Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
Is it possible to carry forward all balances to next financial year without carry forward the entire item balances?
Yes, it is possible to carry forward all balances to next financial year without carry forward the entire item balances.You need to follow these steps :
Step 1: Go to company menu and take backup of your data for which you want to change financial year from backup data option.
Step 2: Open your company in which you want to make change now go to administration menu then click on Create new financial year and click on OK button.
Step 3: A window will pop up in that window tick on checkbox of Do not carry item balances and then click on start button to create new financial year.
Step 4: And finishing the process you will get an pop-up of Financial year changes successfully and click on Ok button to auto switch in the new financial year.
Step 5: Now data will carry forward to next financial year without carrying forward item balances.
I am unable to see the opening stock for the current financial year. How can I update the opening stock balance?
If the opening stock for current financial year is not updating then follow the below steps:
1.If the previous financial year exist.
Step 1: Login company with superuser and switch the financial year to previous year through F11 shortcut key.
Step 2: Now, check the closing stock and then resave the stock account.
Step 3: Next, Go to administration then change financial year option.
Step 4: Select the target financial year then select yes to carry balance option, select new & changed master option and click on start.
Step 5: After completing the process, check the opening stock.
2.If the financial year is splited.
Step 1: Go to administration then click on master menu
Step 2: Choose the accounts tab then select the modify option.
Step 3: Access the stock account and update the opening balance.
The opening balances are getting carried forward to the new financial year. I want to start with a blank slate. How can I remove or reset opening balances?
Once you carry balances in next year Don’t have option to remove or reset opening balances. But in BUSY have two option to remove or reset opening balances.
Option 1 while creating new F.Y. in BUSY.
Step 1: Go to Administration Menu and click on Change F.Y. option
Step 2: Under Change F.Y. option click on New Year from 01-04-2024 or your desired date and year.
Step 3: On Create New Year window tick on Create New Year Only (Don’t Carry Balances)
Step 4: Click on Start to initiate the process.
Option 2. If you have already created a new F.Y and carried opening balances, you can still remove or blank them by splitting the year. once you Split F.Y. you can modify master account or item and update remove opening balances. If you want to remove or blank for list of master, you can do through Bulk Updations option.
Why am I seeing pending entries from the previous financial year in my current year books in BUSY? How can I clear them?
If you are seeing pending entries from previous financial year in your current financial year books in BUSY, you are seeing this entry because you don’t have cleared that entries in last financial year and you have carry that data while changing financial year. To clear pending entries from the previous financial year in BUSY, you need to go to the previous financial year and make an adjustment entry for the pending amount. Once the adjustment entry is made, the pending amount will be cleared.
After cleared all entries carry financial year data to next financial year.
Step 1: Go to Administration Menu.
Step 2: Click on change financial year option.
Step 3: choose F.Y. which you want to carry FY.
Step 4: Balances to be carried for click on new & changed masters.
Step 5: Click on Start and after Finish process again check current financial year books in BUSY.
Do I need to update All Master if there are changes in the opening and closing balance of parties?
If you have made changes in the opening and closing balances of parties then you have to carry forward all master for change financial year. To carry forwar the year please follow the below steps.
Step 1: Open company then press F11 to switch the last financial year.
Step 1: Go to the House keeping menu and then select the Update master balance Option.
Step 2: And then click on the ok button to start the process and wait till complete it.
Step 3: After completion of Update master balance process . you need to carry forward balance to next financial year.
Step 4: Go to Administration menu then click on change financial year option.
Step 5: Then Select the relevant year as current year.
Step 6: A dialogue box appear Carry Balance All Masters, New and change master. Select All master process will start updating balance in next financial year.
I need to update opening balances of accounts in next financial year which is carry forward from the previous year.
If you need to update opening balance of accounts in next financial year which is carry forward from the previous year, you need to split the current financial year by using these steps:
Step 1: Close your company and take backup of it.
Step 2: Select split financial year option under the company menu.
Step 3: Select the company which you want to split and enter the super or admin username and password.
Step 4: Tick on the current financial year then click on the split button.
Step 5: A seperate company will be created of current financial year in the list of companies.
Step 6: Open the splited company then go to administration menu and click on account.
Step 7: Click on modify and select that account of which opening balance you want to update.
Step 8: After opening modify the opening balance in the relevant field then save.
How do I move the balance forward to the next financial year in BUSY?
When creating a new financial year in BUSY, the balances from the previous year are automatically
carried forward to the next year. However, if the balances are not updated properly after creating
the next financial year, you can follow the steps given below:
Step 1: First, take a backup of your company from the backup data option.
Step 2: Then, open the company and go to the previous year by using F11. From there, select the
Housekeeping menu and run the Update Master Balances option.
Step 3: Now, go to the Administration menu and select the 'Change Financial Year' option. Click
on the next year option and a window to carry forward the balances will appear.
Step 4: Select 'yes' on the 'Carry Forward Balances' option. A window will appear showing all
masters and new/change masters.
Step 5: Click on the 'New and Change Master' option, then click on the 'Start' button.
Why is the option to split middle financial year not available?
In BUSY, you can split first and last financial year of data. To separate middle financial year, you need to take backup of single financial year and restore the same with overwrite no.
To take backup for selected financial year in BUSY, follow these steps:
Step 1: Open BUSY then click on company menu.
Step 2: Choose the backup data option then select required company
Step 3: Mention the company admin username and password and click on ok tab
Step 4: Specify the path for backup, select the required financial year and click on ok to take backup.
To restore the data backup in BUSY, follow these steps:
Step 1: Open the BUSY then click on company menu.
Step 2: Select the restore data option then specify the backup path for restoration.
Step 3: Click on ok tab then select yes for data restoration and select No for overwrite.
I transferred last years data when opening the new company Why cant I see the original detail from last year
From Last Year to Current Financial Year, If Opening Balances and Details of Account and Item Master has not been updated properly.
Pls Follow the Below Steps for Same Company of Financial Year :
Step 1: For Balances, From Housekeeping Run Update Master Balance then change financial year with all masters.
Step 2: For Master Details, From Housekeeping run the regenerate master help file then change financial year with all masters.
Pls Follow the Below Steps for Seperate Company of Financial Year :
From Source via Last Year Company :
Step 1: Administration
Step 2: Data Export Import
Step 3: XML
Step 4: Export Data
Step 5: Masters and Transactions - Export masters with closing balances and Transaction according to Date range of that Financial Year.
Step 6: In Another Company, Click on Import Option and import it masters and transaction.
Note : Do this Process after Data Backup.
How to carry forward modifications implemented in the previous year into the current year records in BUSY?
To carry forward modifications implemented in the previous year into the current year records in BUSY then follow below steps:
Step 1: Take the latest backup of your company
Step 2: In source financial year of company go to Administration menu and then click on change financial Year option
Step 3: Select next financial Year and press yes for the option of you are going to change financial Year do you want to carry forward balances
Step 4: After that select all master if you want to carry forward the all master balances or select new and changed master If you want carry forward only those master in which you have made changes then press ok
Step 5: Now press start to change financial year It will take time, After that a confirmation will appear on your screen choose ok.
