Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - rcm data feeding and report
Where should I put the payable account for RCM payment duties and taxes or current liabilities?.
You should put the payable account for RCM payment under Current liabilities
Do I need to create a separate party for RCM expenses?.
Yes, you need to create a separate party for RCM expenses.
How do I set up auto-reconciliation for GST payments in BUSY?.
We dont have option to set up Auto-reconciliation for GST payments
Should I enter separate entries for RCM in BUSY?.
Yes, you should enter separate entries for RCM in BUSY.
Do I need to assign a voucher number separately for RCM entries in BUSY or will it be auto-generated?.
In BUSY, voucher numbers for RCM entries will be auto-generated.
How do I enter the RCM file in BUSY?.
We Dont have option in BUSY to File RCM
What is the full form of RCM?
The full form of RCM is Reverse Charge Mechanism
How do I fix the error "RCM reversal undisturbed RCM"?.
In BUSY RCM Reversal Option not avialble.
How can I reconcile my RCM payments with the entries made in BUSY?
For Reconciling RCM payment entries you can