Frequently Asked
Questions
Find Solutions to Common Issues Related to final-results - balance sheet
I want the handling charges and service charges to be included in the total sales amount in my balance sheet. What steps should I take?
If you want add handling charges and service charges in sale you can crate separate bill sundry of each.
For create bill sundry Please follow these steps:
1. Go in administration then go in master
2. Then Go in bill sundry and craete bill sundry
3. Adjust in sale amount yes and save bill sundry and charge in voucher
4. Then in balance sheet(p&L account) show in sale
Why is the software showing an error when I try to generate a balance sheet?
There could be various reasons why the software is showing an error when trying to generate a balance sheet in BUSY. Some common reasons could be:
Step 1: Mis-entry of data.
Step 2: Mismatch in opening and closing stock values.
Step 3: Incorrect configuration of the software.
Step 4: Errors in sales or purchase entries.
Step 5: It is important to thoroughly review the data and entries to identify and correct any inaccuracies before generating the balance sheet.
The financial reports in BUSY are not displaying accurate figures. How can I correct this?
Follow below steps to display accurate figure in financial reports within BUSY:
Step 1: First take backup of your data.
Step 2: Go in House-Keeping section.
Step 3: Click on update master balance.
Step 4: Then check in report.
Step 5: If not done the check account tagging.
Step 6: Find the difference in short change.
Step 7: Check mismatch entries and correct it.
For further you can share your concern on support@busy.in
How do I close books and create final accounts in BUSY?
To close books and create final results , you can follow the below steps:
Step 1: post all necessary entries related to the financial year.
Step 2: Enter all year end entries
Step 3: To create final results go to display then final results.
Step 4: You can check Balance sheet , Profit and loss and trial balance for the yaer
Step 5: Select date range and check you report
My closing stock is showing 0 Value in balance sheet how to resolved it?
If your closing stock is showing 0 value in balance sheet you need to follow these steps:
Step 1: Go to display menu then click on final results
Step 2: Then click on balance sheet and open the balance sheet as horizontal and vertical as required
Step 3: Specify the date range and select update balance sheet stock option as Y to enable it and click on ok to generate the report
The financial statements generated by BUSY don't look right. What could be wrong?
If the financial statements generated by BUSY don't look right, you need to follow the below steps:
Step 1: Go to Display, then select Final Results, then select Balance Sheet, then select Horizontal (standard),
Step 2: then select the date range and relevant information, and press OK and F2 to load the balance sheet.
Step 3: You can find the option of a column to drag and drop to look right in that.
What is the process to export the balance sheet in Excel format?
To export the balance sheet in Excel format, follow these steps:
Step 1: Go to display menu and then click final results.
Step 2: Then go to Balance sheet and then select horizontal standard option.
Step 3: Now select date range and other details as required and then press OK.
Step 4: After opening the balance sheet then click on Export option and select Microsoft Excel in data format then click on OK.
How can I link my previous year's vouchers or bills to the current year's GST return?
To link your previous year's vouchers or bills to the current year's GST return, you need to consult your Chartered Accountant (CA). They can guide you on making the necessary entries to carry forward unclaimed Input Tax Credit (ITC) from last year to the current year. Your CA will be able to provide you with the specific steps and instructions based on your accounting software and GST regulations.
Is it possible to view the balance of the last financial year in BUSY Accounting Software?
Yes, it is possible to view the balance of the last financial year in BUSY follow the below steps:
Step1: Go to Display Menu
Step2: Then click on Final Results option
Step3: Then click on Balance sheet option and then click on Horizontal (standard) option
Step4: Then specify starting date and ending date and enable show previous year balances option as Y
Step5: Then view the report with last year balances
if balance sheet not getting open at manual mode what to do?
If the balance sheet is not getting opened in manual mode, you need to follow the below steps:
Step 1: Go to Display, then select Final Results, then select Balance Sheet.
Step 2: then select Horizontal (standard), then select the date range and relevant information, and press OK and F2 to load the balance sheet.
Step 3: After loading the balance sheet, you can view the balance sheet in manual mode.