Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
How can i pass entry in BUSY, if need to adjust amount against sale made?
To pass entry in BUSY, if need to adjust amount against sale made, you need to follow these steps:
Step 1: Go to transactions click on credit note without items (W/O items).
Step 2: Click on add and afjust the amount.
I am having issues with incorrect business promotion expense ledger balance. What could be wrong.
If your account ledger showing wrong amount in BUSY you may check some points:
1: Check the journal entry or voucher entered in ledger.
2: Incase of data mismatch check in short range and run regenerate dual voucher or reindex database.
Why is the due date not greater than the voucher date of the party?
If the due date is not greater than the party voucher date then make sure that you have mention the credit days in the party master. Credit days option will show if you enable the bill by bill option.
How can i adjust my profit in partners capital account in BUSY?
For adjusting profit in partners captial account in BUSY, Follow below steps:
Step 1: Go to Transaction menu and select journal voucher option
Step 2: Then select add option and post a jounal entry for adjusting profit in partners capital account.
How to add an % GST rate for an item in the invoice in BUSY?
To Add an 18% GST rate for an item in the invoice in BUSY:
1: You can use sale type multirate as option Or Item wise.
2: Specify Particular Sale type Local 18% or Central 18%.
Can services be maintained in stock? How do I show them in the software?
Yes, services can be maintained in stock in BUSY Accounting software. To show them in the software, you need to create service-specific ledgers, set up service items in the inventory, and create customized voucher types for service transactions.
How do I credit the party and debit cash when a discount is received?
To credit the party and debit the cash when a discount is received in BUSY, you need to pass a receipt voucher. In the voucher, debit the cash or bank account ,credit the party account and discount account.
How do I record a payment from a customer against their outstanding invoice?
To post payment voucher entry from a customer against their outstanding invoice, follow these steps:
Step 1: Go to transaction then click on payment voucher
Step 2: Click on add then post payment accounting entry and then save the voucher.
Why is my loan account showing up under registered expense entry?
If the loan account is showing up under registered expense entry then it means you have selected the wrong account group for the loan. You have to open the loan account in the modify mode and correct it.
What is the process to record payments from customers in BUSY?
A payment voucher is a document used by businesses to record the financial transactions involving payments.
Please follow the below steps :
Step 1: Transaction
Step 2: Payment voucher
Step 3: Add
Step 4: Post accounting entry for payment
Step 5: Save the voucher