Frequently Asked
Questions
Find Solutions to Common Issues Related to final-results - balance sheet
I want to generate analytical reports from the data in the accounting software. Which reports can I generate and how?
In BUSY ,you can generate various analytical reports to analyze your data. Some of the reports you can generate include Profit & Loss, Balance Sheet, Cash Flow, Trial Balance, and Stock Summary. To generate these reports, you can go to the Display section in BUSY and select the specific report you want to generate. You can customize the report parameters such as date range, filters, and grouping options to get the desired analytical insights from your data.
What is the process to export balancesheet in excel through BUSY?
To export the balance sheet in excel through BUSY, 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.
Step 3: Click on Export tab appear on top of BUSY screen or can press ALT+E shortcut for export command.
Step 4: Select microsoft excel in data format and specify the file path in file name then press ok on tab.
Why can't I generate financial reports and statements in BUSY?
There are several financial reports and statements already availble in BUSY. you can follow the below steps to open all financial reports:
1. Click on display menu and select final result.
2. Click on balance sheet or profit and loss account or income and expenditure account.
3. Also you can check MIS report in display menu.
4.In MIS report , you can check cash flow, Fund flow and ratio analysis report.
On enter mismatch showing in balance sheet.I am unable to run update the master balance in the BUSY. What steps should I take to update the master balance?
The Update Master process is used to update all master actual balances in all reports.
Please follow the below steps:
Step 1: Take the backup of your company data in which you want to run the process
Step 2: Login your company then go to housekeeping menu
Step 3: Click on update master balances
Step 4: Click on 2nd option which you can poceed as i have the latest bcakup and then run
The reports like Profit & Loss and Balance Sheet are not showing correct amounts due to booking issues. How to troubleshoot and correct this?
To troubleshoot and correct incorrect amounts in reports like profit & loss and balance sheet
you need to follow the steps
Step1 go to display menu and click on gst reports
Step2 click on GST audit reports and click on reconcile accounts and gst
Step3 select sales or purchase or account voucher one by one and check is there any
discrepency showing or not if showing then modify it
My data is not updating properly,it is showing on enter Mismatch in Balance Sheet. What could be causing this issue?
The resaon behind the on enter Mismatch in Balance Sheet could be that data is not Refresh so you can follow some steps to update balance in your balancesheet:
Step 1: Take Backup of data.
Step 2: Now open your company and Go to the option of House Keeping.
Step 3: Now click on Update master balance option and click on OK option after completion of process check your Balance sheet.
I updated the sales value but it is not reflecting in the balance sheet. How do I fix this?
updated the sales value but it is not reflecting in the balance sheet then check
1. when you update sales values make sure that tagged in sales account after that it will be reflect in balance sheet
2. check if you enabled voucher approval then make sure that voucher was approved by admin user.
3. also you can run update master balance utilities from house keeping menu t update sales value in balance sheet.
Why is my purchased office equipment not appearing under the Fixed Assets group on the balance sheet?
If Your office equipment not appearing under the Fixed Assets group on the balance sheet Follow These Steps:
1.Go to the Administration Select Masters Then click on Accounts.
2.Then Click on modify & Enter your Master Name & check its Grouping.
3.If its Not Under fixed Assests It Can Not Show in Balancesheet Under Fixed Assests.
4.Take Account Group Under Fixed Assests Then its appearing in Balancesheet Under Fixed assests.
How do I generate financial reports like profit and loss statements, balance sheets etc in BUSY?
To generate financial reports like profit and loss statements, balance sheets etc in BUSY, you can follow these steps:
Step 1: Go to the Display tab
Step 2: Navigate the option "Final Results".
Step 3: Under that Balance Sheet and Profit & Loss A/C available.
Step 4: You can choose the report option and open that with your desired date range.
Step 5: For generate into PDF/Excel you can user export option available in report or can press ALT+E.
What charts of accounts and categories are available in the software?
To check the accounts chart and category, you can view the financial year report by following these steps:
Step 1: Go to display section then click on Final results menu
Step 2: Choose the balance sheet or profit and loss account then select horizontal standard
Step 3: Mention the data range and press on OK tab to view the report.
You can check the various chart of in respect of assets, liabilities, income, expenses, and reserves and surplus.