Frequently Asked Questions

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.

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.

If you pay excess GST amount to the government, do not add it in your regular GST. Keep the excess amount in the current asset as it is. When you pay GST to the government next time, make an adjustment in the receivable account. Do not add the excess amount in your regular GST as it will not match with your ledger.

For recording payment entry in BUSY, please follow below mentioned steps:
 Step 1: Click on Transaction tab.
 Step 2: Go to payment voucher.
 Step 3: Click on Add Voucher.
 Step 4: Enter date, voucher number and GST nature as Not applicable.
 Step 5: Debit your Expense A/c or Party A/c and enter amount.
 Step 6: Credit Cash/Bank A/c
 Step 7: Save Voucher

for regularised pending PDC cheques for customer in BUSY follow these steps 
 step 1: go to that MIscellaneous data entry under administration menu 
 step 2: click on regularize PDC
 step 3: select bank then, start and end date 
 step 4: all pending PDC entries show. you can select entries and click on regularize option then check bank balance .

To modify a Journal entry in BUSY, you need to follow these steps:
 Step 1: Open your company then go to Transaction.
 Step 2: Select Journal and click on Modify.
 Step 3: Open the required voucher and make necessary changes then save.
 You can also open that voucher from journal voucher list.
 Note: Take backup of your data before making any changes.

If you want to book an expense where the ITC is not claimable then please follow then 
 given steps
 Step 1: Go to transaction menu then Journal voucher then add.
 Step 2: Enter the required details and gst nature must be set on Not applicable.
 Step 3: Then proceed to save so that it will considered as non gst transaction.

If you receive payments via cash, credit card, NEFT or UPI, you need to follow these steps :
Step 1 : Go to administration then configuration click on features and options
Step 2 : Go to accounts tab and enable bank instrument details and click on save button.
Step 3 : Now go to transactions and add receipt or payment voucher and define payment mode.

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.

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.