Frequently Asked
Questions
Find Solutions to Common Issues Related to configurations - voucher entry both
How does the recurring transactions/subscriptions feature work?
If you want to record recurring transactions in BUSY, you can use the feature of Voucher Replication. This feature allows you to post transactions automatically for a specific period of time. Let us understand ho it works in detail.
Step 1: Open your company then go to the Administration...
Steps to generate compliant documents like invoices, debit notes for suppliers in BUSY.
To generate compliant documents like invoices and debit notes for suppliers in BUSY, follow these simplified steps:
Step 1: Generate Invoice
Go to the Transaction option and select Sales.
Click on Add and enter details like series, date, and ensure automatic invoice number generation is on.
Enter sales type, customer...
How to print GST compliant invoices and bills in BUSY?How do I download my GSTR- file?
To print GST invoices from BUSY, you need to follow these steps:
Step 1: Go to the Transaction menu and add a sale voucher with all the necessary details, such as date, invoice number, party, item, tax, etc.
Step 2: After saving the invoice, a print window will pop up....
How can I enable item-wise discounts for my products or items?
Item-wise discount allows you to apply specific discounts to individual products or items in a sales transaction. This is useful when you want to offer different discounts based on the product type, brand, customer loyalty, or any other criteria, rather than applying a blanket discount to the entire sale.
To...
What is a production voucher entry in accounting?
The production voucher entry provides valuable insights into the manufacturing operations, helps manage inventory levels, and facilitates accurate cost accounting
Step1: Raw Material Consumption: The Production voucher entry records the quantities of raw materials used in the production process. It helps track the usage of each raw material for different...
What is the difference between a credit note and a debit note, and how do they affect inventory balances in voucher entries?
A credit note and a debit note are both accounting documents used to record adjustments to financial transactions. The main difference lies in their purpose and the effect they have on inventory balances in voucher entries
Credit Note:
Step1: Purpose: A credit note is issued by a seller to...
How to apply tax in the markup amount in BUSY?
Yes you can charge the taxes only on the markup value by following these steps:
Step 1: Make sure markup feature is enabled in your company
Step 2: Then go to administration menu
Step 3: Then click on masters
Step 4: Afterwards click on bill sundry
Step 5: Then click...
How to merge duplicate entries, create audit trails, generate reports in BUSY?
You can cancel or delete an entry if there are duplicate entries. To cancel an entry, first open the entry and use the shortcut key ALT + X and to delete an entry, first open the entry and use the key F8
And
To maintain the Audit Trail in
I have a product that normally has GST taxes added. But when purchasing from a composition dealer, the product shows error. How can I record purchase of taxable items from composition dealers?
If you have a product that normally has GST taxes added, But when you purchase from a composition dealer, the product shows errors. To record the purchase of taxable items from composition dealers, you need to follow the below steps:
Step 1: First, make sure you add a new party master for the composition dealer by pressing F3 in the party option in the voucher window, or you can add it from Administration, then select Masters, then select Account, then select Add. In that window, you should select the dealer type as composition.
Step 2: Also, you have to create one purchase type for the composition dealer by pressing F3 in the purchase type option in the voucher window, or you can add it by going to Administration, then selecting Masters, then selecting Purchase Type, then selecting Add. In that window, you should select the taxation type as composition dealer.
Step 3: After making sure of the above settings, you can pass relevant information for purchase entries from a composition dealer, like date, voucher number, and item details, and save the entry.
The above setting will help post the voucher for the composition dealer.
How can I enter vouchers in BUSY?
To Enter Vouchers in BUSY you have to follow the below given steps:-
Step 1: For Entering A Sale Bill you have to go Transaction menu then click on Sale or Supply outward option then Add button.
Step 2: Then have to mention Header Information as Party name,Date,series In Sale type you can mention Central or Local Multi rate if are using multitax rate items in vouchers either can mention one Tax rate specific Sale type.
Step 3: For Entering A Purchase voucher you have to go Transaction menu then click on Purchase or Supply Inward option then Add button.
Step 4: Then have to mention Header Information as Party name,Date,series In Purchase type you can mention Central or Local Multi rate if are using multitax rate items in vouchers either can mention one Tax rate specific Purhcase type.
Step 5: For Entering Cash or bank amount that you are Receving can do entry under Receipt voucher Under Transaction menu and Vice versa for paying cash or via bank can enter Payment voucher.
Step 6: For Any Expense entry or any other entry that you want to do you can do in Journal voucher( as this is a common voucher).
