Should the entry of reverse charges be done from journal or purchase in BUSY Accounting Software?
The entry of reverse charges should be done in the purchase voucher or from journal in BUSY Accounting Software.
Frequently Asked Questions
Solutions to common issues related to Taxation — Rcm Data Feeding And Report.
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Step-by-step Answers
What voucher series should I select when making the RCM tax payment in the software?
When making the RCM tax payment in the software, you can select any voucher series according to your preference.
If I don't select any party, will the GST go to IGST by default?.
No, You need to select party, after that you can specified GST as per party belongs to which state
Can I make RCM payments through the online banking feature in BUSY?.
NO, you can not make RCM payment through the online banking because This feature is not available in BUSY.
When should I use the RCM expense nature of accounting?
You should use RCM expense nature of accounting when you want to do the RCM expense entry in BUSY
I need to round an adjustment amount before posting but am unable to do so. How can I round adjustment amounts to the nearest decimal in BUSY?
To round adjustment amounts in BUSY, you can use the 'Round Off' option available in the adjustment window.
Who should I contact if I have additional s on RCM invoice generation in BUSY?What is your name?.
If You have any additional Questions on RCM invoice generation in BUSY you can contct us on support
Do I need to create a separate ledger for each party in reverse charge mechanism (RCM) transactions?.
Yes, it is recommended to create a separate ledger for each party in reverse charge mechanism (RCM) transactions.
How do I select a local party for RCM invoice in BUSY?
When generating an RCM invoice, it is necessary to manually select the local party and save the invoice.
How can I record RCM on import of services purchases in BUSY?.
for record RCM on import of serices purchase in BUSY please follow the below steps
step 1:
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