Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry accounting
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.
How do I properly record owner contributions and draws in BUSY? I want to make sure I track these transactions correctly.
If you want to properly record owner contributions and draws in BUSY software please follow given below steps:
Step 1: Go to transactions menu
Step 2: Then select a voucher such as journal
Step 3: Then you can pass the journal entry for owner contributions and draws in BUSY
Is there a way to include the returned item in a credit note that was originally issued without an item?
Yes, it is possible to include the returned item in a credit note that was originally issued without an item in BUSY. The entry can be made in the debit note without item section, where the party will be debited and the sales return will be credited.
If a party gives me old money and new money together, how should I make the entry in the BUSY?
If you received old money and new money together from a party, then you can record that entry in single receipt voucher with the total amount. Further if you are maintaining bill references then you can adjust old and new bill references against them you received payment.
How can I add a payment to a vendor and specify if its through cash or bank?
The software never says against whom you are making the payment. You can pass the payment voucher in BUSY.
Step 1: Click on Transaction
Step 2: Then Payment
Step 3: Then Add
DEBIT the party master from whom you are paying the amount and CREDIT the cash or bank account.
I'm having an issue with inventory valuation in BUSY after cancelling some bills. What should I do?
If you cancel or delete bills in BUSY, it can affect your inventory valuation. When you do this, your stock quantity may increase, and the value of your stock (valuation) can change. This is because canceling bills impacts how your inventory is accounted for in the system
How do I debit a person and credit another in the software while making a payment?
You have to pass the payment voucher in BUSY while making a payment.
Pls follow the below steps.
Step 1: Click on transactions and then payment
Step 2: Then Add , here debit the party master from whom you are paying the amount and credit the cash or bank account.