Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
How can I record an entry for the amount received from the party?
To record an entry for the amount received from the party, you need to add a receipt voucher in BUSY. Follow these steps:
Step 1: Go to transactions menu then select receipt voucher and click on add.
Step 2: Enter the required details such as date, voucher number, gst nature as not applicable.
Step 3: Select debit and credit account with amount then save the voucher.
How can I credit the bank and debit the person in BUSY?
To credit the bank and debit the person in BUSY , you need to follow these steps :
Step 1 : Go to transactions and now you can use the Payment Voucher option.
Step 2 :Enter the bank account in the "Account to be credited" field and the person's account in the "Account to be debited" field. Enter the amount and save the voucher.
How do I transfer PL account balances to the capital account in the software?
To transfer profit and loss balances in capital account, you need to post journal entry by follow these steps:
Step 1: Go to transaction section then click on journal voucher type.
Step 2: Click on add then specify the voucher date, number and gst nature.
Step 3: Post the accounting entry for transfer the profit and loss balance into capital account and save the entry.
How can I view the full party details while creating journal entry in BUSY?
To view the full party details while create journal entry in BUSY, follow these steps:
Step 1: Go to transaction section then click on journal voucher.
Step 2: Click on add then update the voucher numebr, series, date, gst nature of entry.
Step 3: Now, select the account master then press ALT+M at party master to open in modify mode and check then account details.
What is the best practice for entering vendor bills and invoices into the system?
If you want to know the best practices for entering vendor bills, follow these steps:
Step 1: Go to the Transaction Menu, then select the Voucher Type and enter the voucher.
Step 2: Select the series, date, GST nature, accounts, and amounts.
Step 3: Kindly check that all calculations are correct or select the correct GST amounts.
Step 4: Timely check ledger accounts to ensure accuracy.
Can system and laptop settings cause issues with modifying bills in BUSY Accounting Software?
No, To modify Bills in BUSY ,please follow below steps:
Step 1: Go to transaction menu.
Step 2 : Select particular voucher types like sale or Purchase.
Step 3 : Click on sale/ Purchase.
Step 4: select Modify option.
Step 5 : entrer Voucher No and Date.
Step 6 : And Click on the ok
Step 7 : Modifythe bill and save the same .
How can I reflect the payments made towards EMI of loan through bank account?
To reflect the payments made towards EMI of loan through bank acocunt, you can post payment entry by follow these steps:
Step 1: Go to transaction section then click on payment tab
Step 2: Click on add then specify the voucher the series, date, number and gst nature in header.
Step 3: Post the accounting entry for payment through bank account and save the voucher.
The purchase amount and taxable amount are different in bills. What is the reason?
It would been various reason for the difference between the purchase amount and taxable amount in bills
Point1: Could be due to incorrect tax calculations or incorrect entries in the software
Point 2: Also can been bill sundry issue, it adjusting in only one purchase or taxable amount
Point 3: It is important to ensure that items value is reflecting in invoice.
Is there a way to add a description for each items serial number?
Yes, you can add item description for each items for serial number in BUSY.
Please follow the below steps.
Step 1: Click on administration and then configuration
Step 2: Then features and options and choose the inventory tab
Step 3: In the serial number wise details option, you need to click on configure tab and enable the maintain the item serial umber description and save it.
How can I enter a NEFT payment done to a vendor in BUSY?
To enter a NEFT payment done to a vendor in BUSY, follow the below steps:
Step 1: Go to administration menu then configuration and click on features and options.
Step 2: Click on accounts tab and enabled bank instrument details then save.
Step 3: Go to transactions menu and select payment voucher then add and can define instrument type as NEFT with number then save.