Frequently Asked
Questions
Find Solutions to Common Issues Related to final-results - balance sheet
I need assistance understanding how to generate accurate financial reports from the data in the software.
If you are unable to generate financial reports in BUSY please follow these steps:
Step 1: Go to display menu
Step 2: Then click on final results
Step 3: Afterwards you can view the financial reports such as balance sheet and profit and loss etc
I'm seeing an extra net loss account in my BUSY balance sheet. How to remove it?
The profit & loss showing in the balance sheet is depend on the transactions you have made throughout the period, So if you are seeing extra net loss then you need to check your transactions and check the balance sheet of short period.
How can we finalize the balancesheet in BUSY?
To finalize the balance sheet in BUSY, you need to post some entries related to depriciation or appriciation of fixed asset, profit and loss tranfer to capital account, Transfer of statutory liability to current liability and interest payment of loan taken from bank.
Why can I only see Net Profit in the Super Util/May Head, instead of all the usual headers like Current Assets?
Net Profit is the only header visible in Super Util/May because it is the only value that is being displayed in the current asset section. Other headers may not be visible due to the way the data is being processed or displayed.
What is the best way to review my overall business financial data and metrics in BUSY?
If you want to review your overall business financial data or metrics you may check final result reports under display menu , in which you can check balance sheet, profit and loss account , income and expense account , trail balance etc.
What causes the issue where the data/headers do not appear when opening the balance sheet?
This could happen some time if you drag and drop the column of the balance sheet, so it is not showing the data or headers. To solve this, you have to increase the column by dragging and dropping the balance sheet column.
How do I generate financial statements like PL balance sheet in BUSY
To generate financial statement, we have to go to :
step 1 : click on display
step 2 : final results
step 3 : check and open reports like - balance sheet, profit and loss a/c, payment and receipt a/c and income and expenditure a/c.
How can I view a company performace in BUSY?
To view the company performace in BUSY, you can check the balance sheet by follow these steps:
Step 1: Go to display section then click on final result
Step 2: Choose the balance sheet (Standard) then specify the date range and open the report.
The annual balance sheet is opening in the same page when I click on it. How can I view and print the full balance sheet on one page?
You can print balancesheet in one page from below steps.
Step 1: Click on Print/email/sms
Step 2: Then Final results
Step 3: Then Balance sheet
Step 4: Then Horizontal Standard
Step 5: Then tick on balance sheet and print it
How do I generate and view financial statement in the software?
To generate and view financial statement in BUSY, please refer to below mentioned steps:
Step 1: Go to display menu.
Step 2: Click on Final result.
Step 3: Select Balance sheet or P&L A/c.
Step 4: Select the date range for opening the statement.