When you migrate to Zoho Books from another software, you must enter the opening balances for your organisation. The opening balance you enter will be the closing balance as on the date of migration in your previous accounting software.
For example, if you are migrating to Zoho Books on 1 January 2020, and your closing balance as on 31 December 2019 in your existing accounting software is INR 10,000. This INR 10,000 will be your opening balance in Zoho Books.
To enter the opening balances in Zoho Books:
Insight: The file size cannot be more than 1 MB.
Ensure that all the fields are mapped correctly in the Map Fields page.
Mark the box Save these selections for use during future imports if you want to use a similar import format next time and click Next.
In the Preview page, click Import.
Insight: Zoho Books will auto-match the file headers of the imported file to the closest matching field in Zoho Books. You can manually edit each field to match the headers, and save these preferences. On proceeding, Zoho Books will show you any unmapped fields you may have left out or could not match. You can map these by adding new fields with matching headers.
Notes: Ensure that the balances are entered as on the date of migration.
In case a particular account is not available in the predefined list, you may add an account to be included in the opening balance.
To add a new account:
and GST filing.