BUSY

Interview Questions

Busy accounting software is an integrated business solution that helps manage financial transactions, inventory, and various accounting functions. It offers features like financial accounting, inventory management, GST compliance, and payroll.
To create a new company in Busy, go to the \\\'Company Info\\\' menu and select \\\'Create Company.\\\' Enter details such as company name, address, and financial year.
The Gateway of Tally is the main screen in Busy, providing access to various modules like accounting, inventory, and statutory compliance. It serves as the central hub for navigation.
To record a voucher entry in Busy, go to the \\\'Accounting Vouchers\\\' menu, select the appropriate voucher type (e.g., Payment, Receipt, Sales, Purchase), and enter the transaction details.
Busy assists in GST compliance by providing features for GST billing, return filing, and reconciliation. It helps businesses adhere to Goods and Services Tax regulations.
The Profit & Loss statement in Busy provides a summary of a company\\\'s revenues, costs, and expenses over a specific period, helping evaluate its financial performance.
Bank reconciliation in Busy involves matching transactions recorded in the software with entries in the bank statement, ensuring accuracy and identifying discrepancies.
Stock valuation in Busy involves determining the value of inventory items using methods like FIFO (First In, First Out) or weighted average.
Busy supports payroll processing by allowing users to set up employee details, define salary structures, and generate payslips, ensuring accurate calculation and disbursement of salaries.
Outstanding Reports in Busy provide insights into pending payments and receipts, helping businesses manage their cash flow effectively.

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