Frequently Asked
Questions

Find Solutions to Common Issues Related to configurations - change fy

FAQs

I want to change my financial year in BUSY. What is the procedure?

For change finnancial year in BUSY please follow these steps:
1. Take backup of Data then open company
2. Go in Administration then change finnancial year
3. Then click on New year from example 01-04-2024
4. click ok on create new yar window
5. Then click on start all balances carried forward in next year automatic
6. If you want dont carry balances then click create new year only

How to change the financial year in BUSY ?

To change the financial year in BUSY, you can follow the given steps : 
Step 1. Go to Administration
Step 2. Then click on Change Finacial Year
Step 3. Then click on New year from 01-04-XXXX appears
Step 4. Now here you can carry balances to New finacial year.
Youcan switch between finacial year by using shortcut key F11.

Do I need to take a backup before splitting the financial years?

Yes, it is recommended to take a backup before splitting the financial years in BUSY by follow these steps:
Step 1: Open BUSY then click on company menu.
Step 2: Choose the backup data option then select required company
Step 3: Mention the company admin username and password and click on ok tab
Step 4: Specify the path for backup and click on ok to take backup.

Can balance be brought forward manually into the next financial year?

Yes, previous year closing balance will be forwarded manually to next year 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.

Can I split the financial year after the final balance sheet?

Yes, you can split the financial year after the final balance sheet in BUSY. To split financial year 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: Select Financial year for splitting and click on split option.

How can i change previous financial year to current financial year?

You can change previous financial year to current financial by following below steps:
Step1: Go to Administration menu and click on Change financial year option
Step2: Now click on next financial year option and then press yes and select new and change option
Step3: Then press on start option and after completing the process a confirmation message will appear on the screen then press ok.

Can I split the financial year instead of deleting it?

Yes, you can split the financial year instead of deleting it in BUSY Accounting software.
To split financial year 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: Select Financial year for splitting and click on split option.

What steps should be taken before changing the financial year?

You should be take the steps before changing financial year, follow these steps :
Step 1: It is recommended to take a backup of the data to ensure that the changes are saved and can be restored if needed.
Step 2: If you are multi user then make sure that the client system must be closed while running the process of changing financial year.

How do I change the financial year in BUSY?

If you want to change financial or create new financial in BUSY, you can follow these steps:
Step 1: Open Administration menu and click on Change Financial Year.
Step 2: Here you can change the financial year or can press F11 in home screen to switch financial year.
Step 3: To create new financial year click on New Year From and can create the new one.

What is the process to split my financial years?

The process of splitting 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 of 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