Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
Is there a carry forward balance option in BUSY from last year to current financial year?
Yes, when you change financial year from the Administration menu, you can carry forward the master's balances to the next financial year.
Do I need to change the financial year in all my companies or in one?
If you have multiple companies then you need to change the financial year in all the companies after the data backup.
How can I get all the credit notes and historical invoice details to show up properly when the prior year data not show in the current year.
We can check the Debit Note voucher in the last financial Year by switching from Administration then Change Financial Year.
Is it necessary to offer an opening balance for accounts with entries made in the middle of the financial year?
In BUSY, opening balance can update only in Beginning financial year only and you can make entries in any year.
What should I do if an entry is not being shown in the new or current years bill?
As per the accounting standards entries will not carry forward to the new finanacial year only balances will carry forward.
Can you explain how to carry over the balance to the next year?
When you create a new financial year all the closing balance of masters carry forward to the new financial year.
How long does it take to change the financial year in the software?
It is a time taking process to change the financial year in the software, its depends upon the data size.
Can i create back financial year in BUSY?
No, you cannot create back financial year in BUSY. Further, you can create new company for old financial year.
RTE 5 in change Financial Year
RTE-5 while changing Financial Yearthen you need to remove junk characters from masters and vouchers then switch Financial Year
How to resolve RTe-5 while changing f.y?
RTe-5 while changing Financial Yearthen you need to remove junk characters from masters and vouchers then switch Financial Year