Is it mandatory to enter opening balances in Zoho ERP?

No, it is not mandatory to enter opening balances when you sign in to Zoho ERP. However, entering your balances from the previous accounting period is necessary to ensure continuity in your accounting records.

If you’re switching to Zoho ERP at the end of a financial year, all the closing balances from your previous accounting period will be entered as the opening balance. If you’re switching during any time of a financial year, you must generate a Trial Balance report as of the migration date to ensure that all your credits and debits match.