How Do You Migrate Opening Balances When Switching to Zoho Books from Another Accounting System?
Zoho Books allows you to bring over your opening balances so your historical data aligns with your new accounting records.
Enable Opening Balances:
Go to Settings → Opening Balances → Enable.
Enter Balances:
Manually input balances for assets, liabilities, and equity as of the migration date.
Upload Chart of Accounts (Optional):
If migrating from QuickBooks, Tally, or Xero, import COA and opening balances in bulk.
Lock Previous Periods:
Use Transaction Locking to prevent backdated entries once balances are finalized.
Why This Workflow Matters:
Proper migration ensures your books remain accurate, lets you maintain historical compliance, and sets a clean start date for your Zoho Books accounting.
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