Zoho Books Setup with Opening Balances
Hello Zoho Books Community,
- We started using Zoho Books on 1 July 2023.
- Unfortunately, the initial setup was not done properly as no opening balances were recorded, and some transactions were migrated over from Zoho Invoices.
- We now have the trial balance as of 30 June 2023 and wish to properly configure the opening balances to align with our current setup.
Could you please advise on the best way to input these opening balances without affecting the bookkeeping data from 1 July 2023 onwards? Any detailed steps or best practices would be greatly appreciated.
Thank you in advance for your assistance!
Topic Participants
Christopher
Prathamesh Mhatre
Selina Peter
Sticky Posts
[Webinar] Understanding the New Invoice Management Systems
Join industry expert CA Pritam Mahure as he discusses the importance of the new Invoice Management System (IMS) and its impact on taxpayers. Topics Covered: - Concept of IMS and pre-requisites - Applicability and Restrictions on Invoices/Records for IMSLatest Updates of the 53rd GST Council Meeting & Its Business Implications
Join industry expert CA Venugopal Gella as he discusses the importance of 53rd GST Council Meeting, the latest notifications and changes introduced by the Finance Act 2024. Register Now: https://zoho.to/GST_WebinarBest practices for financial year-end closing with Zoho Books | Free Webinar
Ready to close your year-end finances like a pro? Join our free webinar and learn how Zoho Books helps you maintain clean accounts, carry forward balances, and get geared up for the new financial year. Register now - https://zoho.to/9f1Zoho Books will discontinue support for older browser versions soon
Hello users, Starting from May 15, 2024, Zoho Books will no longer support the following browser versions: Browsers Version Restrictions Firefox Browser Versions older than 100 Google Chrome Versions older than 100 Microsoft Edge Versions older than 100Master the art of budgeting with Zoho Books | Free Webinar | 4th & 5th March 2024
We're thrilled to launch the Zoho Books monthly webinar series! Don't wait to conquer your finances in 2024! Budgeting can be easy with Zoho Books. Join our FREE webinar and learn how to set and track goals, master budgeting, and unlock insights to make