Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
How can I create a Bill of Material (BOM) in BUSY?
BOM- Bill of Material is used for manufacturing and Production of an item. We can generated the Finished Good from Raw Material vise versa for unassemble.
Pls Follow the Below Steps:
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then Inventory
Step 5: Enable the Manufacturing Option
Step 6: Create BOM under Masters
Step 7: Specify the Finished Good - Item to Produce Option
Step 8: Mention the Generated finished good Quantity.
Step 9: Mention the Ram Material Details.
Note : For Better Report, Can Specify 1 Qty for Finished and accordingly mention the raw material.
Why is the price not showing below the mustard seed in the voucher?
If the price not showing in voucher , please follow below steps:
Step 1: Log into BUSY and Go to the administration menu
Step 2: After then go to submenu Masters and select Item option and click on the modify option .
Step 3: And then select the Item name from the dropdown list and click on the select button.
Step 4: Select the sale price field and apply the price if not updated and save the voucher .
Step 5: After modification done reselect the item master in the voucher and resave the voucher entry.
Should i create a separate entry for GST charged on bank charges?
No, you should charge GST with the bank charges entry, there is no need to pass seperate entry for only GST charges. To know how to add bank charges entry with gst, follow the below steps:
Step 1: Go to transactions menu then select journal voucher and click on add.
Step 2: Enter date, voucher number and select GST nature as registered expense B2B then debit your bank charges account and tax account with amount.
Step 3: Credit the party's account then save and in registered expense window specify the GST rate and other details then save.
Can I enter an advance receipt voucher in BUSY?
Yes, you can enter an advance receipt voucher in BUSY.
For pass advance Receipt entry follow these steps:
Step 1: Go to administration tab and click on configuration option.
Step 2: Select Features and options and click on Gst and vat tab.
Step 3: Enable tax on advance receipt option and save the changes.
Step 4: Then go to transaction tab and select receipt tab.
Step 5: Click on add option and enter the date then set the GST nature as Advance Receipt.
Step 6: Pass accounting entry and mention detail reference number and tax rate then save voucher.
I am unable to understand how to record inter-state and intra-state GST adjustments. What is the process for IJST and CJST adjustment in BUSY?
To record the inter state and Intra state Gst adjustments in BUSY you need to follow the steps
Step1 Go to transaction menu and select the sale or purchase voucher and click to add
Step2 fill the voucher details like series date number then select sale or purchase type
as per party state for inter state transaction select LGST multirate and for Outside state party select
IGST then fill the party name and item details like item name rate quantity amount
Step3 then apply tax and save the voucher
What is the process to reverse GST on purchases if payment is not made within days as per new government rules?
To reverse your GST on purchase if payment not made within 180 days, you need to follow these steps:
Step 1: Go to Transaction menu and select Journal voucher.
Step 2: Click on Add and enter the required details such as Date, Vch number, etc.
Step 3: Select GST Nature as GST Tax Adjustments and pass the entry.
Step 4: When you save the voucher you need to select GST Adjustment Type as ITC Reversal / Ineligible ITC and rule as required then save the transaction.
You can also concern with your tax consultant for accounting entry and rule.
What steps should I take to configure my items and accounts to view fixed assets separately in the balance sheet?
know how to configure items and accounts to view fixed assets separately in the balance sheet ,Kindly follow the steps below:
Step1 : Go adminisitration, select master .
Step2 : Create a account select group fixed assets that view in balance sheets fixed side.
Step3 : Create a items and Specify purc account field it given in item master select there sepecify here and tag that fixed assets account.
Step4 : Pass the enter in voucher.take the items in transaction and save voucher .
Step5 : Start reflecting in balance sheets assests side
How do I record vendor payments in BUSY?Are there any prerequisites I need to complete before generating evaluation reports?
If you want to record payment made to vendors in BUSY, you can follow these steps:
Step 1: First, open your company and go to Transaction.
Step 2: Choose the Payment Voucher and click on Add.
Step 3: Fill in the necessary details such as Date, Voucher no., Party, Amount, etc and save the transaction.
BUSY provides various reports to evaluate your business such as Balance Sheet, Profit & Loss A/c, Trial Balance, etc. Before generating these reports you need to ensure that all the transactions are correctly entered and you have open the report of correct period.
Why is my freight not booked separately in all my sales entries? How can I ensure freight is booked separately for all sales?
To book freight separately in all sales entries you need to follow the steps
Step1 Go to administration menu and click on master then select Bill sundry
and click on modify and search freight bill sundry master
Step2 diable adjust in sale account and make it specify here and tag a freight account ledger
on the account head to post option and save bill sundry
Step3 To see the effect of new changes Run Regenerate dual voucher from house keeping menu of sales for Freight bill sundry master
I made some changes to freight charges but my sales invoice is still showing old values. How to ensure changes reflect properly?
To ensure changes in freight charges reflect properly,you should follow the steps
Step1: Go to transaction menu Click on sales and modify then search the invoice
Step2: open the invoice and ensure that freight charges bill sundry is applied before tax and in bill
sundry master its selected Taxable amount
Step3: if freight charges applied in voucher as item master then open item master in modify mode
and check its tax catery given properly if not then modify it and save then in voucher apply tax and save voucher