Hello,

I am handling bookkeeping for a partnership company.

How shall I do the opening balance for a new financial year for  Partner's Current Account?

This is a sample from the 2019 audit report (added the amount in the opening balance during migration)

And this is from the audit report for the year 2020 (the new financial year to update in our Zoho book)

What is the correct entry to do the new financial year opening balance?

I try a manual journal, but retained earnings do not appear in the journal entry.

How shall I add the new partner's current account so that it will appear in the 31.12.2020 trial balance?  

Appreciate your kind assistance. Thank you.