Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
What is the process to close books and generate final accounts for the financial year-end?
In BUSY, to split financial year from company, Follow the steps given below:
Step 1 : Open BUSY 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 splited from the company
I have entered my balance sheet data in BUSY but it is not showing the bill from last year. How can I get this bill to show and carry forward to this year?
If you are unable to see the last-year closing balance as the current-year opening balance, see the following steps:
Step 1:Take a backup of your BUSY data.
Step 2:login the BUSY and switch to the previous year from the f11 key.
Step 3: Go to Administration. Click on Changes Year
Step 4: Select New Year from and select current FY after the complate process. Check if the balance is correct.
I split my company data into multiple years. How can I make changes to items in the previous years?
If the company has been splited into mutliple year then you need to login previous financial year company separately to made change in ite master.
To update details in item, follow these steps:
Step 1: Login the required financial year company
Step 2: Go to administration then click on master menu
Step 3: Choose the item master then select modify option
Step 4: Made te required changes and save the master.
Why are input IGST, CGST and Cess credit balances not getting carried forward to the next financial year?
It is possible you are using monthly itc tagging if you are using monthly itc then please follow these steps:
1. Then Go in previous year then Go in administration
2. Then Go in change financial year
3. click on carry pending itc if use monthly itc tagging option
4. Then click on start and change year with new & change master
Will balance be update in next year if i change the opening balance in previous year?
To update the closing balance as an opening in next year after change opening balance manually, 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.
After doing new and change master what is the next step before carry forward in BUSY
After performing the new and change masterprocess in BUSY, the next step before carrying forward is to ensure that all necessary data has been entered and updated correctly. This includes verifying the accuracy of financial transactions, reconciling accounts, and reviewing any outstanding items or pending entries. It is important to double-check the data to avoid any errors or discrepancies before proceeding with the carry forward process.
I need help with configuring financial year in BUSY.
You can configure financial while creating your company in BUSY in which you can specify F.Y. Beginning from date and Books Commencing from Date.
Moreover, if you want to edit after creating company go to Company Menu then click on edit company.
Further, if want to create new financial year from existing company, go to Administration then click on Change Fininacial Year and start the process.
How to resolve Error While C/F data?
Error While C/F data because of there is multiple possibilities
1. if its related to references then you need to remove all type of pending references, batches or parameters available in BUSY database and after then carry forward data
2. also showing RTE for junk characters so clear all junks from masters and vouchers.
3.Similarly, review any large number of pending Item Receivable/Payable records and clear them.
Is it necessary to carry forward balance while change financial year in BUSY?
Yes, it is necessary to carry forward balance in order to carry closing balance of previous year as an opening balance in next year. To change financial year, follow these steps:
Step 1: Go to administration section then click on change financial year
Step 2: Select the financial year and click on yes to carry balance.
Step 3: Select new and change balance then start the process.
How can I split my company data to improve the slow system performance?
To split your company data and improve the slow system performance in BUSY, Follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Open BUSY then click on split financial year option.
Step 3: Select the required company and specify the admin login credentials.
Step 4: You will see first and last financial year for splitting so select it accordingly and click on split button.