How to maintain inventory records and file GST returns in BUSY?
If you want maintain your inventory records in BUSY, you can use these steps:
Step 1: Create your items with proper unit and opening balance( IF any)
Step 2: Keep your transactions up to date by recording them in dual and inventory vouchers. Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 3: Choose the stock valuation method that best suits your business needs.
Step 4: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 5: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
If you want to file GST Returns from BUSY, you can follow these steps:
Step 1: Go to Display tab and click on "GST Reports".
Step 2: Select "GST Returns" and choose the return options the you want to generate such as GSTR-1 eReturn, GSTR-3B eReturn, etc.
Step 3: Select Report to be generated options such as Direct Upload, JSON, CSV File, etc.( Direct Upload option is currently available for GSTR-1 only).
Step 4: Enter the period and can generate GST Returns according to the option selected.