Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
When carrying forward account balances from one financial year to the next, I am getting an error "Could not update account balance...". What is causing this and how can I resolve it?
The "Could not update account balance" error is caused by junk characters found in the account name or balance position. To fix it, the user should check the account name and balance position for any junk characters and remove them. Additionally, taking regular backups and performing housekeeping can help prevent this error from occurring.
I am facing an issue where the opening stock amount is carrying forward incorrectly to the next period. How can this be fixed?
To fix this issue ,please follow steps:
Step 1: Go to last year from change fy .
Step 2 : in the last year, run update master balance from housekeeping menu
Step 3: Agin go to administration menu
Step 4 : select change fy
Step 5 : Select Current year option
Step 6 : start the process
What steps can be taken to ensure that pending bills are shown correctly in the opening balance of the current years ledger?
To ensure that pending bills are shown correctly in the opening balance of the current years ledger,please follow below steps:
Step 1: Go to display Menu
Step 2: Select the trial Balance option
Step 3 : Choose option Opening trial-mismatch from prev year.
Step 4: This report shows the mismatch of the last to current year.
How can I check if there have been any modifications to the accounts that could be causing the issue with opening balances?
To ensure that pending bills are shown correctly in the opening balance of the current years ledger,please follow below steps:
Step 1: Go to display Menu
Step 2: Select the trial Balance option
Step 3 : Choose option Opening trial-mismatch from prev year.
Step 4: This report shows the mismatch of the last to current year.
What is the process for carrying forward to the next financial year with new and changed masters?
To carry forward to the next financial year with New & Changed Masters, you need to follow these steps:
Step 1: Open your company then go to Administration tab.
Step 2: Click on Change Financial Year and select the next financial year then press Yes.
Step 3: Select New & Changed Masters option then start the process.
What to do if ITC data from the last financial year does not reflect in current year?
To claim ITC of pending entries from previous year follow the steps below:
Step 1: Go to Administration then click on change financial year to last financial year
Step 2: If ITC entries are not carry forward then again go to the last financial year
Step 3: Now select carry pending ITC Entries to next financial year
How can I switch the financial year to view data of a particular Year?
To switch the financial year to view data of a particular Year in BUSY, follow these steps:
Step 1: Go to administration section then click on change financial year.
Step 2: Select the required financial year then select yes to change financial year option.
Note: In BUSY, you can switch financial year by pressing F11 shortcut key.
The voucher date is out of range error is showing while adding the entries in a current financial year.Why?
To resolve the voucher date is out of range error while adding the voucher entry then check the below steps.
Step 1: Make sure that you are entering the voucher in the current financial year date.
Step 2: You need to check the books commencing date from the edit company option under Company menu.
How do I update the voucher series when moving from one financial year to another in BUSY?
To update the voucher series when moving from one financial year to another in BUSY, you can go to the voucher series configuration in the software. From there, you can make the necessary changes to the voucher numbering series. It is recommended to take a backup of the data before making any changes.
How can i forward previous year balance automatic to next year?
In BUSY, you need to forward the previous year balance to next year manually by follow these steps:
Step 1: Open your company then go to Administration tab.
Step 2: Click on Change Financial Year and select the next financial year then press Yes.
Step 3: Select New & Changed Masters option then start the process.