Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - rcm data feeding and report
I have booked a wrong RCM expense voucher in BUSY. How can I delete it and redo the entry correctly?
To delete a wrong RCM expense voucher in BUSY, please follow below steps.
Step 1: Go to Transaction Menu and click on GST Misc. Utility.
Step 2: Go to check/Post consolidate RCM payble voucher and Select the trasaction.
Step 3: Press F8 key to delete with the cosolidate RCM voucher....
Why is the RCM tax not getting posted automatically in the sales invoice when I select RCM while creating the invoice in BUSY?
If you are not getting posted sale invoice under RCM,you have to create sale type for rcm in sale voucher and can follow these steps to record rcm sale voucher
If are not able to record sale transaction under reverse charge,check in sale type if reverse sale type is created...
How to adjust RTM expenses against accounts payable in BUSY?.
To adjust RCM expenses against payable in BUSY, please follow below steps :
Step 1: go to the transaction menu of the software. Open either a purchase voucher or a journal voucher to begin entering RCM entries.
Step 2: If entering RCM through a purchase, input relevant details such as...
How do I take a backup of data in BUSY?.
In BUSY, you have three options for backing up data:
1st option: Daily Backup from Backup Configuration
Go to Administration, then Configuration, and select Backup Configuration.
Choose the data path for daily backups.
Set Y to prompt for backups when closing the company, and it will take daily backups when...
Where should I enter the taxable value in the RCM voucher? Can you guide me?.
To enter taxable value in RCM Voucher Kindly follow the following Steps:
Step 1: Go to Transactions Menu Click on Journal Voucher option.
Step 2: Under the Journal Voucher click on add. option.
Step 3: Enter Journal Voucher Header details - Select Voucher Series name, date, voucher no.,
Step 4:...
How do I handle RCM adjustments or corrections in the software? How can I enter my RCM expenses into the software?
To Correct a mistake in RCM entries and enter RCM expenses into BUSY Kindly follow the following Steps:
Step 1: Go to Transactions Menu Click on Journal Voucher option.
Step 2: Under the Payment Voucher click on add. option.
Step 3: Enter Journal Voucher Header details - Select Voucher Series...
The RCM tax amount is not getting reflected in the RCM payable/receivable sections under GST summary. What should I check?
If the RCM tax amount is not getting reflected in the RCM payable/receivable sections in GST summary report, you should check if the RCM expenses voucher have been correctly booked and if the consolidated RCM payable entry has been posted.
Please follow below steps to post RCM expense and consolidate...
What is the correct process to first book RCM expenses and then consolidate the voucher?.
You can pass RCM entries with purchase voucher entry. Kindly follow the following Steps:
Step 1: Go to transactions Menu click on Purchase voucher option.
Step 2: Under Purchase voucher click on Add.
Step 3: In Purchase voucher header select Series name, date, vch no. type.
Step 4: Select Purchase...
What is the process for booking RCM expenses and consolidating them?.
You can pass RCM entries with purchase voucher entry. Kindly follow the following Steps:
Step 1: Go to transactions Menu click on Purchase voucher option.
Step 2: Under Purchase voucher click on Add.
Step 3: In Purchase voucher header select Series name, date, vch no. type.
Step 4: Select Purchase...
How do I record reverse charge transactions in BUSY?
To record reverse charge transactions in purchase voucher in BUSY Software you can follow the Steps.
Step 1. Open BUSY Software
Step 2. Open company
Step 3. Go to transaction menu click
Step 4. In purchase type you have to select the rcm unregistered purchase type.
Step 5. In reverse...
