Frequently Asked Questions

Q: Who should I adjust the receipt against in BUSY the vendor or invoice number

In BUSY, You should adjust the receipt with the bill reference that you created when you made the invoices.

Q: Can you help me understand why GST is being charged on the interest amount?

To know why GST is being charges on the interest amount, you may contact to your accountant or ca.

Q: Can I pass the expense entry in the Purchase voucher or Journal voucher?

Yes, you can pass the expense in either the purchase voucher or the Journal voucher in BUSY Accounting software.

Q: . How do I record payments made and payments received in BUSY?

For Payment Made, We have to pass the Payment voucher. For Payment Received, We have to pass the Receipt Voucher.

Q: How do I manage bank transactions like payments, receipts etc in BUSY?

You can raise bank entries from Transaction by clicking on voucher you want to add(Receipt, Payment, Contra, Journal etc).

Q: How can I clear pending bill references from the previous year?

You can adjust the pending bill references in payment or receipt vouchers if you have receive or paid payments.

Q: How can I record a vehicle sale transaction in BUSY?

Vehicle as an Item can do the voucher entry through Sales Voucher and we can pass the accounting entry.

Q: Why is the tax not included in the sale amount?

The tax amount does not include in the sale amount because it is a part of duties and taxes.

Q: How do I handle reversing journal entries?

To reverse a journal entry in BUSY, you need to record a new journal entry and reverse the entry.

Q: If I receive payment in cash for a party, do I still need to show them the books of the account or hand over the receipt immediately?

Yes, you should record cash payemnt received in receipt voucher to maintain books and reports correctly in BUSY.

Solutions to common issues related to Configurations — Voucher Entry Accounting.

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Step-by-step Answers

Who should I adjust the receipt against in BUSY the vendor or invoice number

In BUSY, You should adjust the receipt with the bill reference that you created when you made the invoices.

Can you help me understand why GST is being charged on the interest amount?

To know why GST is being charges on the interest amount, you may contact to your accountant or ca.

Can I pass the expense entry in the Purchase voucher or Journal voucher?

Yes, you can pass the expense in either the purchase voucher or the Journal voucher in BUSY Accounting software.

. How do I record payments made and payments received in BUSY?

For Payment Made, We have to pass the Payment voucher.
For Payment Received, We have to pass the Receipt Voucher.

How do I manage bank transactions like payments, receipts etc in BUSY?

You can raise bank entries from Transaction by clicking on voucher you want to 
add(Receipt, Payment, Contra, Journal etc).

How can I clear pending bill references from the previous year?

You can adjust the pending bill references in payment or receipt vouchers if you have receive or paid payments.

How can I record a vehicle sale transaction in BUSY?

Vehicle as an Item can do the voucher entry through Sales Voucher and we can pass the accounting entry.

Why is the tax not included in the sale amount?

The tax amount does not include in the sale amount because it is a part of duties and taxes.

How do I handle reversing journal entries?

To reverse a journal entry in BUSY, you need to record a new journal entry and reverse the entry.

If I receive payment in cash for a party, do I still need to show them the books of the account or hand over the receipt immediately?

Yes, you should record cash payemnt received in receipt voucher to maintain books and reports correctly in BUSY.

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