Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
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.
How do I handle VAT and other 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.
How is GST calculated on bills 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 handle late or unpaid invoices in BUSY?
If any invoice payment is late or unpaid, then you need to follow up with them and request them to pay. BUSY can help you with this by generating payment reminders that you can send to your customers. To generate it follow these steps:
Step 1: First, open your company and click on the Print / Email / SMS tab on the top menu bar.
Step 2: Then, click on Outstanding Analysis and choose Payment Reminder option.
Step 3: Next, you can view the report by selecting one of these options: Balance Only, Pending Bills or Due Bills.
Step 4: After that, you can filter the report by party. You can select One Party, Group of Parties, All Parties or Selected Parties as per your requirement.
Step 5: Now, you can select the report date and print it or export it as a PDF file.
Step 6: You can also share it via Email, Whatsapp or BUSY BNS app with your customers.
How to track accounts receivable/payable and generate sales/purchase reports?
If you want to view Amount Receivables / Payables in BUSY, you can follow these steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Display tab and click on Outstanding Analysis.
Step 2: Choose the Amount Receivable / Amount Payable that you want to view. You can filter the report by All Accounts, Group of Accounts or Selected Accounts. Then, enter the end date for tracking the outstanding amount and open the report.
To generate Sales / Purchase reports, you can follow these steps:
Step 1: Go to the Display menu and click on Account Books. Then, select Account Registers (Standard).
Step 2: Select the Sales Register / Purchase Register that you want to view. You can filter the report by All Parties, Group of Parties, Selected Parties or One Party.
Step 3: Enter the date range and open the report. This will show you the Sale / Purchase data for the specified period.
