Frequently Asked Questions

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.

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.

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

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.

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.

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.

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.

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.

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.

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