Frequently Asked Questions

In Last Year, Make Sure the Whole Profit is transfer to the Capital account by passing the journal entry.After that Change FInacial Year by carry forward Balances to Next Year.

In BUSY, you cannot perform other task in same company while carry forward all master balance to next year. Further, you can run another company in other tab of BUSY.

In BUSY, you can not carry selected master and ledger to next year. You can either carry all master or masters whose closing balance exists or moved/closing balance master only.

The GST balance from the previous year is carrying forward to your current books because it was not properly adjusted or cleared before closing the books for the previous year.

To split the financial year then you need to mention the admin username and password of the company. As the sub user have no rights to split the financial year.

You can find the change financial year option under the administration menu.after that you need to select the required financial which you want to change ita and click on start.

To create a new financial year in company you need to go to the administration menu then click on change financial year option and you can create new financial year

You can view the profit and loss account from the below steps.
 Step 1: Click on Display
 Step 2: Then Final results
 Step 3: Then profit and loss account

When you split financial year of a company on main server, it will update simultaneously on the client system. You just need to reopen the BUSY on client sytem.

Your closing balance will be your opening balance in current year if you change your Financial year with 
balance then closing balance will be updated as opening balance automatically.