Frequently Asked
Questions
Find Solutions to Common Issues Related to final-results - balance sheet
Why are UPI sales showing under sales account in profit and loss instead of bank account?
If upi sales is showing under sales account in profit and loss account it means you have select account group as sales account
How do I remove the input tax credit balance from my balance sheet in BUSY?
For removing the input tax credit balance from balance sheet then debit your GST payable account and credit your cash and bank account.
I opened the balance sheet report but custom columns were not added. What is wrong?
In the balance sheet report we cannot add custumn column. In Other reports are On enter report so cannot add custumn column.
On enter amount mismatch is showing while opening the balance sheet?
To correct the balances then you need to run the update master balance from the house keeping menu after the data backup.
What reports are available in BUSY for financial statements
Financial statements reports are available in BUSY are:-
Balancesheet
Profit & Loss A/c
Payment & Receipt A/c
Income & Expenditure A/c
Check reports from Display Tab
My audit data shows discrepancies when compared to the data in BUSY. Why is there a mismatch between BUSY data and my audited financial statements?
If there is a mismatch between the audit data and BUSY financial statements due to some incorrect entries or missing entries.
Can I keep specific purchases in the secondary creditor without it being linked to the main creditor?
No, you cannot post purchase in secondary creditor as creating a new creditor group will not reflect correct in balance sheet.
I'm trying to generate financial statements but they don't look right. What should I check?
You should check if all the entries are included and if there are any errors in the data, check the transactions.
What default financial statement reports are in BUSY?
In BUSY, we can check Financial Report Under Display Menu.
Pls Follow the Below Steps :
Step 1: Display
Step 2: Final Result
I am having trouble generating accurate financial reports in BUSY. What steps should I take to troubleshoot and resolve this issue?
To check the mismatch in financial report check:
Step 1 : check data entry
Step 2 : CHeck account balances