Frequently Asked Questions

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.

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.

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. 

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.

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.

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

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.