Frequently Asked Questions

To generate financial statements in BUSY, you can follow these steps:
1. Open BUSY. 
2. Go to the Display section. 
3. Select the type of financial statement you want to generate, such as Profit and Loss Statement or Balance Sheet. 
4. Choose the desired date range for the statement. 
5. Click on the Generate button. 
6. The financial statement will be generated and displayed on the screen. 
7. You can print /export/Email the statement as needed. 
Please note that the specific steps may vary slightly depending on the version of BUSY you are using.

Some of the reasons why the balance sheet and GST summary may not match in BUSY are:
1. The tax account selected in the sale/purchase type and tax bill sundries is incorrect.
2. The tax type selected in the tax accounts, such as IGST, CGST, SGST, etc., is wrong.
3. The accounting configurations in the bill sundry for other charges and discount are not as per your requirements.
4. The GST nature selected in the accounting vouchers is wrong.
5. The ITC eligibility selected in the purchase or accounting vouchers is improper.
There may be other reasons depending on the situation.

There could be several reasons why some transactions are not appearing on your financial statements in BUSY. It is possible that the transactions were not properly recorded or categorized, or they may have been entered with incorrect dates. Additionally, if you have applied filters or specific date ranges to your financial statements, it is possible that the transactions fall outside of those parameters. It is recommended to review your transaction entries and ensure they are correctly recorded and categorized, and check your filters and date ranges to ensure they include the desired transactions.

To manage your fixed assets in BUSY, you need to follow these steps:
 Step 1: Create an asset master for each fixed asset under the Fixed Assets group.
 Step 2: Specify the depreciation rate for each fixed asset in their master.
 Step 3: Post a depreciation voucher to calculate and record the depreciation on fixed assets.
 Step 4: Use the correct voucher type, such as purchase voucher or sale voucher, to record the transactions related to fixed assets.
 Step 5: View the balance sheet report to monitor your fixed assets and their values.

For discrepancies in the balance sheet,then follow the below steps.
 Step 1: Run update master balance from Housekeeping
 Step 2: If still same issue, Then check the opening trial mismatch from previous year then correct it.
 Step 3: If still same then need to open the balance sheet in the short range, you will get a particular date from which mismatch is coming after that check the day book of mismatch date and correct it. Otherwise you will have to send data to us on support@busy.in or can contact to the channel partner.

If you have already run the regenerate dual voucher process but are still experiencing errors, you can try the following steps to further troubleshoot and fix the issue:
 Step 1. Ensure that you have taken a backup of your current data before proceeding with any further steps.
 Step 2. Verify if the issue is specific to certain vouchers or transactions. Check if there are any errors or discrepancies in those particular entries.
 Step 3. Double-check the tags and details entered in the vouchers for accuracy. Make sure they are correctly configured.

First enable markup from inventorty tab. 
 For Enable markup please follow these steps: 
 1. Go in Administration then go in configuration 
 2. Then Go in Features/Option then go in inventory tab 
 3. Enable markup and save configuration 
 4. Go in administration then go in master 
 5. Then Go in miscellaneous master then go in markup structure 
 6. Select markup type and tag account after yes in posting other than sale/purchase 
 7 Then save and charge in voucher before gst

If you wish to check the account balances that come under the balance sheet for a specific month on BUSY, follow these steps:
 Step 1: Navigate to the Display menu.
 Step 2: Select Final Result and then click on the Balance Sheet option. Define the date range for the month you want to check the report for and then click on the OK button.
 Once you complete these steps, all the account balances that come under the balance sheet for that particular month will be displayed.

To update Balances in Balance Sheet then please follow the below steps :
 Step 1: Go to Administration option 
 Step 2: Click on Configuration Option 
 Step 3: Then click on Feature and Option
 Step 4: Then click on Accounts option 
 Step 5: Then press F3 key for search any feature then specify Blanace Sheet and press F2 
 step 6: Subsequently, Mention ASK ME in the Balance sheet stock updation option and save the configuration by click on Save button.

If You Want To generate balance sheet and P/L Account in BUSY Follow These steps: 
 1.Go to Final Result Option under display menu. 
 2.In Final Result You Can See Balance sheet P/L Account, Payment & Receipt Account, Income & Expenditure Account 
 3.Then Select Balance sheet Horizontal/vertical Whatever You Want. 
 4.Then Click Y on Show Second Level Group Details You Can See Balance Sheet. 
 5.If You Generate P/L Account Click on P/L Account & Generate The Report.