Frequently Asked Questions

To modify the RCM (Reverse Charge Mechanism) expense category in BUSY, follow these steps:
 1: Go to the Administration section and select Masters.
 2: Under Account Options, choose Modify.
 3: Find the expense master and open it.
 4: Locate the RCM nature option and select the desired RCM nature.
 5: Save the changes.
 By following these steps, you can modify the RCM expense category/nature in BUSY.

To maintain accurate balances and prevent issues arising from incorrect RCM entries in BUSY, it is essential to adhere to the following guidelines:
 1. When creating an RCM Entry, ensure that RCM expenses are correctly selected.
 2. Prior to saving the entries, meticulously review the accuracy of the RCM details.
 3. Periodically reconcile the RCM entry amounts with the posted amounts using the provided report.

If RCM entry is not reflecting in GST summary follow below steps: 
Step 1: Check expense booking voucher entry, it should be entered with GST nature RCM Expense.
Step 2: GST tax entry has to enter after booking entry. From Transaction>GST Misc. utilities>Check/Post Consolidated RCM Payable by using F4 Shortcut key. 
Step 3: Now open the GST summary report and it will reflect the data of RCM.

To enter a consolidated RCM entries in BUSY you need to 
 follow the steps 
 Step1 Go to Transaction menu and click on GST Misc Utilities Option
 Step2 Click on Check post consolidated Rcm entries 
 Step3 Click on monthly or daily basis option 
 Step4 Select the month and ok 
 Step5 Press F4 to passout consolidate voucher entry automatically 
 generated from BUSY

If this error as invalid RCM nature is showing while saving the voucher then make sure that the RCM nature is selected in the expense account.
 Pls follow the below steps.
 Step 1: Open the required expense account in modify mode 
 Step 2: Then select the GST type as GST applicable
 Step 3: Then mention the Tax rate and RCM nature and save it.

for the decide to record a particular invoice as RCM or regular GST in BUSY please follow the below steps
 step 1: RCM is applicable when the un-registered supplier is not required to charge GST on the invoice.
 step 2: If the supplier has charged GST on the invoice, and they are obligated to collect GST for the goods/services provided, it falls under regular GST.

To record RCM expenses in a specific cost center in BUSY, you need to follow these steps:
 1. Enable the cost center feature in the account settings.
 2. Create a cost center master for the specific cost center.
 3. Enable the cost center feature for the RCM expenses account.
 4. Enter the RCM expenses voucher and allocate the amount to the desired cost center.

To allocate RCM expenses in a specific cost center in BUSY, you need to follow these steps:
 1. Enable the cost center feature in the account settings.
 2. Create a cost center master for the specific cost center.
 3. Enable the cost center feature for the RCM expenses account.
 4. Enter the RCM expenses voucher and allocate the amount to the desired cost center.

For add notes for RCM entries in BUSY please follow the below steps
 step 1: go to the Configuration option under administration menu 
 step 2: open features and options then click on account tab 
 step 3: enabled maintain notes with master/voucher option and save .
 step 4: then open RCM entries while saving voucher notes manager open there you can add notes .

For reflecting RCM related data in GSTR-2 data, please follow below mentioned steps:
 Step 1: Go to transaction menu.
 Step 2: Click on GST Misc. Utility.
 Step 3: Check/Post Consolidated RCM Payable.
 Step 4: Select report basis as Monthly or as on date.
 Step 5: Press F4 key to post consolidated voucher.
 Step 6: Click on save tab for automatic posting of the voucher