Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
Is it necessary to calculate tax on the net bill value?
It depends on the tax regulations and laws in your country. In some cases, tax is calculated on the net bill value, while in others it may be calculated on the gross bill value. It is important to consult with tax consultant or CA for the correct method of tax calculation.
How do I enter entries for extra reward in the software?
You can create reward as an account and then pass the entry in journal voucher. To create account and pass entry follow these steps:
Step 1: Go to administration then masters.
Step 2: Click on account and then add reward account with details as required.
Step 3: In transactions go to journal voucher entry.
How can i post credit/debit note without item in BUSY?
To post credit/debit note without item in BUSY follow these steps:
Step 1: Go to transaction
Step 2: Select Cr. Notes (w/o item) or Dr. Notes (w/o items) as per requirement and click on Add tab
Step 3: Select the GST nature and post the accounting entry then save the voucher.
How can i post credit note without item in BUSY?
To post credit note without item in BUSY, you can follow the below steps:
Step 1: Go to transaction section then click on credit note without item
Step 2: Choose add tab then specify the voucher series, date, voucher number, GST nature in header of invoice.
Step 3: Post accounting entry then save the voucher.
How to go to master in BUSY?.
To create master in BUSY you should follow the steps
1 Open the company where you want to add master
2 Go to Administration menu and click on master
3 select the master type and click on add
4 then fill the required details in master and save
How do i settle expenses in the journal instead of payment?
To settle expenses in the journal instead of payment in BUSY, you need to follow these steps:
Step 1: Go to transactions menu then select journal voucher and click on add.
Step 2: Enter the required details such as date, voucher number, select GST nature, debit and credit account with amount then save.
I need help understanding how to do journal entries in BUSY.
For pass journal entry in BUSY please follow these steps:
1. Go in Transaction then go in journal
2. click on add mention series,date and gst nature
3. Pass accounting entry here D means debit and C means credit
4. In journal entry you can't mention any item because it is pure accounting voucher
How to pass a receipt entry and credit the party involved?
To pass a receipt entry and credit the other party involved in BUSY, you need to follow these steps :
Step 1: Go to transactions menu select receipt click on add option
Step 2 : Debit the cash or bank account and credit the party account with amount and click on save button.
How do I create a credit note in BUSY without items?
To create a credit note without items in BUSY, you need to follow these steps:
Step 1: Open your company then go to Transactions.
Step 2: Select Cr. Note (w/o Items) and click on Add.
Step 3: Enter all the necessary details such as Date, Vch No., GST Nature, etc and save the transaction.
How do I enter an expense entry of CAs fee?
To enter an expense of of CA's fee, you can pass journal voucher by using these steps:
Step 1: Open your company then go to transactions menu.
Step 2: Select journal voucher and click on add.
Step 3: Enter all the required details such as data, voucher number, gst nature, account, etc then save.