Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
Where we can post bank deposit and withdrawal from bank entries in BUSY?
To post bank deposit and withdrawal amount in BUSY, follow the below steps:
Step 1: Go to transaction section then click on contra voucher.
Step 2: Select add option and then specify the voucher number, date, series in header part.
Step 3: Now, Mention the accounting entry for withdrawal or deposit amount in Bank and save the entry.
Is it necessary to enter a item return while generating a credit note?
No, it is no necessary to enter a item return while generating a credit note in BUSY. When your customer return goods then you need to add sales return (credit note) voucher with item details but if you want to pass for only rate difference then you need to add credit note (w/o items) voucher.
Some expenses are missing from my balance sheet. How can I add them?
To add missing expense in balance sheet you need to follow the steps
1 ensure the the expense voucher you entered its have the proper ledger tagging
2 the expense ledger group should be expense indirect or direct
3 in voucher Expense ledger should be on debit and cash or bank should be on credit
How can I cancel a debit note in BUSY Accounting Software?
To cancel a debit note voucher in BUSY the follow the below steps.
Step 1: Click on transactions and then debit note without items
Step 2: Then modify and mention the voucher number which you want to delete it. in the voucher click on cancel button to cancel it or can use control + x shortcut key.
Can you help me with making payments to multiple parties?
To add payment voucher for multiple parties in BUSY, follow the below steps:
Step 1: Open your company then go to transactions menu.
Step 2: Select payment voucher and click on add.
Step 3: Enter the required details such as date, voucher number, debit all the parties and credit the bank or cash account with amount then save.
How to enter GST number in transactions in BUSY?.
To enter GST Number in transaction in BUSY You need to follow the steps
1 Open the transaction from list of voucher
2 select Party from party name option and press alter and M together to modify party master
3 after opening of party master go to GSTIN and enter gst number
How to separate advance payments in BUSY
BUSY does not have a specific option to indicate advance payment in the payment voucher. However, You can either mention advance in the narration field of the payment voucher or can create an advance bill reference for the payment voucher. Now when open any report you can seperate the advanced payment by the narration field.
What is the inclusive option used for in tax rates?
For Sale/Purc Type for Local and Central - Tax Inclusive, Please follow below steps :
Step 1: Go to transaction Menu
Step 2: Select Voucher type .
Step 3: And add voucher entry like Sales/Purchase.
Step 4: Choose the Sale/Purc Type for Local and Central-Tax Inclusive.
Step 5: The tax-inclusive price as per the item master.
Can I create a commission bill through a journal voucher?
Yes, you can create a commission bill through a journal voucher in BUSY by follow these steps:
Step 1: Go to transaction then click on journal tab.
Step 2: Select the add option then specify voucher the series, date, number and gst nature in header.
Step 3: Post the accounting entry for commission and save the voucher
Can I credit salary and wages from my capital account?
As per the accounting rules, the profit and loss of the businees should be adjust in the capital account. the capital account is used to record individual ownership rights of the owners of a company. For salary and wagaes you can crredit the cash or bank account. further can consult with you ca.