Frequently Asked Questions

Pls Follow the Below Steps :
Step 1: Create Account from Masters Under Administration with Capital Account Group.
Step 2: Pass the Profit Sharing Journal Entry with the Capital Account from Transactions Menu.

To record bills and expenses transactions, we have to go to :
Step 1 : Transactions
Step 2 : Jounrla 
Step 3 : Add 
Step 4 : Select expense account and add entry

When making a payment to a supplier in BUSY, you need to select the GST nature as not applicable because when making payment to supplier there no need to charge GST.

The double entry in the day book is because it follows a double-entry accounting system where every transaction is recorded twice, once as a debit and once as a credit.

To move the payment entry to the correct month, you need to open the payment voucher in modify mode then enter the correct voucher date and save the payment voucher.

To locate credit note debit note, go to:
 Step 1 : Click on transactions
 Step 2 : Must have user rights to access
 Step 3 : Debit note credit note

To record a voluntary payment of GST in BUSY, you can create a new account master and enter the corresponding accounting entry in the journal voucher from the transaction tab.

To make adjustments to sales or tax amounts for a previously filed return, it's necessary to create a journal entry or issue a credit/debit note for correction in the invoice.

No, In BUSY there is no provision to adjust profit material centre wise. You have to transfer the entire profit to the capital account at the end of the year.

Cash shorts in accounting can happen due to various reasons. Below are some reasons:
1. Errors in recording transactions; forgot to record the transaction
2. While transaction entry entered the wrong value,