Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
Why is the error message showing while saving a credit note in BUSY?
If showing error message while saving a credit note, then might be these possible reasons:
1. The tax account is entered in the credit note.
2. Might be you have not specify the original voucher number in the adjustement window.
3. The nature of transactions is not specified in the adjustment window.
How do I record a debit note from my supplier in BUSY
To record debit note entry in BUSY, we have to follow below steps :
Step 1 : Transactions
Step 2 : Debit Note
Step 3 : Add
Step 4 : Mention voucher date, voucher number and voucher series
Step 5 : Select accounts as mentioned in invoice, apply taxes
Step 6 : Save debit note voucher
What accounts are required when making payments in BUSY (bank, cash etc.)?
To enter a payment voucher in BUSY, you need to select a Cash/Bank account for the credit side. This is the account from which you make the payment. For the debit side, you can select any account that you want to pay to, such as debtors, creditors, expenses, tax, etc.
How do I post a journal entry for an expense in BUSY?
To post a journal entry for an expense 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, gst nature, debit and credit the accounts with amount then save.
How should I enter the capital entry of the proprietor in BUSY?
To enter the capital entry of the proprietor, you should record a journal voucher by using 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, debit and credit account with relevant amount then save.
Can you provide instructions for making the receipt voucher directly in BUSY?
To add the 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 handle partial payments and advances from customers in BUSY?
For partial payments, you need to record a payment voucher and adjust the bill reference number that was assigned to the invoice. For advance receipts, you need to record a receipt voucher and select the GST nature as Advance Receipt if you want to pay tax on the advance amount.
From where should I select the Stock valuation Method as FIFO?
You can select the FIFO method for the stock valuation from the below steps.
Step 1: Take the backup of your data
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then Inventory
Step 5: Then Select as FIFO in the stock valuation method and save it.
How can I search a specific party in the software?
To find a specific party in the software then follow the steps.
Step 1: Go to Administration menu and click on the Masters option.
Step 2: Then click on Account option and now click on modify option.
Step 3: Then type party name whatever you want to search from the drop donw list.
What are the job work related accounting entries in BUSY?
The Job Work related Accounting entries include recording Material Issue For Job Workers, Recording Material Received from Job Workers, Accounting for Job Work Charges or Expenses, And also maintain reports for the track of these charges in Job Work Reports which is available in Display Tab > Job Work Reports.