Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
What is the process to add a Joutnal voucher in BUSY ?
To add a journal voucher in BUSY you need to follow the steps
1 Go to transaction menu and click on Journal
2 then click on add option and fill the details of series date voucher number
3 after that select GST nature for which you want to generate Journal voucher
4 add the Debit credit account and its amount then save
How do I enter expenses in the journal for GST reporting?
To post registered expense in BUSY, follow these steps:
Step 1: Go to transaction section then click on journal voucher type
Step 2: Select the Add tab, then specify the voucher series, date, voucher number, and choose the registered expense option in GST nature.
Step 3: Post the accounting entry with tax . A window will appear for gst details, update the details for same and save the invoice.
How to record cheque receipt against invoice in BUSY
If you want to record cheque received against invoices in BUSY, you can follow these steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Transactions menu.
Step 2: Choose the Receipt Voucher and click on Add to record the expense.
Step 3: Fill in the necessary details such as Date, Voucher no., Amount, Bank Account, etc. in the selected voucher.
How do I enter an interest payment in BUSY?
To enter an Interest payment voucher in BUSY you need to follow the steps
1 go to transaction menu then click to payment and click to add
2 then fill the series date and voucher number select gst nature as not applicable
3 debit the Interest payment amount and credit the bank or cash and save
4 need to ensure interest payment ledger should be under expense indirect
Modify or delete an invoice entered wrongly in BUSY.
To modify or delete an invoice entered wrongly in BUSY you need to follow the steps
Step1 Go to transaction menu and select the voucher type then click on list
Step2 select the date range and ok then select the voucher you want to modify or delete
Step3 press F8 or delete key to delete voucher or make changes if required then save
Can I change the customer name on the receipt?
To change the customer name on the receipt, you need to modify the receipt voucher by using these steps:
Step 1: Go to transactions menu then select receipt voucher.
Step 2: Click on modify and can change the account name then resave it.
Step 3: If you want to change name of existing customer then press ALT+M on customer name and after opening it modify the name then resave.
How can I pass adjustments entries to update account balances?
To pass adjustments entries for update account balances you can add journal voucher by using these steps:
Step 1: Go to Transactions menu then select Journal voucher.
Step 2: Click to Add and enter all the necessary details such as Date, Voucher Number, debit and credit your account as per the requirements.
Step 3: After entering all the details click on save button or press F2 to save.
I need help understanding certain accounting terms/concepts. Can you explain?
Yes, I can help you understand certain accounting terms and concepts. Accounting is the process of recording, classifying, and summarizing business transactions to make informed decisions and ensure the smooth running of a business. Some basic accounting terms include assets, liabilities, revenue, expenses, accounts payable, and accounts receivable. If you have specific terms or concepts you would like me to explain, please let me know.
How do I record a customer refund in BUSY?
To record a customer refund in BUSY follow the steps
Step1 open company and go to transaction menu
Step2 click on Sales Return and click add
Step3 Fill the necessary refund details like date voucher number sale type product name quantity
price and amount
Step4 give the original voucher details for which voucher its getting refund then apply tax and save
When generating an invoice, I am asked for a receiptance PIN code but I don't know where to find it. What is this PIN code and how can I get it for my transactions?
To get the pincode of receiptance you can follow the steps.
Step 1. You can check the pincode in party master.
Step 2. IF you did not filled the pin code in party master then you can validate the gstin and can find the pincode.
Step 3. If your party is unregistered then you can ask to your party about their pincode.