Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
How can I prevent item balances from being carried forward to the new year?
To prevent item balances from being carried forward to the new year follow below steps:
Step1: Go to administration menu and click on change financial year option.
Step2: Then click on new year start from option and press ok then select do not carry item balances option and press on start option.
Step3: After completing the process a confirmation message will appear on the screen then you can check item balances not carry in the new financial year.
How can I create a new financial year in a company, and what specific steps should be followed after creating the new financial year?
To create a new financial 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.
Step 3: Select new year then press yes to create new year.
Step 4: Click on start and let the process complete.
After creating a new financial year in BUSY, you can set the voucher numbering with prefix, suffix, and starting voucher number for the new year.
Is it possible to add bills to the last year after the new year created in a company?
Yes, it is possible to add bills to the last year after the new year created in a company. To add bills to the last year after the new year created in a company, follow these steps:
Step 1: Go to administration section then click on change financial year.
Step 2: Select the required financial year then select yes to change financial year option.
Note: In BUSY, you can switch financial year by pressing F11 shortcut key.
How do I properly close my books at the end of each period in BUSY?
If you want to close your books at the end of each period in BUSY, you can do the following steps:
Step 1: Go to Administration, then select Change Financial Year.
Step 2: then select the year in which you want to end the period in BUSY, i.e., the new financial year from 20XX.
Step 3: then click on the start option, then click Yes to carry forward the balance from last year to the current year.
How do I transfer debtors and creditors data to the next period in BUSY Accounting?
To transfer debtors and creditors data to the next financial year in BUSY, you need to follow these steps:
Step 1: Open your company then go to administration menu.
Step 2: At botton select change financial year sub menu and click on new year from option.
Step 3: Click on start button to start the process and check after complete it. You new financial year will be created with carry forward all the debtors and creditors data.
What is the Carry Pending ITC option in BUSY, and how do I use it?
To Carry Pending ITC option in BUSY allows you to carry forward any pending Input Tax Credit (ITC) from the previous financial year to the next financial year. To carry pending ITC to next financial year, follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Go to administration section then click on change financial year
Step 3: Click on carry pending itc entries to next financial year then click on start.
How can I carry forward stock for the next financial year?
To carry forward the stock to next financial year, follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Go to administration section then click on change financial year.
Step 3: Select the required financial year then click on yes to carry balances.
Step 4: Choose all master then untick on do not carry item balances and select all for item master to carried .
Step 5: Click on start tab and complete the process.
Can you guide me to close and open the software?
To close and open the software in my client and server systems,please follow below steps:
Step 1: Click on the Desktop BUSY icon and open it.
Step 2: Select open company and login with username and password .
Step 3: If you want to close the company go to company menu.
Step 4: Click on close company .
Step 5: and if you want to exit the software click on the Exit option .
How do I properly carry forward data from last year in the software
To carry forward a balance in BUSY, you can follow these steps:
Step 1. Open the company in BUSY.
Step 2. Go to the "Administrationmenu and select "Change Finacial Year"
Step 3. Select the financial year for which you want to carry forward the balance.
Step 4. Click on the "Carry Forwardbutton.
Step 5. A confirmation message will appear. Click "Yesto proceed.
Step 6. The balances from the previous year will be carried forward to the new financial year.
How do I update and forward my balance in the software?
To update and forward balnace in BUSY, please follow below steps:
Step 1: Go to Administration menu and then select Housekeeping Menu .
Step 2: Then Select Update master balance and click on the start button.
Step 3: After completion of this process, go to administration menu and then click on the change financial year option.
Step 4; and select next financial year and start the process of carry forward balnaces to next financial year.