Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
How do I handle accounting periods closing when transaction dates span month ends?
To handle accounting periods closing when transaction span month ends you need to
follow the steps
1 Go to the administration menu and click on change financial year
2 Then select change FY from 0104 of next year
3 then click yes for changing financial year
4 then click on start to carry data to next year
When we change the financial year, how can I check for incomplete vouchers?
When you change the financial year and carry forward the balances, there is no provision to check incomplete vouchers. However if you want to check them, follow these steps:
Step 1: Take backup of your company then open that company.
Step 2: Go to Housekeeping menu then click on check incomplete vouchers and press Ok to start the process.
How can I transfer my previous years closing balance to current year?
To transfer the previous closing balance to current 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 Click on start tab and complete the process.
Is there a separate report to view only the unclaimed itc?
Yes, there is a separate report to view only the unclaimed ITC in BUSY, then follow the below steps.
Step 1: Click on transactions and submenu GST Misc. utilities
Step 2: Then ITC Claim Register, You can view the report either party wise of date wise. Then select the ITC Status as Not to be Claimed and Press Ok.
Is it possible to avoid duplicate entries while carry forward data in BUSY?
If you have duplicate entries in previous year and when you create a new financial year the entries will not carry forward only the balances will carry forward to the next financial year. So if you have duplicate entries in last year then you need to remove the unnecessary entries before creating a new financial year.
What is the process for creating new year and carry the balances?
To create the financial year then follow the below steps.
Step 1: Click on Administration and then click on change financial year
Step 2: Then new financial year, here the change financial year window get open and click on ok.your financial year will get change and all the masters balances will get carry forward to the next year.
Why am i unable to change the opening balance of acocunt master?
If you are unable to change opening balance of account master then check the possible reason.
1. If the previous financial year exist within the company, then you will not able to modify or update opening balance of account master.
2. Opening balance of master willnot modify or update in beginning financial year if the data is freeze.
Can you please guide me about change financial year in BUSY?
To change 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 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.
Cant clear pending quotation of previous year in current financial year
To clear the opening reference of quotation you need to follow the steps
1 go to previous year and go to display menu and click on quotation order challan processing
2 click on pending quotation
3 select sale quotation party or item wise the open the report
4 select the item and press F4 to clear
When changing the financial year, what option should I select if I have made changes to my master or vouchers in previous year?
Yes, If you make changes in the previous financial year it will reflect in current financial year by following these steps :
Step 1 : Go to previous financial year, make changes as needed.
Step 2 : Go to administration click on Change financial year by selecting option carry forward balances as yes with new and changed masters.