Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
I entered a payment receipt voucher for a customer, but the payment cheque bounced. Now the amount shows as outstanding for that customer. How can I remove the entry so it does not show as pending?
If the receipt voucher cheque bounced then it would not reflect the bank account
and if you enter the same entry in BUSY then it will show less amount in outstanding
so remove or delete the receipt voucher and when the customer issue you a fresh
cheque then enter it in BUSY
to remove the entry go to transaction menu and click on receipt then go to list
and from the receipt list select the receipt voucher and click on delete
If I receive a credit note against purchase for reducing the total amount of a bill, how should I enter the voucher for the reduced amount in the BUSY?
To reduce the purchase amount after receiving a credit note in BUSY,you need to create a debit note against the purchase.
Pls follow the below steps.
Step 1: Click on Transactions and then debit note
Step 2: Then add,here select the gst nature as credit note against purchase then pass the entry as DEBIT the party account and CREDIT the purchase and tax account.
Step 3: When you save the voucher then mention the required details in the adjustment debit note window and save it.
I want to know the exact steps to pass a complete reverse entry for IGST paid earlier in BUSY. Can you please explain the steps?
If you made a IGST paid earlier and want a reverse entry then follow the steps
Step1 go to transaction menu and click on Journal then click to add
Step2 fill voucher details like series date number
Step3 select GST nature as GST Tax adjustments
Step4 debit the bank and credit the GST output accounts then at the time of saving when the gst
adjustment box open select gst adjustment type as ITC reversal and save
How can I enter my interest income from bank in BUSY when using it for personal accounting?
To enter your interest income from bank in BUSY you need to follow the steps
Step1 go to transaction menu and click on receipt and click to add
Step2 then mention voucher series date and number
Step3 Create a Interest receipt from bank ledger and make its group under indirect income
Step4 On the receipt voucher select the bank name on receipt mode and select the
Interest receipt form bank account on credit and save the voucher
How can I create bills for two different outlets with the same GST number in BUSY?
To create bills for two different outlets with the same GST number in BUSY,please follow below steps:
Step 1: Go to Transaction menu and select Sales voucher type from submenu.
Step 2: Click on Add Option.
Step 3: Now fill voucher header details like , date , voucher number, MC Name , Sale type.
Step 4: After this Click on the Item entry select Item from the list . And Enter tax details in bill sundry.
Step 5 : Save the voucher
What is the process to record GST paid on an inclusive invoice in BUSY
To record GST paid on inclusive invoice in BUSY, we have to follow these steps :
Step 1 : Click on Transactions
Step 2 : Payment voucher
Step 3 : Add
Step 4 : Define voucher series, voucher date and voucher number
Step 5 : Select GST nature as GST payment to government
Step 6 : Select the accounts for payment of GST
Step 7 : Define details in GST payment to government window
Step 8 : Save voucher
Step 9 : Check GST summary or GST ledger
I want to record electricity payment voucher correctly under GST. What should I do?
To record electricity payment entry under GST in BUSY, you need to follow these steps:
Step 1: Go to Transaction menu and select Journal voucher.
Step 2: Click on Add and enter Date, and GST Nature should be Registered Expense (B2B).
Step 3: Debit your Electricity expense head and tax accounts.
Step 4: Credit the Electricity company master which you have created with their GST number.
Step 5: When you save the transaction mention the tax rate, HSN, ITC eligibility, etc.
How do I adjust payments or bills from previous years in the current year?
To adjust payments or bills from previous years in the current year,please follow steps :
Step 1: Go to last Year , run update master balance utility from house keeping menu.
Step 2. Change FY and update data to current year . this option you will get it from Administration menu
Step 3 : go to the display menu select Bills receivable report from outstaning report option.
Step 4: specify the date range press F4 and adjust the opening references .
How do I record advance payments to vendors in the accounting software?
To record advance payments to vendors in BUSY, you can follow these steps:
Step 1. Click on transactions
Step 2 . Payment Add
Step 3. Choose the vendor for whom you want to record the advance payment.
Step 4. Enter the necessary details such as the voucher date, payment mode, and amount.
Step 5. In the Ledger Account section, select the appropriate ledger account for the advance payment.
Step 6. Save the voucher to record the advance payment to the vendor.
How do I reduce the purchase amount after receiving a credit note?
To reduce the purchase amount after receiving a credit note in BUSY,you need to create a debit note against the purchase.
Pls follow the below steps.
Step 1: Click on Transactions and then debit note
Step 2: Then add,here select the gst nature as credit note against purchase then pass the entry as DEBIT the party account and CREDIT the purchase and tax account.
Step 3: When you save the voucher then mention the required details in the adjustment debit note window and save it.