Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
Is it possible to split the data for a specific year ?
To split the data for a specific year, Follow the steps given below:
Step 1 : Open BUSY and go to 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
How can i split Financial year in BUSY
You can split Financial year in BUSY follow the below steps:
Step1: Open BUSY software and go to company menu
Step2: Then click on Split Financial Year option
Step3: Then select the company and select particular Financial year which you want to split it
Step4: Then click on Split button and then click on Yes option
Step5: Then you can check a new company has been created with the particular Financial year
How do I switch between multiple financial year within BUSY? Can I minimize one year and open a second one?
Find out the steps to switch financial year in BUSY
Step 1 : Go to administration menu
Step 2 : Press f11 and select the financial year you wants to open
Further you have to open that one more tab of that company if you want that both year data will show at same time as in BUSY only one financial year can open at a single time
Can I forward data in next financial year in the software of all masters? If yes, then how?
Yes, you can forward data in next financial year in the software of all masters , follow the steps bellow :
Step 1: Go to Administration and select Change Financial Year
Step 2: Choose the new financial year and click on Yes to create new financial year
Step 3: Now click on Start .
This will create new financial year and carry forward the balances of all parties from the previous financial year.
How can I carry previous year pending ITC to the next year in BUSY ?
To carry previous year pending ITC to the next year in BUSY follow below steps:
Step1: In last financial year, go to the Administration menu and then click on change financial year option
Step2: Now click on carry pending ITC entry to the next year option and press start button
Step3: After completion the process a confirmation message will appear and then you can check the same in the next fiinancial year
I am unable to update my current year's opening balance. It is showing the balance as zero even though I had a credit balance from last year. How can I update the opening balance correctly?
here are the steps:
Step 1: First, go back to the financial year for which you want to update the old bills
Step 2: Go to Transaction menu . Open and Modify Invoices
STep 3: Save the Changes
Step 4: Carry Forward to Current Year
Step 5; Now, to make sure these changes are reflected in the current financial year, use the Change FY (Change Financial Year) option.
I have a credit balance in my CGST account for this financial year but it shows zero balance when I open BUSY. What should I do to get the correct CGST balance?
here are the steps:
Step 1: First, go back to the financial year for which you want to update the old bills
Step 2: Go to Transaction menu . Open and Modify Invoices
STep 3: Save the Changes
Step 4: Carry Forward to Current Year
Step 5; Now, to make sure these changes are reflected in the current financial year, use the Change FY (Change Financial Year) option.
Why am I unable to find the option to open/close financial years in BUSY? How do I properly close books and shift to the next financial year?
There could be several reasons of it. which you have login by user may not have permission to switch F.Y. or To close or create the new financial year in BUSY, all open forms need to be closed first. If the company is open on other systems, it needs to be closed there as well. Once all forms are closed, the financial year can be Create New FY.
The opening balance shown in my GST statement is lower than what I had last year. How to get the software to show the right opening balance?
here are the steps:
Step 1: First, go back to the financial year for which you want to update the old bills
Step 2: Go to Transaction menu . Open and Modify Invoices
STep 3: Save the Changes
Step 4: Carry Forward to Current Year
Step 5; Now, to make sure these changes are reflected in the current financial year, use the Change FY (Change Financial Year) option.
Why is the opening ITC balance showing as in the new financial year even though there is a closing balance in the last financial year?
To c/f Pending ITC from Last year to Current Year, Please follow below steps:
Step 1 : Go back to the last financial year.
Step 2 : In the Administration Menu, choose Change Financial Year.
Step 3 : Pick Carry Pending ITC Entries for the financial year starting from April 1, 20XX.
Step 4 : After carrying forward your pending ITC, switch back to the current financial year.