Frequently Asked Questions

Yes I can explain the posting process. 
It involves recording the finacial day to day transaction in money terms.
Enter the debit and credit amount for each transaction in the appropriate accounts , which then affects the financial statements.
Debit and credit amount should be equal in each transaction.

In some bills not showing e-invoice number even though e invoice is generated the reasons behind this. 
 If the e invoice is generated from portal then e invoice no will not be show in voucher although you can fill the e invoice details manually in voucher.

If the serial number is not showing for the adjustment in the sales voucher then check the below steps.
Step 1: Ensure that the serial number should not has been adjusted in some other voucher. for that can check in the serial number report from the display menu.

To add cheque payment details in BUSY, follow these steps :
Step 1: Go to transactions select payment.
Step 2: Select add and enter the neccesary details such as voucher number, voucher date, account, amount and cheque number with  in short narration column and click on save button.

Yes, you can cancel the voucher anytime as per your requirement but if you have generated the e invoice or e way bill for that voucher then the voucher can cancel it but not e invoice or eway bill either from BUSY or portal after 24 hrs. 

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.

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.

While creating a credit note against sales invoice in BUSY , In GST nature it shows 3 option :
 1: Credit note issued against sale
 2: Debit note received against purchase.
 3: Not applicable.
 You can apply GST by selecting these options as per your convenience.

Here are some common causes and potential solutions to address the problem:
Step 1: Incorrect Account group Configuration.
Step 2: Confirm that the loan transactions are recorded accurately with the correct loan account and relevant details.
Step 3: Review the opening balances for both loan and current liability accounts.

To correct party name go to:
Step 1 : Click on administration
Step 2 : Then master and go to accounts
Step 3 : Select wrong party name and correct it and save
You can modify the voucher by pressing Alt-M and correcting the party name. Then save the changes.