Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
If i make changes in previous financial year, will it reflect in current financial year?
Yes, If you had made changes in previous financial year it will reflect in current financial year, by using these steps :
Step 1: After making changes in previous financial year you need to go to administration menu.
Step 2: Select change financial year option and choose the next financial year for change and select yes for carry balances.
Step 3: Select new and changed masters option and click on start button to start the process.
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.
How do I create a new financial year in BUSY?
To create new financial year in BUSY, please follow these steps :
Step 1: Go to administration menu then click on create new financial year
Step 2: Then click on New year from and click on ok button to create new year.
Step 3: Click on start button.
Step 4: After completing it you will get an pop-up of financial year changed successfully and click on ok button to auto switch in the new year.
How can I transfer accounts from one year to another?
In BUSY, when you create new financial year then all accounts will transfer from previous year to next year automatically. To know how to create new financial year follow the below steps:
Step 1: Go to administration menu then click on last option of change financial year.
Step 2: Then click on new year from and press ok to create.
Step 3: Click on start button to start the process and check after complete it.
I made some changes in financial year 21 and 22, now I want its effect in 23 and 24 What should I do?
Please follow the following steps for carry forward of closing balance from last year as opening balance for next year:
Step 1: After finalization of Balance Sheet in relevant previous year go to Administration tab.
Step 2: At the bottom of the administration menu select the Change Financial 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
Will the data from the previous year automatically carry forward to the next year if I work in the same company?
No, the previous year closing balance will not forward automatically in next year. You need to carry forward the balance manually by 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 new and change master then Click on start tab and complete the process.
What is the process to select the year 2022 and carry forward the balance in BUSY Accounting Software?
Please follow the following steps for carry forward of closing balance from last year as opening balance for next year:
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
Does BUSY allow moving select customers to new entities? Can I retain historical data when splitting?
No, when creating a new company in BUSY, there is no feature for moving selected customers to new entities. However, you can move all types of masters from one company to another company.
Alternatively, you can move selected master groups using a feature called "XML Import." utility. Here are the steps to follow:
Step 1: Administration
Step 2: Data Export/Import(XML)
Step 3: Export data
Step 4: Generate the XML file
Step 5: Import in another company
I want to separate the data for financial year 22-23 Can you guide me on this?
To separate the data for the financial year 22-23 Follow the steps given below:
Step 1 : Open BUSY and go to the company menu.
Step 2 : Press enter on Split Financial Year
Step 3 : Select the Company
Step 4 : Select the First or Last Financial Year
Step 5 : Click on Split option
Step 6 : Go to Open Company and check the Financial Year is splitted from the company