Frequently Asked Questions

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.

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

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.

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.

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 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.

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

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.

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.

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.