Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
Did you apply the % rate correctly in the end?.
To apply the tax rate 5% you have to mention tax rate properly in item master Tax category
field and expense ledger tax category field then while you enter the voucher it can
pick the tax rate properly.
How to record GST refund voucher in BUSY.
To record GST refunds received you need to go to transaction menu then select journal from it and click on add option to add voucher.
Note: For journal entry you need to consult your CA or accountant.
I used to be able to see the average loan balance on the side of my loan ledger in BUSY but now I don't see it. How can I view this?
It could be possible that you have made changes on the loan ledger group so now its not showing ensure
that the group of your loan ledger mention properly then run update master balance from
house keeping menu
I'm seeing an incorrect or strange amount deducted from my account. Can you look into this and fix it if there was a mistake?
If you think that wrong amount is deducted from your account ledger, so for rectifying amount you can open voucher in modify mode by transaction - select voucher type - modify and then after updating entry resave voucher.
I need to issue refunds to customers in BUSY, but I don't see an option for refunds. How can I record refund transactions?
If you want to pass the refund transaction to the party, then you need to pass the Journal voucher.
Pls follow the below steps :
Step 1: Click on Transactions
Step 2: Then Journal
Step 3: Then Add
What is the right way to account for GST refunds and adjustments in BUSY to ensure my books are correct?
To record GST refunds received you need to go to transaction menu then select journal from it and click on add option to add voucher.
Note: For journal entry you need to consult your CA or accountant.
I made a payment entry but there is no name against it. How do I enter the payee name?
In payment voucher you need to debit your Party Master which is the payee. Make sure the party master is created with their name. Further, you can also add more details about the payee in the narration field.
How can I record GST refunds received in the General Voucher in BUSY? What is the correct process?
To record GST refunds received you need to go to transaction menu then select journal from it and click on add option to add voucher.
Note: For journal entry you need to consult your CA or accountant.
I entered a transaction quickly without checking, how can I verify it is correct later in BUSY?
You can verify the transaction later by checking account register or transaction list
If that transaction is not showing in both above report then you can check list
of incomplete voucher and you can complete the transaction.
I am entering the same voucher number multiple times by mistake. How can I avoid this?
To avoid entering the same voucher number multiple times by mistake, you should check the voucher number before entering it to ensure it is unique. You can also enable automatic voucher numbering in the software to avoid duplicates.