Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
What accounts should be debited and credited for an expense journal entry?
To record an expense, debit the relevant expense account (e.g., utility expense or advertising expense) and credit accounts payable or cash, depending on whether the payment was made at the time of recording. Further, you can contact to you tax professional regarding accounting enrty for posting expense.
How to correct the bill to party location error during eway bill?
To correct the bill to party location issue then make sure that the location should be correct in the party master.
Pls follow the below steps.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then Account
Step 4: Then Modify
Step 5: Then Select the party and correct the station.
How can I add a journal entry to hit the accounting?
To add a journal entry to hit the accounting in BUSY, follow these steps:
Step 1: Open your company and go to the transaction tab.
Step 2: Select Journal voucher and click on add option.
Step 3: Select the voucher series, voucher date and GST Nature then pass accounting entry.
How I add the return item during the sales voucher?
You can add the return items during the sales voucher by entering the quantity with the minus sign.
Pls follow the below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then Inventory
Step 5: Then enable option allow sales return in sales voucher.
How can I create a voucher for payment in BUSY?
To create a payment voucher in BUSY, you need to follow these steps:
Step 1: Open your company then go to Transactions menu.
Step 2: Select Payment voucher and click on Add.
Step 3: Enter all the necessary details such as Date, Vch no. , account, amount, etc then save.
How to adjust discounts after payment through payment vouchers?
To adjust discounts after payment through payment vouchers, you can create a separate voucher entry for the discount amount. This voucher should reflect the discount account and the corresponding ledger account. By doing this, you can accurately adjust the discounts received after the payment has been made.
Issue in Holding a voucher entry
To Hold a voucher entry you need to follow the steps
1 Go to transaction menu and select the voucher and add
2 then fill the voucher details and while you enter party name a
hold voucher option will appear
3 enter a voucher identity and save it
I had an incorrect sale bill in the past that caused problems in my GST reconciliation. Now similar issues are arising again. What can be done to avoid these errors?
To avoid errors in GST reconciliation due to past incorrect sale bills, it is important to regularly reconcile accounts and GST, and ensure that all transactions are accurately recorded and matched. It is also recommended to double-check all invoices and bills before submitting them to avoid errors.
What should I do if the payment shows as pending in the software, and how can I adjust the payment in the receipt?
If a payment shows as pending in BUSY, you can adjust it in the receipt by selecting the bill reference of the party against which the payment was made. Once the adjustment is made, the pending amount will be reduced and the receipt will be updated accordingly.
How can the system show the profit and loss for a particular product when it has received a credit note for financial support?
To see the profit and loss for a particular product in BUSY Accounting software, you can generate a profitability report.
Pls follow the below steps.
Step 1: Click on Display and then mis reports
Step 2: Then profitability report and Then item wise, here you can view the required report.