Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
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.
The payments are posting to the ledger as negatives instead of positives. Why is this happening?
It is likely happening because the payments are being recorded as debits instead of credits in the ledger. Double check the entries to ensure they are being recorded correctly. So check the amount entered as debit or credit.
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
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.