How do I reset my opening balances in Zoho Books?

To reset your opening balances in Zoho Books, the amounts in Opening Stock for items, Accounts Receivable, and Accounts Payables accounts must be removed manually.

To remove amounts from the Accounts Receivable account, export the customers, manually edit the export file, and change the Opening Balance to 0. Once done, re-import them into Zoho Books, and set the Duplicate Handling as Overwrite. Ensure that the Opening Balance field is mapped when you import customers. Similarly, you can remove the opening balance of your vendors and items.

Once done, you can delete the Opening Balance recorded in Zoho Books. Here’s how:

Go to Settings.
Select Opening Balances under Setup & Configurations.
In the Opening Balances page, click the Delete icon at the top of the page.

The opening balances will be deleted.

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