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The existing company has ledgers with opening balances. Can I make the opening balance of the ledger to Zero ?

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Yes you can go and update the opening balances in the ledger
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Homemade Chocolates Making Training

You must entered the Last year Ledger's (Closing Balances of Assets and Liability Account heads) amounts as this year Opening Balance. You can update the other (Revenue income and expenditures) account heads Opening Balance to Zero
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Tally Trainer

Closing balance of the previous financial year will be the opening balance of the present year.
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Account Tutor

all expense ledger should be zero and last is closing balance will be carry forward as opening balance. if you donot want carry forward go to each ledger and chang the opening balance as zero
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