Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - change fy
I am unable to carry forward my input tax credit ITC from the previous financial year to the current year What should I do
Pls Follow the Below Steps :
Step 1: Administration
Step 2: Change Financial Year
Step 3: Click on Carry Pending ITC Option
Is it possible to change the opening balance after the financial year of the company has been split?
Yes, it is possible to change the opening balance after the financial year of the company has been split.
How can I split the data in my company in the middle of the financial year?
In BUSY, you can split the whole financial year from starting not from the middle of the financial year.
Can changes be made to any account during the closing of the last year?
Yes changes cannot be made to any account during the closing of the last year in BUSY software.
Is it necessary to close all the companies before carrying forward the balance?
Yes, It is necessary to close all the companies before carrying forward the balance in BUSY Accounting software.
Will my carry forward balance be affected after splitting the financial year?
If you have splitted the financial year in that case carryforward from previous financial year will not affected.
Can I use a new feature in the current financial year?
Yes, you can use a new feature in the current financial year based on your requirements in BUSY.
How many financial years can BUSY handle in a company?
BUSY can handle multiple financial years as there is no specific limit of financial years in a company.
Can i access my splitted company in client machine.
Yes, you can access the splitted company data on the client system after spliting on the server machine.
RTE 3420 getting while Carry forward to next year?
This was error in old release that this software bugs you need to update latest release and install.