Frequently Asked Questions

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.

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

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.

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

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.

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.

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.

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.

To record the GST expense entry for claiming the input tax credit then follow the below steps.
Step 1: In the expense account, you have to select the GST Type as GST Applicable then mention the tax category and ITC eligibility.
Step 2: Click on Transactions
Step 3: Then Journal
Step 4: Then Add
Step 5: Select the GST Nature as Registered expense B2B 
Step 6: DEBIT the expense account, GST input account and CREDIT the cash or party account and when you save the voucher then window will popup where shows mention the details and save it.

To adjust pending references in payment voucher in BUSY then follow below steps:
Step 1: Go to transaction menu and submenu payment and then select add option
Step 2: Then provide the necessary details, including series, date, and voucher number.
Step 3: After entering debit amount a bill by bill adjustment window will appear allowing you to adjust pending reference and then select adjustment  n method field and select pending reference thet you want to adjust after that press ok
Step 4: Then specify account to be credited and click on save option to save changes