in the On Account Entries report it means in that entry bill reference is not created or adjusted. So if you want to correct it and remove from the on account entries report, you need to create or adjust the bill reference accordingly.