Frequently Asked
Questions

Q: What are the inventory valuation methods available?

There is multiple stock valuation method in BUSY some are FIFO(First In First Out), LIFO(Last In First Out), Last Purchase, Last Qty In, Last Sale, Weighted Average, Avg. Price(Qty In), Avg. Price(Invoice), and Self Evaluation

Q: What are the different inventory valuation methods available in BUSY? How do I change valuation method?

There is different inventory valuation method in BUSY some are FIFO(First In First Out), LIFO(Last In First Out), Last Purchase, Last Qty In, Last Sale, Weighted Average, Avg. Price(Qty In), Avg. Price(Invoice), and Self Evaluation

Q: Do I need to enter sale type when creating a challan in BUSY?

you need to enter sale type if creating sale challan and showing option for select sale type.But tax in challan will not affect account for tax.only it will show in voucher and printing of required.

Q: Why does the party discount apply to retail sales invoices in BUSY?

In BUSY, Discount can be given to the parties as per your requirement. we need to create the party wise structure to give same item with to the parties with different price and discount amount.

Q: How can I set up and manage multiple currencies in BUSY?

To manage multiple currency go to: Step 1 : CLick on administration Step 2 : Configuration Step 3 : Features and options Step 4 : Accounts Step 5 : Enable multi currency Step 6 : Under masters tab add multiple currency

Q: I adjusted a chalan voucher and now the serial number details are not showing in the sale voucher. Why is that?

If you adjusted challan into sale invoice and serial number details window not showing in sale voucher because it already adjusted while creating sale challan and those sale challan is adjusted in sale voucher.

Q: I am not able to understand the calculations in the average quantity method. Can you explain how it works?

The average quantity method calculates the weighted average cost per unit by multiplying the total quantity purchased by the purchase price, divided by the total quantities. This method is used to calculate inventory value.

Q: I enabled the option to view previous purchase prices, but it is not showing all items why?

Here are some steps to troubleshoot and address the problem: Step 1: Check the Inventory menu configuration. Step 2: Verify Purchase History of the product Step 3: Check the user rights to do the necessary changes .

Q: I previously setup special pricing for some customers but now those options are gone. What happened?

Here are some steps to troubleshoot and address the problem: Step 1: Check the Inventory menu configuration. Step 2: Verify Purchase History of the product Step 3: Check the user rights to do the necessary changes .

Q: How can I check my inventory management in BUSY which we are doing from stock management?

You can check several reports in BUSY for inventory as follows: Step 1: You can check our inventory summary report under display option. Step 2: You can check stock status for all items under display option.

Find Solutions to Common Issues Related to features - inventory other features

Taxation (GST/VAT/TDS/TCS/RCM)

Export/Import/Data Conversion

Errors (RTE/Ransome), Feedbacks and Bugs

Barcode, QR Code and Lable Printing

License Management/Softlock/Hardlock

Enquiry/Upgrade/Visit/Renewal

UMS Related Issue (Dealer Query)

Software Features

Implementation

Dealer Complaint/Issues

Enquiry/Upgrade/Visit/Renewal

Dealer Complaint/Issues

What are the inventory valuation methods available?

There is multiple stock valuation method in BUSY some are FIFO(First In First Out), LIFO(Last In First Out), Last Purchase, Last Qty In, Last Sale, Weighted Average, Avg. Price(Qty In), Avg. Price(Invoice), and Self Evaluation

What are the different inventory valuation methods available in BUSY? How do I change valuation method?

There is different inventory valuation method in BUSY some are FIFO(First In First Out), LIFO(Last In First Out), Last Purchase, Last Qty In, Last Sale, Weighted Average, Avg. Price(Qty In), Avg. Price(Invoice), and Self Evaluation

Do I need to enter sale type when creating a challan in BUSY?

you need to enter sale type if creating sale challan and showing option for select sale type.But tax in challan will not affect account for tax.only it will show in voucher and printing of required.

Why does the party discount apply to retail sales invoices in BUSY?

In BUSY, Discount can be given to the parties as per your requirement. we need to create the party wise structure to give same item with to the parties with different price and discount amount.

How can I set up and manage multiple currencies in BUSY?

To manage multiple currency go to:
Step 1 : CLick on administration
Step 2 : Configuration
Step 3 : Features and options
Step 4 : Accounts
Step 5 : Enable multi currency
Step 6 : Under masters tab add multiple currency

I adjusted a chalan voucher and now the serial number details are not showing in the sale voucher. Why is that?

If you adjusted challan into sale invoice and serial number details window not showing in sale voucher because it already adjusted while creating sale challan and those sale challan is adjusted in sale voucher.

I am not able to understand the calculations in the average quantity method. Can you explain how it works?

The average quantity method calculates the weighted average cost per unit by multiplying the total quantity purchased by the purchase price, divided by the total quantities. This method is used to calculate inventory value.

I enabled the option to view previous purchase prices, but it is not showing all items why?

Here are some steps to troubleshoot and address the problem:
Step 1: Check the Inventory menu configuration.
Step 2: Verify Purchase History of the product
Step 3: Check the user rights to do the necessary changes .

I previously setup special pricing for some customers but now those options are gone. What happened?

Here are some steps to troubleshoot and address the problem:
Step 1: Check the Inventory menu configuration.
Step 2: Verify Purchase History of the product
Step 3: Check the user rights to do the necessary changes .

How can I check my inventory management in BUSY which we are doing from stock management?

You can check several reports in BUSY for inventory as follows:
Step 1: You can check our inventory summary report under display option.
Step 2: You can check stock status for all items under display option.

Frequently AskedQuestions