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

Asked by Last Modified  

Follow 0
Answer

Please enter your answer

Yes you can go and update the opening balances in the ledger
Comments

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
Comments

Tally Trainer

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

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
Comments

View 2 more Answers

Related Questions

What is Tally?
Tally is a accounting software. In this software you can easily maintain business account
Chitra
0 0
5
How can Tally software help in Business?
For Business using Tally owner can cut his cost by employing less or few employess. It helps in recording the Vouchers and extracting any Reports needed by the Organization. I also handles all statutory...
Rayhaan
How can I display HSN code in tally ERP 9?
enable the relevant settings and then specify the HSN codes at different levels (company, stock group, stock item, or ledger).
Franziska
0 0
5
which will be the next version in Tally ERP?
Next Versions Tally.ERP9 Series B is under development. Please don't confuse with With Version and Release. Version is some thing Big enhancement in Tally where as Release is minor enhancement in the product....
Shweta.m
Does any training or cerification is required to learn Tally Software?
No. There is no such requirement. You can directly apply for tally.
Bhavesh

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Tally.ERP9
Hi.....Learn Taxation through Tally is easier way to understand & improve knowledge base.
R

Rudra

0 0
0

Why Tally is most popular accounting software in India?
Why is Tally the most popular accounting software in India? The top 10 reasons follow. 1.Easy maintenance : Maintaining an accounting software package hasn’t been more comfortable. A transformation...

Learning Tip
1. The foundation: a productivity systemLet’s face it, without a solid foundation there is no way you can expect to build new skills and form new habits. My first tip therefore is to adopt a productivity...


Checklist for Tally.ERP 9 in Educational Mode (Client System)
1. Check the Date and Time of the System. 2. Check the internet connectivity and LAN connectivity. 3. Configure your Tally.ERP 9 client license using the Gateway Server 3.1. Start Tally.ERP 9. 3.2....

Recommended Articles

Microsoft Excel is an electronic spreadsheet tool which is commonly used for financial and statistical data processing. It has been developed by Microsoft and forms a major component of the widely used Microsoft Office. From individual users to the top IT companies, Excel is used worldwide. Excel is one of the most important...

Read full article >

Hadoop is a framework which has been developed for organizing and analysing big chunks of data for a business. Suppose you have a file larger than your system’s storage capacity and you can’t store it. Hadoop helps in storing bigger files than what could be stored on one particular server. You can therefore store very,...

Read full article >

Almost all of us, inside the pocket, bag or on the table have a mobile phone, out of which 90% of us have a smartphone. The technology is advancing rapidly. When it comes to mobile phones, people today want much more than just making phone calls and playing games on the go. People now want instant access to all their business...

Read full article >

Whether it was the Internet Era of 90s or the Big Data Era of today, Information Technology (IT) has given birth to several lucrative career options for many. Though there will not be a “significant" increase in demand for IT professionals in 2014 as compared to 2013, a “steady” demand for IT professionals is rest assured...

Read full article >

Looking for Tally Software classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you