Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
What should I do if the ledger in the previous year was not created and there is an issue with opening balances in the current year?
No. Opening balance can only mention in the Beginning fy . Now you can Create the new party master can not update the opening balance
Is there a limit on how many times I can split my company in BUSY? Will my subscription change after splitting?
You can split your company data by financial year in BUSY and after spliting can't merge again. And your BUSY subscription will not affect after spliting.
If I separate and work on one financial years data, will the changes be updated in both financial years automatically?
No, if you have splited the financial year and work on one financial year then the chnages will not update in the next financial year automatically.
Is there any specific order in which financial years need to be updated in BUSY?
When you create multiple financial years in a company, they will auto alinged in ascending order from top to botton under the change financial year option.
How can I go to in current year if I was in previous year?
For change year follow these steps:
step 1: Go in administration then go in change financial year
step 2: Select current year click no on carry forward balance.
How long does it take to divide my company in BUSY? Can I get help from an agent?
You can easily split your company data by financial year in BUSY. However, it is advisable to take a backup of your data before spliting.
Do I need to tick the Dont Carry Item Balances option while carry forwarding the balances?
If you don't want to carry item balances to the next financial year then tick on the given option otherwise leave it as it is.
While click on open company tab in company menu showing error message in SQL database.
If you are using SQL and while you click on open company showing error message, you may restart services in ssms or sql configure manager.
How does BUSY handle previous years invoices and data? Does it store all the history?
BUSY allows users to maintain previous years' invoices and data. It stores all the history, allowing users to access and reference past transactions and records.
How do I mention opening balance in the middle financial year in BUSY?
There is no option to mention opening balance in the middle financial year because prevoius year closing balance should the opening of the current year.