Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
While opening company RTE 5 showing SQL Data base, How to fix it?
To resolve the issue of opening a company in SQL mode for RTE 5, follow these simple steps:
Step 1: Open SQL Server Management Studio (SSMS) and connect to your SQL Server.
Step 2: If you see a Recovery Pending label or the expand symbol is not visible in a BUSY database, do the following:
a) Right-click on the database.
b) Go to Task.
c) Select Take Offline.
d) Now, click on Bring Online from the same menu.
Step 3: If the database shows a Suspect label, you need to run a query to remove the suspect status.
How can i carry forward balances to next year in BUSY?
To carry forward balances to next year in BUSY, follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Go to administration section then click on change financial year option.
Step 3: Select the current financial year option then select yes for carry forward the balances.
Step 4: Next, select all masters option if required to carry forward the overall master balance or can select new and change master to carry only those accounts balances whose entries is newly posted or modified.
Step 5: Click on start tab and complete the process.
How do I split the financial year in BUSY Accounting Software?
To split the financial year in BUSY, you need to follow these steps:
Step 1: Open BUSY then click on Split Financial Year.
Step 2: Choose your company of which financial year you want to split and login with super / admin user.
Step 3: You will first and last financial year of the company so select it as required.
Step 4: If you want to delete the splited financial year from the source company then tick on the available option and click on Split button.
Note: Take backup of your data before doing this process.
How to adjust previous year's entries in the current financial year?
To adjust previous year entries in current financial year you need to follow these steps:
Step 1: Open previous financial year
Step 2: Then do the adjustment entries
Step 3: Then go to administration menu
Step 4: Then click on change financial year option
Step 5: Afterwards select the current financial year
Step 6: Then it will show you a popup to carryforward the balance select it as yes
Step 7: Then select new and changed masters option
Step 8: Then click on start button and after that your adjustment will properly carryforward in current financial year
What is the process to change the begining year of the company?
Yes, process to change the starting year of the company After that you need to update the new changes in the current year, for that please follow below steps:
Step 1: After finalization of Balance Sheet in relevant previous year go to Administration tab.
Step 2: Then last option of that tab change financial year. Select relevant year
Step 3: A dialogue box appear Carry Balance All Masters, New and change master. Select All master process will start updating balance in next financial year
Note: Please take backup first before doing any process
There are some opening balances reflecting in my reports which should not be there. Why is this happening and how can I avoid this?
some opening balances reflecting in my reports which should not be there to correct balances follow these steps
step 1: go to the administration and click on change F.Y
step 2: switch in last year and open it
step 3: go to the house keeping menu and click on update master balances then run that utility
step 4: after complete that process carry forward balances in next year from change F.Y and run the process.
step 5: after complete the process you can check report
I want to carry forward an assets opening balance from last year How can I do that in BUSY
Please follow below mention steps for carry forward closing balances from last year as a opening balance in next year:-
Step 1:- Take backup first from Company Tab
Step 2:- Go to previous year from change F.Y option from Administration Tab or press "F11
Step 3:- Set Closing balance proper then go to Administration Tab
Step 4:- Change F.Y.
Step 5:- Press "Yeson carry forward window
Process will start updating closing balance as a opening in next year
Note:- F11 key is not used for carry forwarding balances its only used for chnage F.Y.
In the current financial year, The item stock amount is showing zero.How to fix it?
To correct the stock value in the current financial year, then need to follow the below steps.
Step 1: Switch to previous financial year from F11 shortcut key
Step 2: Click on display then final results and select the balance sheet .You have to enable the update balance sheet stock as Y and open balance sheet
Step 3: Go to house keeping and run the update master balances option
Step 4: Click on administration then change financial year, Select the required financial year then carry forward balances with all masters. Press Ok.
I am unable to carry forward pending input tax credit from last financial year. How can I do this?
To carry forward to last year pending ITC and to the current financial year you need to follow these steps:
Step 1 : First go to administration and through f11 switch to previous financial year
Step 2: Then Go to Administration and click on Change Financial Year.
Step 2: Click on Carry Pending ITC Entries to F.Y. and click on Start
Step 3 : Then again switch to current year through F11
Step 4 : And then Can check ITC is now forwarded to current year
What options should I select to transfer the full details of items while changing the financial year?
To carry full details of items while changing financial year, you need to follow these steps:
Step 1: Open your company then go to Administration menu.
Step 2: Click on Change Financial Year and select the next financial year to change.
Step 3: Select the yes on carry balances window and choose as per your requirement as either All Masters or New and Changed Masters. below the start buttom you have to tick the option carry Item full details (Description, Price, HSN Codes etc) to next year then Start the process.