Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
Why am I getting an invalid financial year error while trying to pay purchase bills?
You are getting invalid financila year when post payment voucher because you are entering wrong voucher date . The voucher date you are mentioning do not belongs to the current financial open in your company .
While creating new financial year in BUSY it showing RTE 3049. What should i do?
If you are facing RTE 3049 while creating new financial year in BUSY, then you need to run Reindex Database from the Housekeeping menu and then check.
Note: Take backup of your data before running this process.
What are the key codes or shortcuts used in BUSY for financial year change?
If you want to change the financial year using a shortcut key follow these steps:
Step 1: Press F11 to change the financial year.
Step 2: Go to the Administration menu then click on Change Financial Year Options.
Will changing the financial year mid-way cause any issues with calculations like my salary?
Yes, changing the financial year mid-way can cause issues with calculations like salary and other things. It is recommended to make any necessary changes at the beginning or at the end of the financial year .
How can I ensure the effect of the modification made in the previous year comes to the current year in BUSY accounting software?
To ensure the effect of modifications made in the previous year comes to the current year in BUSY, you need to check the relevant master and see if the changes have been updated of not.
How do I ensure that the balance remains the same after splitting the finacial year of a company?
When you split a financial year of a company, the balances will remain as it is and it will not affect. Further we recommend to take backup of your company before splitting the financial year.
I am getting an error when trying to update the opening balances. How can I fix this?
If you facing a error of openning balance is only update in beganning financial year message that means you can update openning of item or account only in the beganning financial year of the company.
Can I carry forward the previous year closing balance of a party to the new year?
Yes, you can carry forward the previous year closing balance of a party to the new financial year in BUSY. When you create new financial year party's balances carry forward to new financial year automatically.
In a multi-user BUSY setup, what is the correct procedure for performing year-end closing activities?
The correct procedure for performing year-end closing activities in a multi-user BUSY setup is to ensure that all users have closed their forms and logged out of the system before initiating the year-end closing process.
How can I undo changes made in the previous financial year?
If changes were made in the previous financial year in BUSY, they cannot be undone. It is recommended to take a backup before making any changes, so that if needed, the backup can be restored.