Frequently Asked
Questions

Q: How do I find specific accounting reports/statements in BUSY software?

To generate financial statements in BUSY, Please follow the steps : Step 1: Open BUSY. Step 2: Find the Display section. Step 3: Choose the financial statement you need, like a profit and loss report or a balance sheet. Step 4: Click on it. Step 5: The software will make the report using the information you put into the system.

Q: I created some fixed assets by consuming raw materials in BUSY but they are not showing in the balance sheet what should I do

If created some fixed assets by consuming raw material in BUSY but they are not showing in the balancesheet check fixed asset group which is generated it is "Fixed Asset". Or check date of entry and balancesheet checking date do same and then check. If still same issue then please contact our Helpline No. i.e. 8282828282, Or 011-40964096

Q: Why might the stock value differ between stock reports and the balance sheet in BUSY?

If Stock value showing mismatch In Balance sheet and stock report it is possible we have not taken then stock data from some material centres. For checking it follow the below steps:- Step 1: Administration Step 2: Master Step 3: Material Centre Step 4: Modify Step 5: Select particular material centre Step 6: Check option reflect the stock in balance sheet. This should be enbale.

Q: How do I export financial reports from BUSY to share with my accountant?

To export financial reports from BUSY, we need to follow : Step 1 : click on display Step 2 : final results Step 3 : balance sheet and profit loss account Step 4 : select date range Step 5 : open report Step 6 : click on export Step 7 : select data format Step 8 : export it like in excel, pdf, google sheet,etc.

Q: How do I generate financial reports like a balance sheet and income statement?

To generate Balance Sheet & Income Statements in BUSY, you can follow these steps: Step 1: Go to the Display menu and click on Final Results. Step 2: Choose the Balance sheet or Income & Expenditure A/c option. Step 3: Enter the date range and open the report. You will see the selected report of selected period.

Q: I see incorrect values with some accounts in the balance sheet.

Please follow the steps given below to correct all the incorrect values in the balance sheet: Step 1: Take Backup Step 2: Go to housekeeping Menu Step 3: Press enter on update master balnces Step 4: Then select 2nd option which is you can proceed as i have the latest backup and click on ok and check after the process

Q: Generate financial reports in BUSY. Where to access financial reporting features?

To access financial reporting features in BUSY, Follow these steps : Step 1: Go to Display menu. Step 2: Then click on the Final results and then these reports will be displayed : 1: Balance sheet. 2: Profit and loss Account. 3: Payment and Receipt Account. 4: Income and Expenture Account.

Q: How to generate financial statement from BUSY according to schedule III

To generate financials from BUSY according to schedule III follow below steps: Step 1: Go to display option and then select final results option. Step 2: Then select balance sheet, profit and loss account etc. Step 3: Then select vertical standard format for both profit and loss account and balance sheet option to view report according to schedule III.

Q: Need schedule balance sheet how to find in BUSY?

For configure schedule balance sheet follow these steps: 1. Go in Administration then go in configuration 2. Then go in Final Result configuration 3. Add format for balance sheet and configure format according to standard,schedule VI and IFRs After configure format go in display then go in final result then go in balance sheet and open vertical(configurable) Report.

Q: Our capital account amount seems incorrect. How does your system calculate that amount and can we trace where the number is coming from?

If your capital account is showing incorrect amount there could be a several reasons of it: 1. Incorrect data entry 2. Wrong grouping of accounts 3. Using old release of BUSY software 4. Checking data in wrong date range BUSY software calculate the amount according to the transactions you made and the configurations you have selected in your data

Find Solutions to Common Issues Related to final-results - balance sheet

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

How do I find specific accounting reports/statements in BUSY software?

To generate financial statements in BUSY, Please follow the steps : Step 1: Open BUSY.
 Step 2: Find the Display section.
 Step 3: Choose the financial statement you need, like a profit and loss report or a balance sheet.
 Step 4: Click on it.
 Step 5: The software will make the report using the information you put into the system.

I created some fixed assets by consuming raw materials in BUSY but they are not showing in the balance sheet what should I do

If created some fixed assets by consuming raw material in BUSY but they are not showing in the balancesheet check fixed asset group which is generated it is "Fixed Asset". Or check date of entry and balancesheet checking date do same and then check. 
If still same issue then please contact our Helpline No. i.e. 8282828282, Or 011-40964096

Why might the stock value differ between stock reports and the balance sheet in BUSY?

If Stock value showing mismatch In Balance sheet and stock report it is possible we have 
not taken then stock data from some material centres.
For checking it follow the below steps:-
Step 1: Administration
Step 2: Master
Step 3: Material Centre
Step 4: Modify
Step 5: Select particular material centre
Step 6: Check option reflect the stock in balance sheet. This should be enbale.

How do I export financial reports from BUSY to share with my accountant?

To export financial reports from BUSY, we need to follow :
Step 1 : click on display
Step 2 : final results
Step 3 : balance sheet and profit loss account
Step 4 : select date range
Step 5 : open report
Step 6 : click on export
Step 7 : select data format 
Step 8 : export it like in excel, pdf, google sheet,etc.

How do I generate financial reports like a balance sheet and income statement?

To generate Balance Sheet & Income Statements in BUSY, you can follow these steps:
 Step 1: Go to the Display menu and click on Final Results.
 Step 2: Choose the Balance sheet or Income & Expenditure A/c option.
 Step 3: Enter the date range and open the report. 
 You will see the selected report of selected period.

I see incorrect values with some accounts in the balance sheet.

Please follow the steps given below to correct all the incorrect values in the balance sheet:
Step 1: Take Backup 
Step 2: Go to housekeeping Menu
Step 3: Press enter on update master balnces 
Step 4: Then select 2nd option which is you can proceed as i have the latest backup and click on ok and check after the process

Generate financial reports in BUSY. Where to access financial reporting features?

To access financial reporting features in BUSY, Follow these steps : 
 Step 1: Go to Display menu. 
 Step 2: Then click on the Final results and then these reports will be displayed : 
 1: Balance sheet. 
 2: Profit and loss Account. 
 3: Payment and Receipt Account. 
 4: Income and Expenture Account.

How to generate financial statement from BUSY according to schedule III

To generate financials from BUSY according to schedule III follow below steps:
Step 1: Go to display option and then select final results option.
Step 2: Then select balance sheet, profit and loss account etc.
Step 3: Then select vertical standard format for both profit and loss account and balance sheet option to view report according to schedule III.

Need schedule balance sheet how to find in BUSY?

For configure schedule balance sheet follow these steps:
1. Go in Administration then go in configuration 
2. Then go in Final Result configuration 
3. Add format for balance sheet and configure format according to standard,schedule VI and IFRs
After configure format go in display then go in final result then go in balance sheet and open vertical(configurable) Report.

Our capital account amount seems incorrect. How does your system calculate that amount and can we trace where the number is coming from?

If your capital account is showing incorrect amount there could be a several reasons of it:
1. Incorrect data entry
2. Wrong grouping of accounts 
3. Using old release of BUSY software
4. Checking data in wrong date range
BUSY software calculate the amount according to the transactions you made and the configurations you have selected in your data

Frequently AskedQuestions