What are the steps to record RCM payment and adjustment entries in BUSY?.

To record RCM (Reverse Charge Mechanism) payment vouchers and their adjustments in BUSY, follow these simplified steps: 
 Step 1: Go to the Display Menu. 
 Step 2: Select GST Reports. 
 Step 3: Choose GST Summary report under GST Summaries Menu. 
 Step 4: Select the specific period for which you want to record RCM payment vouchers and click OK. 
 Step 5: In the GST Summary Report, press the F4 key. 
 Step 6: In the Post Voucher Window, click on the RCM payment button. 
 Step 7: Under the Generate RCM Payment Voucher screen, select the voucher type you want to use, whether it's a payment voucher or a journal voucher. 
 Step 8: Choose the voucher series in which you want to generate your RCM voucher. 
 Step 9: Select the respective account master where you want to credit your RCM payment voucher. Note that the debited RCM account master is usually selected by default, but you can change it if needed. 
 Step 10: Press the Save button to post the RCM Payment Voucher, and click Save on the respective RCM Payment Voucher, whether it's a journal or payment voucher. 
 Step 11: After completing the Payment Voucher, press F4 again and select the second button, RCM to Regular. 
 Step 12: In the Generate RCM to Regular Tax Adjustment section, choose your Journal Voucher Series and the respective accounts. (Note: Defaults are selected, but you can make changes if necessary.) 
 Step 13: The system will automatically populate the accounts and RCM adjustment account in the Journal Voucher with the GST nature. Simply click the Save button to complete this task. 
 By following these steps, you can efficiently record RCM payment vouchers and their adjustments in BUSY.