Frequently Asked
Questions
Find Solutions to Common Issues Related to final-results - balance sheet
What could be causing incorrect calculations in certain reports in BUSY?
There could be various reasons causing incorrect calculations in certain reports in BUSY, such as incorrect data entry, incorrect settings or configurations, software bugs or glitches, or issues with rounding off calculations.
How can I generate financial statements and reports in BUSY?
Please follow below mention details for Financial Statements Report:- Click On
Step 1:- Display Tab,
Step 2:- Final Results
There is Balancesheet and Profit & Loss Report, Payment & Receipt A/c, Income & Expenditure A/c
I made additional entries after April but my totals are still not balancing. How can I get my accounts to match?
If show mismatch in balance sheet check your additional entries they are correct or not and amount mention properly or not and they have equal impact on debit and credit balance.
Why is my bank account not appearing in the bank accounts group in the balance sheet?
If your bank account is not appearing in the bank accounts group in the balance sheet, then might be the bank accounts group is not tagged under the bank account master.
I need help understanding the balance sheet and profit and loss setup in BUSY.
In BUSY You can check balance sheet ,profit and loss report from
display menu and under the final results report
It includes various categories such as assets, liabilities, equity, income, and expenses etc
If I purchase machinery for one company, will it be added separately in the balance sheet or merged with the previous years balance?
If you purchase machinery for one company in BUSY Accounting software, it will be added separately in the balance sheet and will not be merged with the previous year's balance.
The balance sheet is showing in vertical format. How can I change the format to horizontal?
You can check the balance sheet from below steps.
Step 1: Click on Display
Step 2: Then Final results
Step 3: Then Balance sheet
Step 4: Then Horizontal Standard
The cess amount is not showing correctly in my profit and loss statement. What could be the reason for this and how can I fix it?
Cess is a component of duties and taxes, falling under current liabilities in accounting. It is reflected on the balance sheet rather than the profit and loss statement.
There is a difference between my balance sheet and summary. What could be the potential causes for this mismatch?
The potential causes for the mismatch between the balance sheet and summary could be incorrect entries, invalid tax rates, missing vouchers, or discrepancies in sales or purchase amounts.
I am trying to print financial statements but some figures look wrong. Can you help me troubleshoot?
Yes, we can definitely help you troubleshoot the issue. Please provide us with more details about the specific figures that look wrong so we can assist you better.