Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
Why don't the date ranges for aging segments work as expected in BUSY?
When you check Ageing Receivables / Payables (FIFO) reports in BUSY, you have to mention Party status as on date instead of date range because this report will show you outstanding days status.
I am not able to see customer outstanding bills, how can I troubleshoot?
In BUSY, We have to check in Outstanding analysis report under Bills Receiveable and Bills Payable option. If customer has not maintain the references then can check in Amount Receivable & Amount Payable.
I'm having trouble understanding my account statement. Can you explain the calculations?
If you are having trouble understanding account statement then to get the explain calculation
you can go to help menu and press F1 for user manual option or search the topic on youtube
How can I view the area-wise bill receivables? I only see totals.
To check area wise bills receivable you can use the Filter on State option when your open the report and can select the required state of which outstanding you want to view.
The aging is based on document date instead of due date. How do I change this?
When you generate ageing report in BUSY, there are both option of ageing basis either due date or bill date. You just need to select D / B while opening the report.
How can I share accounting records like invoices or statements with others in BUSY?
In BUSY, you can share accounting records like invoices or statements with others by exporting them as PDF or Excel files and then sending them via email or any other file-sharing method.
What are the different options for sales analysis available in BUSY
Options available for sales analysis are :
Step 1 : Click on display
Step 2 : Sales analysis
Step 3 : Various sale analysis reports are available like - party wise, item wise, etc.
What formula does the software use to calculate days outstanding?
The due days are calculate on the basis of due date or bill date in the bills receivable or payable report. There is no specific method or formula that is used.
What is FIFO basis for bills receivable?
FIFO basis for bills receivable means that the bills are adjusted based on the first-in, first-out method, where the first bill that came in is the first one to be adjusted.
How to track receivablespayables in BUSY
To track receivable and payable,we have to go to:
step1 :click on display
step 2 : outstanding analysis
step 3 : amount/bill receivable and payable report
step 4 : open report and track it