Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
How do I carry over data/balances from one financial year to the next in BUSY?
To carry over data/balances from one financial year to the next in BUSY, you can use the "Change Financial Year" option in the Administration menu. This will allow you to transfer the closing balances of the previous year to the opening balances of the new year automatically.
Should I select All Masters or New and Change option when carrying forward the balance?
When you change financial year and carry forward the balances then you can select New and Changed Masters for the changes you have made in the previous year. If the changes are not update in the next financial year then you should select the All Masters option.
What could be the reason for the error in carry forward in BUSY
The error in carry forward in BUSY could be due to various reasons such as incorrect data entry, software bugs, compatibility issues, or system errors. It is recommended to check the data entered, update the software to the latest version, and contact technical support for further assistance.
How do I change the financial year in BUSY?
To change the financial 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.
How can i add new financial year in the company?
To add the new financial year in the company, follow these steps:
Step 1: Go to administration section then click on change financial year.
Step 2: Click on New year option then press ok to create new financial year.
Step 3: Now, start the process and let it complete.
How can I switch the financial year within company?
To switch financial year withinin company, 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.
What does the option for splitting a company mean?
The feature for splitting a company in BUSY allows users to separate a financial year into two or more separate companies, each with its own opening balances and data. This feature can be useful for managing data and making changes without affecting data from previous years.
ERT 9 while Creating New F.Y.
ERT 9 while Creating New Financial Yearto fix this follow these steps
1. take a backup of comapny
2. then re-index your full data
3. open company and try to create new F.Y
4. also you can set country as united state in regional setting and save it
What does it mean if I do not tick the option to delete the above financial year while spliting the financial years?
When you split a financial year from a company and did not tick on the after spliting delete above financial year from source company then a seperate company will be created of splited financial year and the same financial year also remains in the source company.
How can I adjust prior years' accounts in BUSY after splitting my company this year? The profit and loss is showing differences.
If you have splitted the company but showing difference in the profit and loss account then you need to check the last year trial closing balance with the current year opening trial balance. Manually correct the account balance in the party master to correct the differences.