Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
How can i ensure that modifications are correctly done?
To ensure that if the modifications are correctly done or not, you can check the relevant report to see the results after the modifications.
How do I transfer funds between accounts?
To transfer funds between accounts you can use journal voucher where Debit will be
the receiver ledger and Credit will be the Giver ledger
I want to adjust some very old invoices and bills in the software. However, the relevant company has since split. How do I make these adjustments across multiple new companies?
To adjust old invoice reference in the split company, you can adjust them while entering payment and receipt voucher against the pending opening reference.
I am not able to adjust TDS amounts charged by vendors. How do I record and adjust TDS amounts in the software?
To adjust the TDS amount in the software, you need to add an accounting entry in the journal voucher for the TDS amount adjustment.
I think I was double charged for something. Can you review the charges and refund me if there was an error?
If you are double charged in BUSY about expense you can pass the reverse entry of it through journal entry to remove the effect.
If I have given money to a party from whom I purchased, should I debit or credit it in the software?
If you have given money to a party from whom you have purchased then you need to Debit the party during the payment voucher.
I sold some stock in cash but it is still showing in the closing balance. How to remove it?
You need to process the sale transaction by selecting the party name as a cash account to remove the stock from the closing balance.
What should I select under the debit and credit sections while making a payment in BUSY Accounting Software?
If you are making the payment then you need to DEBIT the party account and CREDIT the cash or bank account then save it.
Is it necessary to post the entries of transferring amount from one bank to another in BUSY?
Yes, it is necessary to post all the entry of transferring amount from one bank to another in order to reconcile bank in BUSY.
Do I need to re-issue the credit note to the seller for making changes in it?
If you want to make changes in the credit note then you need to modify that credit note voucher instead of re issue it.