Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry both
How to apply the disount in voucher?
You can apply the discount in your voucher in two ways
For voucher level you can apply discount in bill sundry
& for item level discount you can use item wise discount
To apply the discount through bill sundry please follow these steps:
Step 1: Go to transactions menu
Step...
What is the difference between a physical stock voucher and a stock transfer voucher, if applicable in BUSY software?
The key difference between a physical stock voucher and a stock transfer voucher is their purpose and the nature of transactions they record. A physical stock voucher is used for stock auditing and updating stock records based on the actual physical count, whereas a stock transfer voucher is used to...
Can you explain how inventory entries are reflected in the balance sheet and income statement of a company?
Step 1 : Balance Sheet:
The balance sheet provides a snapshot of a company's financial position at a specific point in time. Inventory is considered a current asset, and its value is reported on the balance sheet under the "Assets" section.
Step2: Inventory Valuation: The value of inventory is determined...
How can I define the discount in bill?
"You can define the discount in your voucher in two ways
For voucher level you can apply discount in bill sundry
& for item level discount you can use item wise discount
To apply the discount through bill sundry please follow these steps:
Step 1: Go to transactions menu
Step...
How do I create and send an invoice in BUSY?
To create and send invoice in BUSY, you can follow these steps:
Step 1: Open your company and go to Transaction menu.
Step 2: Select voucher type which you want to create such as Sales, Purchase, etc.
Step 3: Click on Add and enter all the necessary details such as...
How can i apply the discount in my invoices?
You can apply the discount in your voucher in two ways
For voucher level you can apply discount in bill sundry
and for item level discount you can use item wise discount
To apply the discount through bill sundry please follow these steps:
Step 1: Go to transactions menu
Step...
Why am i not able to change in my voucher such as quantity and amount etc when trying to modify the invoice?
If you are not able to do the changes in your voucher such as quantity and amount etc follow these steps to get this resolved:
Step 1: If you have logged in with subuser in that case you need to login with superuser
Step 2: Then click on administration menu...
How do I give my accountant view-only access to my BUSY account for tax prep?Does BUSY handle invoicing for recurring/subscription payments?
Find out the steps to give your accountant acess to your BUSY data for view only purpose
Step1 :First go to administration
Step 2 :Then go to User option
Step 3 : Then add new user and define username and password
Step 4 : configure the rights of that user...
How many days are e-way bills valid for after generation?How to generate a GST invoice in BUSY?How to print GST returns from BUSY?
The validity of an e-way bill depends on the distance between the starting point and the delivery location. The validity period is calculated from the time of generation of the e-way bill or the entry of the vehicle number, whichever is later.
In case of regular vehicle or transportation modes,...
Explain how you would handle a voucher entry for inventory in a FIFO (First-In-First-Out) method in BUSY ?
The Stock Valuation method specified here is used for the valuation of closing stock only. It is important to note that the closing stock of one month is the opening stock of next month. Thus, the stock valuation method affects the closing stock/opening stock that appears in inventory reports such...
