Frequently Asked
Questions
Find Solutions to Common Issues Related to accounting-reports - outstanding analysis
What steps should I take if a receipt voucher contains an error
If you encounter an error in a receipt voucher, it's important to address it promptly to maintain accurate financial records. Here are the steps you should take to correct a receipt voucher with an error:
Step 1 :Carefully review the receipt voucher to identify the specific error. It could...
How do I create a new sales invoicebill in BUSY but it says the reference number already exists
Recording Purchaseor sales in BUSY involves creating a Purchase or sales voucher or entry that captures the transaction details. Here's a step-by-step guide on how to record credit sales:
Step 1 :In the software's Transaction menu navigate to the Salesor Purchase Section. Look for an option that allows you...
How do I generate reports, manage receivables/payables and reconcile bank statements?
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...
How to register a new customer and record sales in BUSY
Recording Purchaseor sales in BUSY involves creating a Purchase or sales voucher or entry that captures the transaction details. Here's a step-by-step guide on how to record credit sales:
Step 1 :In the software's Transaction menu navigate to the Salesor Purchase Section. Look for an option that allows you to...
How do I enter a new sale into BUSY
Recording Purchaseor sales in BUSY involves creating a Purchase or sales voucher or entry that captures the transaction details. Here's a step-by-step guide on how to record credit sales:
Step 1 :In the software's Transaction menu navigate to the Salesor Purchase Section. Look for an option that allows you to...
What reports can I run in BUSY to see my sales, expenses, accounts receivable, etc?
Find out the reports which you can check to see your sales in BUSY
Step 1 : You can go to transaction
Step 2 : Then go to sales
Step 3 : Then go to list
Step 4 : Then check sales list report
Step 5 : And if you wants to check item wise sales
Step 6 : Then go to display
Step 7 : Then sales analysis
Step 8 : And then can check mutiple report with items wise details as per there requirement
And find out the report which you can check to see your Expense in BUSY
Step 1 : Go to Display
Step 2 : Then go to Gst reports
Step 3 : Then go to Gst audit report
Step 4 : Then go to Gst audit expense
Step 5 : Then can check expense - Gst nature wise report or Gst nature - Expense wise report as per your requirement
And find out the report to check account receivables
Step 1 : Go to Display
Step 2 : Then go to Outstanding Analysis report
Step 3 : And then check Amount receivable report with all accounts or group of accounts as per your requirement
I want to take aging for multiple states (e.g. Maharashtra and Gujarat) but the system only allows me to take aging for one state. How can I generate aging reports for multiple states?
To generate ageing reports for multiple states, you use custom column of state column & then apply multi filter. To configure it please follow the stepsbelow:
Step 1: Open ageing Bills payable /receivable report without filter on state option
Step 2: Click on the Custom Column option which is available at the top right on the report
Step 3: Then enter the name of the format and then press enter
Step 4: After this click on Add new column/row
Step 5: Enter the column title(State), then specify the position after which column you want to add the new column
Step 6: Select the data type(text) and then choose alignment and enter charcter
Step 7: Click on the data field and then select the category from which you want the data to appear in a new column(Account Master) and then select the account name col. (F1) select column field in which account name is showing
Step 8:Click on filed & select the field accordingly(ACC_STATE) and then save field & then save then column
Step 9: Re-open the Ageing Bills receivable/payable report with new created format
Step 10: Press F7 on report & then apply multiple filter on state and check
How can I alter the opening balances in prior financial periods in BUSY
Certainly, here are the steps to update master balances in the current financial year (FY) using the Update Master Balancesutility and then carry forward the balances to the next FY using the Change FYprocess in accounting software:
Step 1:Access your accounting software and log in with administrative or appropriate user credentials.
Step 1 :Look for the Update Master Balancesor a similar option. This utility is typically used to adjust or correct balances in the current FY.
Step 3 :In the Update Master Balancesutility, you may need to specify the parameters for the balances you want to update.
Step 4 :Find the Change FY process. This process is used to transition from the current FY to the next FY.
Step 5 :In the Change FYprocess, specify the start and end dates for the next FY.
Step 6 :Within the Change FYprocess, you should see an option to carry forward balances from the current FY to the next FY.
STep 7 :The software will carry forward the balances from the current FY's closing balances to the next FY's opening balances.
Step 8 :After completing the FY change process, review the results to ensure that the balances have been correctly carried forward.
How do I update the brought forward balance in BUSY
Certainly, here are the steps to update master balances in the current financial year (FY) using the Update Master Balancesutility and then carry forward the balances to the next FY using the Change FYprocess in accounting software:
Step 1:Access your accounting software and log in with administrative or appropriate user credentials.
Step 1 :Look for the Update Master Balancesor a similar option. This utility is typically used to adjust or correct balances in the current FY.
Step 3 :In the Update Master Balancesutility, you may need to specify the parameters for the balances you want to update.
Step 4 :Find the Change FY process. This process is used to transition from the current FY to the next FY.
Step 5 :In the Change FYprocess, specify the start and end dates for the next FY.
Step 6 :Within the Change FYprocess, you should see an option to carry forward balances from the current FY to the next FY.
STep 7 :The software will carry forward the balances from the current FY's closing balances to the next FY's opening balances.
Step 8 :After completing the FY change process, review the results to ensure that the balances have been correctly carried forward.
I want to run payroll for my employees. What are the steps I need to take in BUSY?
To run payroll for your employees in BUSY , follow these steps:
Step 1. Set up employee details: Add employee information such as name, designation, bank account details, and salary components.
Step 2. Configure salary structure: Define the salary components like basic salary, allowances, deductions, etc., and assign them to the employees.
Step 3. Process attendance and leave: Record employee attendance and leave details accurately to calculate salaries correctly.
Step 4. Generate salary vouchers: Create salary vouchers for each employee, specifying the salary components and amounts.
Step 5. Verify and approve vouchers: Review the salary vouchers for accuracy and approve them for payment.
Step 6. Process payroll: Calculate the net salary for each employee based on the approved vouchers and generate the payroll report.
Step 7. Make salary payments: Transfer the salary amount to the employees' bank accounts using the payment mode configured in BUSY.
Step 8. Generate salary slips: Generate customized salary slips for each employee, reflecting the salary details and deductions.
Step 9. Maintain payroll reports: Keep track of payroll reports such as salary register, bank advice, and TDS reports for future reference and compliance.
