Frequently Asked
Questions

Q: Can I generate balance sheets in BUSY?

If you want to generate balnce sheets then please follow the given steps Step 1: Go to display menu then final result. Step 2: Then balance sheet then horizontal standard Step 3: Then select option as per your requirement and enter the date Then Ok. Step 4: Then your balance sheet will get open in front of you.

Q: Why does the bank account balance still appear as per previous balance in balance sheet after deleting bank entries in BUSY?

If the bank account balance display old balance in balance sheet after delete bank entries in BUSY, follow these steps: Step 1: Take the latest backup of your data. Step 2: Go to housekeeping section then click on update master balance. Step 3: Click on ok tab then check the balance sheet report after complete the process.

Q: I am unable to generate a balance sheet report for the current financial year. What could be causing this problem?

Resons for not being able to generate balance sheet is : Step 1 : Current year could not set in BUSY Step 2 : User has no rights Step 3 : Sofware update Step 4 : Server issue Step 5 : Verify your account master setting Step 6 : filter is set in report

Q: I am trying to generate financial reports in BUSY but the totals/balances seem incorrect. What could be causing this and how can I generate accurate reports?

To generate financial reports in BUSY but the totals or balances seem incorrect, you need to update your balance. To do this, you need to go to the housekeeping option, select the update master balances, and run the update master balance utility by pressing OK. After this, you can check the accurate report.

Q: I am unable to generate a balance sheet report. Can you guide me through the necessary steps?

In BUSY balance sheet report is auto-populated as per data feed you can check it by following steps: Step 1: Go in display section. Step 2: Select final results option. Step 3: Click on balance sheet. Step 4: Select report as horizontal, vertical as per your requirement. Step 5: Define the desired date, then open the report.

Q: What are the different configuration settings I should check for resolving incorrect calculation of ratios?

Here are some reasons to check : Step1; Verify that entries for revenues, expenses, assets, liabilities, and equity are correctly recorded. Step 2:Ensure that exchange rates are accurately set and applied. Step 3: Verify that units (e.g., quantities, shares) are consistent across transactions and calculations. Step 4; Check the balancesheet or profit and loss with proper ratios

Q: How can I view the balance of any particular date in BUSY?

To view the balance of any particular date in BUSY, follow below steps Step 1: Go to display menu and then submenu final results Step 2: Then go to Balance sheet then select horizontal standard Step 3: After that select date range and other details as per your requirement and then press on ok.

Q: Can you explain the chart of accounting management in BUSY?

In BUSY, The management of accounting involves creating and organizing different accounts to track financial transactions. It allows you to categorize income, expenses, assets, liabilities, and equity. You can check Financial statment or final results in form of balance sheet profit and loss and trail balance .your can maintain accounting with inventory.

Q: How do I generate financial reports like P&L and Balance Sheet in BUSY?

In BUSY, you only need to add your business transactions like Sales/ Purchase/ Receipt/Payment Etc. BUSY will automatically create final report according to the entered transactions. For checking Final reports in BUSY you can go to: Step 1: DisplayDisplay Step 2: Final Results Step 3: Balance Sheet/ Profit & Loss A/c/ Payment & Receipt A/c

Q: What reports can I generate from BUSY for financial planning and analysis?

From BUSY, you can generate various reports for financial planning and analysis. Some of the reports include Profit & Loss Statement, Balance Sheet, Cash Flow Statement, Trial Balance, and Aging Reports for Accounts Receivable and Accounts Payable. These reports provide insights into your business's financial performance, liquidity, and overall financial health.

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

Can I generate balance sheets in BUSY?

If you want to generate balnce sheets then please follow the given steps 
Step 1: Go to display menu then final result.
Step 2: Then balance sheet then horizontal standard
Step 3: Then select option as per your requirement and enter the date
 Then Ok.
Step 4: Then your balance sheet will get open in front of you.

Why does the bank account balance still appear as per previous balance in balance sheet after deleting bank entries in BUSY?

If the bank account balance display old balance in balance sheet after delete bank entries in BUSY, follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Go to housekeeping section then click on update master balance.
Step 3: Click on ok tab then check the balance sheet report after complete the process.

I am unable to generate a balance sheet report for the current financial year. What could be causing this problem?

Resons for not being able to generate balance sheet is :
 Step 1 : Current year could not set in BUSY
 Step 2 : User has no rights
 Step 3 : Sofware update
 Step 4 : Server issue
 Step 5 : Verify your account master setting
 Step 6 : filter is set in report

I am trying to generate financial reports in BUSY but the totals/balances seem incorrect. What could be causing this and how can I generate accurate reports?

To generate financial reports in BUSY but the totals or balances seem incorrect, you need to update your balance. To do this, you need to go to the housekeeping option, select the update master balances, and run the update master balance utility by pressing OK. After this, you can check the accurate report.

I am unable to generate a balance sheet report. Can you guide me through the necessary steps?

In BUSY balance sheet report is auto-populated as per data feed you can check it by following steps:
Step 1: Go in display section.
Step 2: Select final results option.
Step 3: Click on balance sheet.
Step 4:  Select report as horizontal, vertical as per your requirement.
Step 5: Define the desired date, then open the report.

What are the different configuration settings I should check for resolving incorrect calculation of ratios?

Here are some reasons to check :
Step1; Verify that entries for revenues, expenses, assets, liabilities, and equity are correctly recorded.
Step 2:Ensure that exchange rates are accurately set and applied.
Step 3: Verify that units (e.g., quantities, shares) are consistent across transactions and calculations.
Step 4; Check the balancesheet or profit and loss with proper ratios

How can I view the balance of any particular date in BUSY?

To view the balance of any particular date in BUSY, follow below steps
Step 1: Go to display menu and then submenu final results
Step 2: Then go to Balance sheet then select horizontal standard 
Step 3: After that select date range and other details as per your requirement and then press on ok.

Can you explain the chart of accounting management in BUSY?

In BUSY, The management of accounting involves creating and organizing different accounts to track financial transactions. It allows you to categorize income, expenses, assets, liabilities, and equity. You can check Financial statment or final results in form of balance sheet profit and loss and trail balance .your can maintain accounting with inventory.

How do I generate financial reports like P&L and Balance Sheet in BUSY?

In BUSY, you only need to add your business transactions like Sales/ Purchase/ Receipt/Payment Etc.
BUSY will automatically create final report according to the entered transactions.
For checking Final reports in BUSY you can go to:
Step 1: DisplayDisplay 
Step 2: Final Results
Step 3: Balance Sheet/ Profit & Loss A/c/ Payment & Receipt A/c

What reports can I generate from BUSY for financial planning and analysis?

From BUSY, you can generate various reports for financial planning and analysis. Some of the reports include Profit & Loss Statement, Balance Sheet, Cash Flow Statement, Trial Balance, and Aging Reports for Accounts Receivable and Accounts Payable. These reports provide insights into your business's financial performance, liquidity, and overall financial health.

Frequently AskedQuestions