Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
How should i record cash payment made for marketing expenses in BUSY?
To record cash payment made for marketing expenses in BUSY, follow the below steps:
Step 1: Go to transactions menu and select payment or journal voucher then click on add.
Step 2: Enter the required details such as date, voucher number, debit the marketing expense account. If account is not created then press F3 to create it.
Step 3: Credit the cash account and amount then save.
Does the receipt voucher create automatic after creating an invoice in BUSY?
No, the receipt voucher will not create automatically after generate invoice in BUSY. Further, you need to post receipt voucher manually by follow these steps:
Step 1: Go to transaction section then click on receipt voucher.
Step 2: Choose add tab then specify the voucher number, date, series and gst nature in header part of invoice.
Step 3: Post accounting entry for receipt and save the voucher.
Finding cancellation report in BUSY. Where to access and verify status?
To find the cancellation report in BUSY,
Step1: you can access it Display option.
Step2: Go to check list, click voucher numbers report
Step3: then on cancelled voucher nos and selec the voucher type as sale.
Once you cancel a voucher, it cannot be generated again from the same voucher number. The cancellation will also be reflected in your portal.
How do I record a payment against an invoice in BUSY
If you want to record payments against invoices, you can add Payment Voucher by using below steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Transactions tab and click on Payment.
Step 2: Click on Add and mention the neccessary details such as date, voucher no, and adjust the bill references of invoices and save the transaction.
How do I record debit/credit notes for amendments in BUSY?
To Record Debit or credit notes for amendments in BUSY, You can follow the given steps :
Step 1. Go to Transactions
Step 2. For With items Debit \ Credit Note, You can select Sales \ Purchase returns
Step 3. For Without Items Debit\Credit Note, You can select Debit \ Credit Note
Step 4. Now you can add voucher accordingly.
How can I pass advance receipt entry in BUSY?
For pass advance receipt entry follow the below steps:
Step 1: Go to administration then go to configuration
Step 2: In configuration menu select features/options then go to gst/vat
Step 3: In gst/vat enable tax on advance receipt and save gst/vat tab
Step 4: Now go to transaction menu and select receipt voucher
Step 5: Click on add and take gst nature advance receipt and pass voucher
How to Record Payment Entry in BUSY
To feed a payment voucher in BUSY, see the following steps:
Step 1: Go to the Transation Menu.
Step 2: Select Payment, then click on Add.
Step 3: Select Voucher Serise vch date gst nature
Step 4: Select the debit account and amount.
Step 5: Select a credit ledger like cash or a bank, then feed the amount.
Step 6: Select relevant details and click Save to save the voucher.
How do I record a bounced cheque in BUSY
If you issued cheque but it bounced want to record that entry 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: Select Journal / Reciept and click on Add, fill all the required details such as Date, Voucher No. , amount, etc and save the voucher.
How to account for additional purchase of existing assets?
If you want to record of purchase of existing fixed assets, you can add Journal Voucher by using below steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Transactions tab and click on Journal.
Step 2: Click on Add and mention the neccessary details such as date, voucher no, Gst Nature, etc. and save the transaction.
How can i post gst refund entry in BUSY?
To post gst refund entry in BUSY, you can post journal entry by follow these steps:
Step 1: Go to transaction section then click on journal entry.
Step 2: Choose add tab then specify the voucher series, date, voucher number and gst nature as gst tax adjustment.
Step 3: Post the accounting entry for gst refund then select the gst adjustment type and save the voucher.